Runcorn is situated in northern Cheshire, some 12 miles north-east of Chester and close to the M56.
The town has a population of 65,000.
The subject property is situated on High Street, opposite HSBC Bank, Cheshire Building Society, Halifax Estate Agents and in a section of the High Street popular with other A1 and A3 use
This extensive property is arranged on ground and first floor levels to provide a banking hall with self-contained office floor above. The ground floor is currently undergoing a full refurbishment.
The first floor is predominantly occupied by Crime Reduction Initiatives, a sub-tenant of Lloyds. The remaining first floor space is occupied by Lloyds and is accessed from via a stairwell within the ground floor accommodation.
The first floor accommodation provides mainly cellular offices and treatment rooms to the rear. The front section of the offices is open plan and includes a reception area and a meeting room. There is a separate kitchen and toilet facilities.
The first floor accommodation benefits from suspended ceilings, CAT II lighting, wall mounted radiators, a server room, burglar and panic alarms, smoke detectors and fire alarms.
The ground floor bank has not been inspected.
Ground Floor 268m2 2880ft2
First Floor 247m2 2659ft2
Total 515m2 5539ft2
Approx. gross internal floor area.
We understand the property has mains gas, electricity, water and drainage.
The premises have a current rateable value of £16,000.
Rates payable 2015 / 2016 are approximately £7,888.
Viewing by Appointment
To view this property, please contact John Pye Property – firstname.lastname@example.org – 0115 970 6060
75 High Street
✓ Blue chip tenant
✓ Currently let to Lloyds Bank
✓ Rental income £33,000 pa
✓ Reflects 6% yield
✓ Reversionary income
✓ 10 year lease from 2012
✓ 7 years remaining
✓ No break clause
✓ Rent review in December 2016
✓ G.F. undergoing refurbishment
✓ Prominent roadside frontage
✓ Close to town centre
Richard Reed, RICS
Phone: 0115 970 6060
Our reference PR039