LOT 40 - Edinburgh

28-30 Hanover Street, Edinburgh, Midlothian, EH2 2DS

Attractive Heritable City Centre Bank Investment

Sold Prior

Key Features
  • Entirely let to TSB Bank Plc until December 2026 (No Breaks)
  • Tenant break option in 2021 NOT exercised
  • City Centre position between Princes Street and George Street
  • Category A Listed building extending to 14,477sq ft
  • Future alternative use potential (subject to consents)
  • VAT is not applicable
  • Six Week Completion Available

Current Rent Reserved
£290,000 p.a.
Tenure

Heritable


A Major UK Fund Manager
Location
  • Edinburgh is the capital city of Scotland and its principle, financial and administrative centre situated on the southern shore of the Firth of Forth.
  • The city benefits from strong road communications being served by the M8 and M9 motorways from the west, M90 from the north and the A1/A7 from the south
  • Edinburgh Station is within 500m of the property and provides direct services to London and all major regional and Scottish centres
  • The property is situated on the west side of Hanover Street at its junction with Rose Street, some 75 metres from both Princes Streeet & George Street, and within Edinburgh New Town conservation area
  • Occupiers close by include a mix of traditional retail and leisure occupiers including Santander, JD Sports, Pret A Manger, Hard Rock Cafe, Starbucks, JoJo Maman Bebe & Oliver Bonas amongst many others
  • Edinburgh International Airport is located 8 miles to the west of the city centre and easily accessible by road, tram and bus from the city centre. It is the fifth largest airport in the UK.
Additional Information
  • The Tenant has been in occupation since 1996.
  • The property benefits from a lift serving the ground, mezzanine and first floors.
  • The ground floor comprises a banking hall with 2 ATMs whilst the mezzanine level provides a conference area overlooking the banking hall, and ancillary accommodation.
  • The first and second floors provide office and staff accommodation.
  • The property is within the Edinburgh New Town conservation area.
Planning
The property may lend itself to a variety of alternative uses and redevelopment, subject to obtaining all the necessary consents.  The first and second floors are arranged around a large central lightwell
All enquiries should be made with the local authority:
The City of Edinburgh Council: https://www.edinburgh.gov.uk/ 
VAT

VAT is not applicable to this lot.

Additional Charges
  • Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
Contacts
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Important notice - Pre-registration approval to bid, guide prices, reserves, additional charges and other matters

Pre-registration approval to bid Allsop now require all bidders who wish to bid at our Auctions to register beforehand. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given. Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without consent (for which a charge might be made). Guide Prices 1. A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price. 2. Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure. 3. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you should check the website regularly for updates and on the day of the auction. 4. All guide prices are quoted "subject to contract". 5. Please note the guide price for the Lot does not include: - any Buyers' Fee charged by the auctioneers; - VAT on the sale price; - SDLT or any other Government taxes; - additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers. 6. If a guide price is listed as "TBA", it means no guide price has been set at present. Please do not call our office about this - the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction. Reserve Prices 7. The reserve price is the minimum price at which the Lot can be sold. 8. Whilst every effort is made to ensure that the advertised guide prices are up-to-date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction. Buyers' fees, Seller's fees and additional charges 9. For each Lot, a Buyers' Fee is payable on the fall of the hammer to Allsop LLP as follows: Residential Auctions - Lots sold for £10,000 or more: Buyers' Fee of £1,500 inclusive of VAT - Lots sold for less than £10,000: Buyers' Fee of £300 inclusive of VAT Commercial Auctions - All Lots: Buyers Fee £1,000 inclusive of VAT 10. Additional charges and fees might be charged by the seller and/or other third parties . You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts. 11. VAT may be chargeable in addition to the sale price for the Lot. The Lot Particulars and/or the Special Conditions of Sale will indicate whether VAT applies. Other Matters 12. Please note that Lots may be sold or withdrawn at any time prior to auction. 13. Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer's Fee may each be varied from the standard amounts quoted. Please refer to the addendum, the Particulars and/or the conditions of sale. 14. Street trader plans are reproduced with the consent of Experian Goad Limited. Experian Goad Digital Plans include mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty's Stationery Office. © Crown Copyright and Experian Copyright. All rights reserved. Licence number PU 100017316. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty's Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020 15. The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing. The Auctioneers do not warrant or represent that any plans or photographs show the up to date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.