139 High Street Gorleston-on-Sea Great Yarmouth Norfolk NR31 6RA

  • 139 High Street<br>Gorleston-on-Sea<br>Great Yarmouth<br>Norfolk<br>NR31 6RA

139 High Street
Gorleston-on-Sea
Great Yarmouth
Norfolk
NR31 6RA

Freehold Bank Investment

  • 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    Withdrawn Post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
     
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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Freehold Bank Investment

  • 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  • Status Withdrawn Post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.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Knapman & Co Dendy House, 16 Dendy Road
Paignton
Devon
TQ4 5DB
Ray Patterson 01803 522 700gail.lander@knapmansolicitor.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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