Lot 9 details
6 Week completion
Located adjacent to William Hill and only approx. 100 yards from the junction with High Street which houses a variety of multiple retailers including Costa Coffee, Superdrug, Martins and a Post Office.
Newport Pagnell lies approx. 5 miles north of Milton Keynes and 55 miles north-west of London benefitting from good road access to the M1 (Junction 14) some 2 miles to the south.
Forming part of a parade comprising a Ground Floor Double Bank with internal access to Ancillary Space on part first floor and separate rear access to a Self-Contained Flat on part first floor. In addition, the property benefits from use of a rear service road.
Ground Floor Double Bank
Gross Frontage 39'4"
Internal Width 38'4"
Built Depth 37'11"
Area Approx. 930 sq ft²
First Floor Ancillary (Above No. 7)
Area Approx. 495 sq ft²
First Floor Flat (Above No. 9)
2 Bedrooms, Living Room, Kitchen, Bathroom/WC
¹Not inspected by Barnett Ross
²Areas from VOA.
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Lloyds Bank Plc (having approx. 1,300 branches) (T/O for Y/E 31/12/15 £31.03bn, Pre-Tax Profit £1.37bn and Shareholders' Funds £46.96bn) for a term of 5 years from 17th August 2015 (renewal of a previous lease) at a current rent of £28,500 per annum exclusive.
Tenant's Break August 2018 (Tenant pays a rent penalty of £7,125 if Break is operated).
Note 1: The Tenant sublets the flat on an AST.