Barclays Bank 4 Cairo Street Warrington Cheshire WA1 1XG

Barclays Bank
4 Cairo Street
Warrington
Cheshire
WA1 1XG

Freehold Bank Investment

Entirely let to Barclays Bank plc for a term of 40 years expiring 2024
Town Centre location at the corner of pedestrianised Sankey Street and the entrance to Golden Square Shopping Centre
Nearby occupiers include Marks & Spencer, NatWest, Specsavers and Poundland
The tenant also occupies the adjacent property

Lot
26
Auction
13th February 2014
Rent
£30,000 per Annum Exclusive
Status
Sold
Price
£360,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of The Co-operative Estates

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Freehold Bank Investment

Entirely let to Barclays Bank plc for a term of 40 years expiring 2024
Town Centre location at the corner of pedestrianised Sankey Street and the entrance to Golden Square Shopping Centre
Nearby occupiers include Marks & Spencer, NatWest, Specsavers and Poundland
The tenant also occupies the adjacent property

Lot 26
Auction 13th February 2014
Rent £30,000 per Annum Exclusive
Status Sold
Price £360,000
Sector
Bank
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of The Co-operative Estates

Property Information

Situation

The property is situated on the eastern side of Cairo Street close to its junction with Sankey Street, Warrington’s principal retail thoroughfare. The property benefits from being situated opposite the entrance to the Golden Square Shopping Centre and from
nearby occupiers including Marks & Spencer, NatWest, Specsavers and Poundland.

Tenure

Freehold. Miles: 17 miles west of Manchester, 18 miles east of Liverpool Roads: M6 (Junction 21), M56 (Junction 10), M62 (Junction 9) Rail: Warrington Central Air: Manchester International Airport

Situation

Tenure

Freehold. Miles: 17 miles west of Manchester, 18 miles east of Liverpool Roads: M6 (Junction 21), M56 (Junction 10), M62 (Junction 9) Rail: Warrington Central Air: Manchester International Airport

VAT

VAT is applicable to this lot.

Viewings

There will only be one viewing date. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises an attractive period building which interconnects with the adjacent property also occupied by the tenant. The ground floor comprises a banking hall and office area with ancillary office accommodation on first and second floors.

VAT

VAT is applicable to this lot.

Viewings

There will only be one viewing date. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First Second	Retail/Ancillary Office Office	119.10 sq m 126.25 sq m 116.50 sq m	(1,282 sq ft) (1,359 sq ft) (1,254 sq ft)	BARCLAYS BANK PLC (1)	40 years from 25/12/1984 until 2024 on a full repairing and insuring lease	£30,000	25/12/2014 25/12/2019
Totals		361.85 sq m	(3,895 sq ft)			£30,000

(1) For the year ending 31st December 2012, Barclays Bank plc reported a pre-tax profit of £99,000,000 and a net worth of £52,063,000,000. (Source: www.riskdisk.com 15/01/2014)