Property Brief
Originally the National Provincial Bank, built in 1900, this Grade II-listed property has since been developed into a mixed-use commercial investment opportunity. The property consists of a commercial unit currently let and operating as a food/sports bar (O'Learys) and 8 tenanted apartments.

O'Learys ground floor consists of a main bar standing area, bar servery, raised seating area, male, female and disabled toilets. The first floor includes a functioning commercial kitchen. The bar also includes external space, including a servery area, bar standing area and an external raised courtyard.

A large manager's flat (approx. 108 sq m) is located on the first floor, comprising an entrance hall, living room, dining room, kitchen, bathroom and 2 bedrooms. Dual aspect views looking out onto both Lowgate and Scale Lane.

The second and third floors contain 7 self-contained 1-bed apartments (known as Bank Chambers), all of which are accessible via a single separate entrance. Each apartment comes tenanted and in a good, lettable condition.

Sale Structure
The property will be separated into two individual purchases with two different vendors.

The first vendor owns the freehold for the whole building and controls the commercial unit and manager's flat. This part of the sale makes up £550,000 of the overall listing price.

The leasehold of the 7 apartments, collectively known as Bank Chambers, where sold to the second vendor. This part of the sale makes up £500,000 of the overall listing price. A separate listing for the 7 leasehold apartments can be found below:

https://www.ultralets.co.uk/investors/properties/bank-chambers

Rental Information
Current rent:

Commercial unit - £3,500 pcm
Manager's flat - £450 pcm
Bank Chambers Apt. 1 - £550 pcm
Bank Chambers Apt. 2 - £500 pcm
Bank Chambers Apt. 3 - £500 pcm
Bank Chambers Apt. 4 - £560 pcm
Bank Chambers Apt. 5 - £520 pcm
Bank Chambers Apt. 6 - £525 pcm
Bank Chambers Apt. 7 - £575 pcm

Total rent - £7,680 pcm (£92,160 pa)

Compliance
All units within the building are fully compliant with relevant gas/electric certificates and valid EPCs for each.

Buyer Disclaimer - https://bit.ly/3CzncNu

(Floorplans, EPCs and all other compliance. docs available upon request)

To speak to our in-house Mortgage Advisor, call the office on 01482 562562 and ask to speak to Jack Newton.