Freehold Bank Investment
2 Northgate,
Sleaford,
Lincolnshire,
NG34 7BL
£220,000
22 July 2025
GUIDE PRICE
AUCTION DATE
Freehold Bank Investment Let to Lloyds TSB Bank Plc on a 5 year lease expiring March 2027 Low capital value per square ft on guide price (£41.77 psf) Asset management potential at the end of the lease Significant dilapidations potential - tenant in occupation for nearly 25 years VAT-Free Investment Investment let at £26,000 pa (11.81% on Guide Price) Description This Grade II Listed property is arranged on basement, ground and two upper floors, to provide a ground floor banking hall with basement plant room and staff ancillary office and storage accommodation on the first floor above. The second floor is not presently used.
2 N Gate, NG34 7BL
Guide Price
£220,000
Auction Date
22 Jul 2025
Time
09:00
Lot
587
Venue
Online
Auctioneer
Savills
Savills
33 Margaret Street, London, W1G 0JD
+44 (0) 20 7758 3889
About Savills
Savills is a leading global real estate service provider. As auctioneers with over a century of combined experience and tens of thousands of successful sales, Savills has the expertise to give the right advice for the current market.