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25 High Street, Horncastle, Lincolnshire, LN9 5HR

Offers in Excess of 4,235 sq. ft. | £375,000

Property Description

Commercial information

  • 4,235 sq ft (393 sq m)

Key features

  • Let to HSBC Bank Plc -2265 sq. ft.
  • 1870 sq. ft. of offices on upper floors
  • 4 Car parking spaces to the rear
  • Opposite public car park
  • Prominent Town Centre Location
  • Bank have exercised option to leave on 17 June 2018
  • Residential Conversion opportunity

Full description

Tenure: Freehold

ADDRESS: 25 High Street, Horncastle, Lincolnshire, LN9 5HP
Let to HSBC Bank Plc -2265 sq. ft.
1870 sq. ft. of offices on upper floors
4 Car parking spaces to the rear
Prominent Town Centre Location.
Opposite public car park
Bank have exercised option to leave on 17 June 2018
Residential Conversion opportunity
LOCATION
Horncastle is located on the A158 main road between Skegness, 22 miles to the east, and Lincoln 30 miles to the west.
SITUATION
The property, in the town centre, is situated on the south side of High Street close to the junction with Church Lane overlooking a
public car park at Market Place. Occupiers close by include NatWest, Barclays, Co-Op Pharmacy, and Lloyds TSB.
DESCRIPTION
The property is arranged on basement, ground and two upper floors to provide a ground floor banking hall with basement storage.
The self-contained first and second floors, accessed via High Street, provide office accommodation with kitchen and WC.
The property has 4 car parking spaces to the rear
ACCOMMODATION
No 25 Bank : Gross Frontage:40'0'',Shop Depth: 41'11'',Built Depth: 63'11'',Basement: 312 Sq. Ft.,Total 2365 sq. ft.
No 25 A Office: First Floor: 689 Sq. Ft.,Second Floor: 775 Sq. Ft,Total 1870 sq ft
Tenancy:
No 25 Bank: Let to HSBC Bank Plc for 15 years from 17 June 2008 at a current rent of 19,500 p.a.. Rent review every 5th year FR & I subject to a schedule of condition. The lease contains a tenant's option to break on 17 June 2018 and the bank have given notice to leave on this date
No 25 A Office: Let to TJS Online Ltd for 6 years from 12.12.2009 at a current rent of 6375 p.a. IR & I. Reversion with tenant holding over.
RENT: 25875 p.a. TENURE: Freehold VAT IS: Not Applicable
PRICE: Offers in excess of 375,000 - 6.8% Net


More information from this agent

Nearest station

  • Metheringham (12.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

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To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

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Map & Street View

Nearest station

  • Metheringham (12.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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