October 2021: Tuesday 05 October 2021 - 9:00am
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • Freehold bank investment
    • Let to National Westminster Bank Plc
    • Currently producing £79,000 per annum
    • Prime pedestrianised town centre location
    • Popular Surrey commuter town
    • Long term potential for conversion of part first and second floors subject to consents and possession

    Description

    A purpose built retail premises arranged as a ground floor banking hall, lower ground floor stores / ancillary, with offices/staff room and WC's over part first and part second floors

    Additional information

    Tenure

    Freehold

    Accommodation

    (Approximate areas)

    Ground Floor - Banking hall, 359 sq m (3,875 sq ft)

    Part First Floor - W/c's, 60 sq m (645 sq ft)

    Part Second Floor - Staff room, 58 sq m (624 sq ft)

    Remaining part of first and second floors have been converted to flats and sold on a 999 year lease

    Tenancy

    Let to National Westminster Bank Plc on a 10 year lease from 05/12/2012, the bank have been in inoccupation for over 20 years.

    The remaining part of the upper floors has been converted to flats and sold off on a 999 year lease from 16/01/2014 at a peppercorn ground rent.

    Rent

    £79,000 per annum

    Notes

    For the year ending 31st December 2020 National Westminster Bank Plc reported a sales turnover of £11.2bn, pre tax profit of £1.2bn and a net worth of £18.6bn (Dunn & Bradstreet)

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Located within the popular commuter town of Redhill which lies some 19 miles south of Central London, 2 miles east of Reigate and 8 miles north of Crawley.

      Situated in a busy pedestrianised location on the northern side of Station Road within the towns principle retail area, opposite the Belfrey Shopping Centre.

      Other nearby occupiers include Greggs, Boots, Nationwide, Betfred, Costa and Lloyds Bank

      Redhill Station provides a frequent service to London Victoria and Gatwick.

      Transport

      Redhill Station - National Rail

      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums