Key Features

  • Freehold Bank Investment
  • Let to Lloyds TSB until 2022
  • Prominent Town Centre Location
  • Prime Retail Pitch
  • Historic Grade II Listed Building
  • Reversionary Development Potential

Description

A freehold bank investment, for sale by private treaty. Let as a whole to Lloyds TSB, on an F.R.I. lease until December 2022.
The property fronts High Street on its northern side, in the heart of the town centre, with close proximity to Market Place and public parking. This is a substantial end of terrace building, with a 3 storey period frontage, dating from the late 18th century. To the rear are 20th century extensions arranged on ground and part first floor. There is pedestrian access along the eastern side of the building to an enclosed rear courtyard.
The whole premises are occupied by Lloyds TSB and as such are arranged as banking premises, comprising a mixture of banking hall, offices, strong room and ancillary accommodation, over 3 floors. Nearby occupiers include Co-Op Pharmacy, Lincolnshire Co-Op, Cooplands Bakers, Herons Foods and Post Office. This is an attractive building which once formed part of the town house of Sir Joseph Banks, botanist, who sailed with James Cook. As such it has 'blue plaque' status.