22 Station Road Swanage Dorset BH19 1AE

22 Station Road
Swanage
Dorset
BH19 1AE

Town Centre Bank Investment

Let to Barclays Bank plc on a 20 year lease until June 2027 (subject to option)
Prominent corner position in close proximity to the sea front
Nearby occupiers include Budgens Supermarket, W H Smith, Boots, Subway and NatWest Bank
Affluent and popular Dorset tourist town

Lot
39
Auction
9th July 2014
Rent
£23,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Town Centre Bank Investment

Let to Barclays Bank plc on a 20 year lease until June 2027 (subject to option)
Prominent corner position in close proximity to the sea front
Nearby occupiers include Budgens Supermarket, W H Smith, Boots, Subway and NatWest Bank
Affluent and popular Dorset tourist town

Lot 39
Auction 9th July 2014
Rent £23,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 23 miles south of Bournemouth, 52 miles south-west of Southampton, 81 miles south of Bristol
Roads: A35, A354, A37
Rail: Swanage Rail, Wareham (Dorset) Rail
Air: Bournemouth Airport

Situation

The property is situated within Swanage town centre in a prominent corner location on the northern side of Station Road, at its junction with Mermond Place in close proximity to the sea front. Nearby occupiers include Greggs, Boots, NatWest and Subway as well as a number of independent retailers.

Tenure

Virtual Freehold. Held for a term of 999 years from 25th December 2004 at a peppercorn rent.

Location

Miles: 23 miles south of Bournemouth, 52 miles south-west of Southampton, 81 miles south of Bristol
Roads: A35, A354, A37
Rail: Swanage Rail, Wareham (Dorset) Rail
Air: Bournemouth Airport

Situation

Tenure

Virtual Freehold. Held for a term of 999 years from 25th December 2004 at a peppercorn rent.

Description

The property comprises a ground floor banking hall with offices and staff room, forming part of a larger building.

VAT

VAT is not applicable to this lot.

Viewings

There will be a block viewing for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.

EPC

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

Description

The property comprises a ground floor banking hall with offices and staff room, forming part of a larger building.

VAT

VAT is not applicable to this lot.

Viewings

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	Review
Ground	Banking Hall, Offices and Staff Room	128.23 sq m	(1,380 sq ft)	BARCLAYS BANK PLC (1)	20 years from 15/06/2007 until 14/06/2027 (2)	£23,000	25/12/2017 and 25/12/2022
Totals		128.23 sq m	(1,380 sq ft)			£23,000

(1) For the year ending 31st December 2013, Barclays Bank plc reported a pre-tax profit of £2,868,000,000 and a total net worth of £47,700,000,000. (Source: www.riskdisk.com 05/06/2014)
(2)The lease provides for a tenant option to determine on the fifteenth anniversary of the lease.
(3)The floor areas stated were provided by the vendor.