Let to Barclays Bank plc until 2026 (subject to option)
Prominent town centre location
VAT-free bank investment
Nearby occupiers include Morrisons and Iceland Supermarkets, Boots the Chemist, New Look, Superdrug and branches of the major banks
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>
Lot 24
Auction 11th December 2014
Rent £32,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
4 miles south of Great Yarmouth
8 miles north of Lowestoft
22 miles east of Norwich
Roads
A12, A143, A47
Rail
Great Yarmouth Railway Station
Air
Norwich International Airport
Situation
The property is situated in a prominent corner position on the west side of the High Street at its junction with Palmer Road in the heart of the town centre. Nearby occupiers include Morrisons and Iceland Supermarkets, Boots the Chemist, New Look, Superdrug, The Post Office and branches of HSBC, NatWest and Lloyds Banks.
Tenure
Freehold.
Location
Miles
4 miles south of Great Yarmouth
8 miles north of Lowestoft
22 miles east of Norwich
Roads
A12, A143, A47
Rail
Great Yarmouth Railway Station
Air
Norwich International Airport
Situation
The property is situated in a prominent corner position on the west side of the High Street at its junction with Palmer Road in the heart of the town centre. Nearby occupiers include Morrisons and Iceland Supermarkets, Boots the Chemist, New Look, Superdrug, The Post Office and branches of HSBC, NatWest and Lloyds Banks.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with office and ancillary accommodation on the first floor. The property benefits from a rear yard with car parking for approximately three cars.
Six Week Completion
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
Viewings
There will be one block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Telephone: +44 (0)20 7034 4858. Email: will.moore@acuitus.co.uk
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 office and ancillary accommodation on the first floor. The property benefits from a rear yard with car parking for approximately three cars.
Six Week Completion
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
Viewings
There will be one block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Telephone: +44 (0)20 7034 4858. Email: will.moore@acuitus.co.uk
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 First
Banking Hall/Ancillary Office/Ancillary
218.50 sq m 79.99 sq m
(2,352 sq ft) (861 sq ft)
BARCLAYS BANK PLC (1)
20 years from 14/06/2006 (2) until 2026 on a full repairing and insuring lease (3)
£32,500
25/03/2018 and 25/03/2023
Totals
298.49 sq m
(3,213 sq ft)
£32,500
(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 31/10/2014). (2)The lease provides for a tenant option to determine the lease in June 2021. (3)The lease is subject to a Schedule of Condition.
