Freehold Commercial Investment – Banking Hub, Bude, Cornwall

Asking Price: £169,950 Freehold
Current Rent: £12,000 per annum
Headline Gross Yield: 7%
Tenant: Cash Access UK Limited
Location: 1 The Depot, Lansdown Road, Bude, Cornwall, EX23 8BN

Investment Opportunity

Bizionary is pleased to offer for sale the freehold interest in this modern ground-floor commercial premises in Bude, Cornwall, currently occupied and trading as the town's Banking Hub.

The property is let to Cash Access UK Limited, the organisation responsible for operating Banking Hubs across the UK. The documentation supplied confirms Cash Access UK Limited as the tenant of the ground-floor shop at 1 The Depot, Lansdown Road, Bude.

The property produces a current rental income of £12,000 per annum, providing an attractive 7% headline gross yield based on the £169,950 asking price.

This represents an opportunity to acquire a fully let commercial investment with an established institutional-style occupier, rather than taking on the letting risk, void periods and fit-out costs associated with purchasing a vacant commercial unit.

Key Investment Highlights

• Freehold commercial investment
• Asking price: £169,950
• £12,000 annual rental income
• 7% headline gross yield
• 15-year lease
• Tenant: Cash Access UK Limited
• Currently operating as the Bude Banking Hub
• RPI-linked rent review provisions
• Modern, professionally fitted commercial premises
• Significant tenant investment into the Banking Hub fit-out
• Prominent ground-floor position
• Located in the established coastal town of Bude, North Cornwall
• Potentially suitable for private investors, pension/SIPP investors and commercial property investors, subject to individual eligibility and professional advice

The Tenant

The property is operated as a Banking Hub, providing face-to-face banking facilities and services to the local community.

The tenant has undertaken a substantial specialist fit-out of the premises. The Licence for Alterations grants the tenant rights to install equipment, associated conducting media and access the relevant equipment areas for repair, maintenance and renewal.

The resulting premises are presented to a high modern standard and have clearly been specifically adapted for the tenant's ongoing Banking Hub operation.

Lease

The property is understood to be held under a 15-year commercial lease at a current passing rent of £12,000 per annum.

The lease is understood to incorporate RPI-linked rent review provisions, providing the potential for rental growth during the term.

There is understood to be a tenant break option at year five.

Full lease documentation will be made available to genuinely interested parties as part of the due-diligence process.

The Licence for Alterations supplied confirms that the underlying lease was entered into in 2025 and identifies the demised premises as the ground-floor shop, 1 The Depot, Lansdown Road, Bude, EX23 8BN.

Rental Income & Yield

The current passing rent is:

£12,000 per annum

At the asking price of £169,950, this represents a headline gross initial yield of approximately:

7%

This provides an investor with an immediate income stream from completion, subject to the existing lease.

The Property

The investment comprises a modern ground-floor commercial unit forming part of a contemporary mixed-use building.

The Banking Hub has been professionally fitted to provide customer-facing banking facilities and includes a modern reception/banking counter, customer waiting area, consultation facilities, security systems, commercial lighting, flooring and associated staff/operational areas.

The photographs demonstrate a particularly high standard of tenant fit-out, with modern Banking Hub branding and customer facilities.

The Licence for Alterations also records specific provisions relating to the tenant's fit-out works and equipment. The tenant is responsible for maintaining its equipment in good working order and replacing equipment where it is beyond economic repair.

The licence further provides that the tenant will not be required to reinstate the replacement shopfront/entrance works at the end of the lease, meaning those particular improvements remain with the premises.

Location

The property occupies a ground-floor position at:

1 The Depot
Lansdown Road
Bude
Cornwall
EX23 8BN

Bude is one of North Cornwall's principal coastal towns, serving both its permanent local population and a substantial seasonal visitor market.

The Banking Hub provides an important physical banking presence within the town following the wider reduction in traditional high-street bank branches.

The premises are readily identifiable as a Banking Hub and benefit from a modern glazed frontage and prominent signage.

Investment Rationale

The property may particularly appeal to investors seeking a relatively straightforward commercial property investment with an existing income stream.

Unlike the acquisition of a vacant shop, the property is already occupied, professionally fitted and income-producing.

At £169,950, the £12,000 passing rent provides an attractive 7% gross yield, with the additional benefit of the underlying freehold interest in the property.

The combination of a long-form commercial lease, Banking Hub use, specialist tenant fit-out and RPI-linked review provisions makes this an unusual opportunity within the smaller commercial investment market.

The property is offered for sale as an investment subject to the existing tenancy.

The sale will therefore include the freehold interest together with the benefit of the existing lease and rental income.

Further Information & Viewings

Further information, including lease documentation and supporting legal information, can be made available to interested parties following an initial enquiry.

As the property is currently occupied and operational as a Banking Hub, please do not approach the tenant or staff directly.

All enquiries and viewing requests should be made through Bizionary.

Strictly confidential – viewing by prior appointment only.