188/190 Station Street Burton-upon-Trent Staffordshire DE14 1BJ

188/190 Station Street
Burton-upon-Trent
Staffordshire
DE14 1BJ

High Yielding Freehold Bank Investment

Let to TSB Bank Plc
10-year lease from November 2022 (subject to option)
Approximately 6,086 sq ft
Pedestrianised town centre location, close to Coopers Square Shopping Centre
Nearby retailers include Marks & Spencer, Boots the Chemist, Superdrug, Costa, River Island, Primark, WHSmith, McDonald's and a JD Wetherspoon

Lot
35
Auction
9th July 2024
Rent
£42,750 per Annum Exclusive
Status
Sold
Price
£386,500
Auction Venue
Live Streamed Auction

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High Yielding Freehold Bank Investment

Let to TSB Bank Plc
10-year lease from November 2022 (subject to option)
Approximately 6,086 sq ft
Pedestrianised town centre location, close to Coopers Square Shopping Centre
Nearby retailers include Marks & Spencer, Boots the Chemist, Superdrug, Costa, River Island, Primark, WHSmith, McDonald's and a JD Wetherspoon

Lot 35
Auction 9th July 2024
Rent £42,750 per Annum Exclusive
Status Sold
Price £386,500
Sector
Bank
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 22 miles south-west of Nottingham, 25 miles north-east of Birmingham, 25 miles north-west of Leicester
Roads: A38, A511, A5121, A5189
Rail: Burton-on-Trent Railway Station
Air: Birmingham Airport/East Midlands Airport

Situation

The property is prominently situated on the north side of the pedestrianised Station Street, in the heart of the town centre, close to Coopers Square Shopping Centre. To the rear of the property is a public town centre car park. Nearby retailers include Marks & Spencer, Boots the Chemist, Superdrug, Costa, River Island, Primark, WHSmith, McDonald's and a JD Wetherspoon.

Tenure

Freehold.

Location

Miles: 22 miles south-west of Nottingham, 25 miles north-east of Birmingham, 25 miles north-west of Leicester
Roads: A38, A511, A5121, A5189
Rail: Burton-on-Trent Railway Station
Air: Birmingham Airport/East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial bank arranged on the ground, basement, first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a substantial bank arranged on the ground, basement, first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas (Approx sq ft) (1)	Tenant	Term	Rent p.a.x.	Rent Review
Ground Basement First Second	Banking Hall Ancillary Ancillary Ancillary	352.57 123.99 88.00 -	(3,795) (1,344) (947) (-)	TSB BANK PLC (2)	10 years from 01/11/2022 (3) on a full repairing and insuring lease	£42,750	01/11/2027
Total		564.56	(6,086)			£42,750

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) For the year ending 31/12/2023, TSB Bank Plc reported a turnover of £2,098,000,000, a pre-tax profit of £235,500,000 and a net worth of £1,868,500,000 (www.northrow.com)
(3) The lease is subject to a tenant option to determine on 31/10/2027.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.