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Lloyds Bank, Staines, Greater London


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73/75 High Street, Staines, TW18 4PP

Basic Facts

Status: Type: Tenure: Freehold Gross Rent: £ 159,000
Lease Term: 15 yrs from Jun '10 Area: 4999 sq ft VAT applicable: Yes Years left on Lease: 6
  • Freehold prime high street bank investment.
  • The building comprises a three storey terraced property accessed from High Street with servicing and vehicular access from the rear.
  • The property is arranged as a retail/banking hall on ground floor with strong room and storage areas in the basement and a mixture of open plan and cellular offices/ancillary accommodation on the first and second floors.
  • Large property with area of 4,999 sq ft.

Additional Information

Location Description:
  • Staines is a popular commuter town and office location in the affluent Thames Valley area with an urban resident population of around 50,000 people.
  • It is located approximately 27.6 km (17 miles) south west of Central London and 6.4 km (4 miles) south west of Heathrow Airport.
  • It benefits from excellent road communications, lying just off the A30 and A308 trunk roads with junction 13 of the M25 motorway nearby.
  • The property is located in the heart of the town centre in a prime location on High Street and is situated between Debenhams, which remains Staines’ only department store, and the primary entrances to both shopping schemes.
Notes:
  • The property is let to Lloyds TSB Bank Plc for a term of 15 years from 16th June 2010, subject to an open market rent review in 2015 and 2020 and a tenant’s option to break on 16th June 2022 subject to 6 months notice.
  • The current passing rent is £159,000 per annum.
  • Lloyds TSB Bank Plc is a subsidiary of Lloyds TSB Group PLC, following the merger of Lloyds TSB and Halifax banking group HBOS. The combined group, with around 145,000 staff and 3,000 branches, controls almost a third of UK’s mortgages and is the largest bank network in the UK.
  • The UK government owns 43.4% of Lloyds Banking Group, whilst 36% is owned by Lloyds TSB shareholders and 20% by HBOS shareholders. For the financial year to 31st December 2009, Lloyds TSB Bank Plc reported a Turnover of £29.145 bn, a Net Worth of £11.199 bn and Shareholders’ Funds of £13.42 bn.

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