branch banks

[aussie ken]

It has been my experience, with the exception of the vault, nearly all bank fixtures are essentially obsolete at the end of the banks occupany. There are some tenants that will use the vault and even some that may use the drive up facility, but like the others, it has not been my experience that these features are attributable to higher rents. Tenants desireing these features will look for them which may lessen the lease up time .. but it is very doubtful they will pay more for the features above what they could lease comparable space for without the features.

Locally here in Australia the Banks di-vested themselves of hundreds of old and less desirable bank premises in the late 1980/90s by sale and lease back auctions ..........with high out of line leasing generally in place for up to 10 yr periods..............premium prices were paid at auctions and new owners proudly received these PROFIT rentals being paid in isolated township and less desirable suburban locales............inevitably at the end of the leases the banks vacated..........and many owners then found out the hard truth that rental rates for these specialised premises were generally well LESS than conventional open plan commercial premises.

 

[murray stroupe]

Branch Bank -12 month deal

Locally here in Australia the Banks di-vested themselves of hundreds of old and less desirable bank premises in the late 1980/90s by sale and lease back auctions ..........with high out of line leasing generally in place for up to 10 yr periods..............premium prices were paid at auctions and new owners proudly received these PROFIT rentals being paid in isolated township and less desirable suburban locales............inevitably at the end of the leases the banks vacated..........and many owners then found out the hard truth that rental rates for these specialised premises were generally well LESS than conventional open plan commercial premises.

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I still hope someone posts the old link to branch banks;
remember a Mississippi appraiser wrote some thing real interesting.Think his name was Ramon Tate, but i remember his picture, sort of it -was that cartoon chicken-foghorn leghorn. Funny but true.

About the most strangest branch bank i ever saw in my life was a branch about 50 miles from home office in West TN.It was a nice mobile home[or MH], on main street about 1.5 miles from police station.

Always wondered if a thief would rip /truck the whole thing off;
of course they never did.Bank built a nice , solid permanent brick building about 12 months later,named Merchant & Planters or Merchant & Farmers Bank.