Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment part-let to TSB Bank Plc on a new lease at a rebased rent.
Arranged across basement, ground, first and second floors, the majority of the property is let to TSB Bank Plc, with the exception of two residential flats which are sold off on a long leasehold basis and are located to the side of the property on the first and second floors.
Whilst TSB have been in occupation for a number of years, a new lease was agreed 25/01/2023 for a term of five years at a rebased rent of £22,660 per annum.
The property forms part of the principal retail area of Ledbury and enjoys a prominent frontage to the busy street. The area has low vacancy with a mix of local and national occupiers, including Onestop and Boots Opticians.
Tenure
Freehold
Tenancy
The majority of the property is let to TSB Bank Plc for a term of five years expiring 24/01/2028 and paying a rent of £22,660 per annum.
We understand the lease is on full repairing and insuring terms, and includes a tenants break option 25/01/2026.
The upper parts include two residential flats which are sold off on a long leasehold basis for a term of 125 years from 31/01/2008 and paying a peppercorn rent.
Rent