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Lot 41 Click here for addendum

6 Week completion

SITUATION

Occupying a prominent position at the junction with Stanley Street nearby such multiples as NatWest, William Hill, HSBC and a Post Office, plus a host of established local traders.
Holyhead is the principal commercial centre of the Isle of Anglesey providing regular ferry services to Ireland, with good road access via the A5 and the A55 North Wales Coastal Expressway, some 24 miles west of Bangor.

PROPERTY

An attractive double fronted terraced building comprising a Ground Floor Bank with separate front access to 2 Self-Contained Flats on the first and second floors. In addition, there is a Rear Yard.

ACCOMMODATION

Ground Floor Bank
Gross Frontage 41'4"
Internal Width 38'0" narrowing to 26'6"
Bank Depth 43'11"
Built Depth 83'6"
Banking Hall/Store Area Approx. 2,290 sq ft
Ladies & Gents WCs

First Floor Flat (not inspected)
Believed to be 3 Bedrooms, Living Room, Kitchen, Bath/WC

Second Floor Flat
3 Bedrooms, Living Room, Kitchen, Bath/WC
(GIA Approx. 1,070 sq ft)

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

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 31/12/2015 £31.03bn, Pre-Tax Profit £1.372bn and Shareholders' Funds £46.96bn) for a term of 10 years from 11th May 2012 (in occupation over 20 years) at a current rent of £14,200 per annum exclusive.

Rent Review May 2017

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

5–7 Boston Street, Holyhead, Anglesey LL65 1BS