6 Market Place Retford Nottinghamshire DN22 6HB

6 Market Place
Retford
Nottinghamshire
DN22 6HB

Freehold Bank Investment with Immediate Asset Management Opportunities

Let to Bank of Scotland Plc - a part of Lloyds Banking Group (tenant not in occupation)
Lease expires December 2031 (No breaks)
Tenant offered £200,000 in July 2024 for full and final lease surrender - please see legal pack
VAT-free investment
Prominent town centre location
Nearby occupiers include Aldi, B&M, Boots the Chemist, Superdrug, HSBC, Santander, Costa Coffee, Greggs and JD Wetherspoon

Lot
45
Auction
25th September 2024
Rent
£36,400 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Freehold Bank Investment with Immediate Asset Management Opportunities

Let to Bank of Scotland Plc - a part of Lloyds Banking Group (tenant not in occupation)
Lease expires December 2031 (No breaks)
Tenant offered £200,000 in July 2024 for full and final lease surrender - please see legal pack
VAT-free investment
Prominent town centre location
Nearby occupiers include Aldi, B&M, Boots the Chemist, Superdrug, HSBC, Santander, Costa Coffee, Greggs and JD Wetherspoon

Lot 45
Auction 25th September 2024
Rent £36,400 per Annum Exclusive
Status Sold Post
Price
Sector
Bank
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 20 miles north-west of Lincoln, 26 miles south-east of Sheffield, 30 miles north-east of Nottingham
Roads: A1, A57, A620, A638
Rail: Retford Railway Station
Air: East Midlands Airport

Situation

The property is prominently situated on the east side of Market Place, in the heart of the town centre. Nearby occupiers include Aldi, B&M, Boots the Chemist, Superdrug, HSBC, Santander, Costa Coffee, Greggs and JD Wetherspoon.

Tenure

Freehold.

Location

Miles: 20 miles north-west of Lincoln, 26 miles south-east of Sheffield, 30 miles north-east of Nottingham
Roads: A1, A57, A620, A638
Rail: Retford Railway Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises a former banking hall arranged on the ground floor with ancillary/office accommodation on the first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band E

Description

The property comprises a former banking hall arranged on the ground floor with ancillary/office accommodation on the first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band E

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas (Approx sq ft)	Tenant	Term	Rent p.a.x.	Rent Review
Ground First	Banking Hall Ancillary	211.73 77.67	(2,279) (836)	BANK OF SCOTLAND PLC (1) (t/a Halifax)	15 years from 29/12/2016 on a full repairing and insuring lease	£36,400	29/12/2026
Total		289.40	(3,115)			£36,400

(1) For the year ending 31/12/2023, Bank of Scotland Plc reported a turnover of £12,543,000,000, a pre-tax profit of £351,000,000 and a net worth of £16,139,000,000 (www.northrow.com). Please note the tenant is not currently in occupation.

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.