Freehold Bank Investment
Freehold Bank Investment
Sleaford is a busy market town in Lincolnshire some 17 miles south of Lincoln. The property is situated in the town centre in a prominent position at the corner of Southgate and Market Place. Nearby occupiers include HSBC, Lloyds TSB, Costa Coffee and Winkworth Estate Agents.
Freehold.
Sleaford is a busy market town in Lincolnshire some 17 miles south of Lincoln. The property is situated in the town centre in a prominent position at the corner of Southgate and Market Place. Nearby occupiers include HSBC, Lloyds TSB, Costa Coffee and Winkworth Estate Agents.
Freehold.
The property comprises a ground floor banking hall with offices, staff and ancillary accommodation on first and second floors and additional basement accommodation.
Six Week Completion
VAT is applicable to this lot.
There will be block viewings 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.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor banking hall with offices, staff and ancillary accommodation on first and second floors and additional basement accommodation.
Six Week Completion
VAT is applicable to this lot.
There will be block viewings 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.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Basement First Second |
Banking Hall Ancillary Office/Ancillary/Staff Office/Ancillary/ Staff |
174.66 sq m 5.11 sq m 93.83 sq m 65.03 sq m |
(1,880 sq ft) (55 sq ft) (1,010 sq ft) (700 sq ft) |
BARCLAYS BANK PLC (1) | 20 years from 27/04/2006 until 26/04/2026 on a full repairing and insuring lease | £36,750 | 27/04/2016 and 27/04/2021 |
| Totals | 338.63 sq m |
(3,645 sq ft) |
£36,750 | ||||
(1) For the year ending 31/12/2013, Barclays Bank plc reported pre-tax profits of £2,885,000,000 and a total net worth of £53,264,000,000. (Source: www.riskdisk.com 11/09/2014)
(2)The lease provides a tenant option to determine at the tenth and at the fifteenth anniversaries, subject to six months’ notice.
(3)The lease is subject to a schedule of condition.
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