LONG LEASEHOLD INTEREST - BANK BRANCH ONLY
The demise available is a ground floor only unit. The ground floor was previously occupied by customer facing bank branch. A strong room is located on the ground floor to the rear of the site. The unit can only be used for bank branch operation, due to a restrictive lease clause. Tenure The property is held on an existing FRI lease due to expire June 2065 at a passing rent of £7,300 per annum exclusive with no rent reviews contracted before the end of the lease. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment from bank operators only. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £30,750.00 and the rates payable are £14,760.00 pa. The UBR for 2018/2019 is 48.00p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
Property is located in Hemel Hempstead - a large town in Hertfordshire in the East of England, 24 miles northwest of London. It has good road links as it is situated between the M1 and M25. It is 10 miles from Luton and just under 20 miles from Aylesbury. The main retail offering in the town houses well known multiples including Waterstones and Topshop.