18 North End Bedale North Yorkshire DL8 1AD

18 North End
Bedale
North Yorkshire
DL8 1AD

Freehold Bank and Office Investment

Predominantly let to Barclays Bank plc until 2027 (subject to option)
Part let on renewed lease to accountants (in occupation since at least 2002)
Nearby occupiers include Co-operative Food, Post Office and Tesco Express
Affluent and attractive North Yorkshire market town
VAT-free Investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
1
Auction
26th March 2015
Rent
£32,200 per Annum Exclusive
Status
Sold
Price
£400,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Bank and Office Investment

Predominantly let to Barclays Bank plc until 2027 (subject to option)
Part let on renewed lease to accountants (in occupation since at least 2002)
Nearby occupiers include Co-operative Food, Post Office and Tesco Express
Affluent and attractive North Yorkshire market town
VAT-free Investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 1
Auction 26th March 2015
Rent £32,200 per Annum Exclusive
Status Sold
Price £400,000
Sector
Bank
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 7 miles south-west of Northallerton, 12 miles north of Ripon
Roads: A1, A684
Rail: Northallerton Railway Station
Air: Durham Tees International Airport

Situation

The property is situated in a prominent trading position on North End close to its junction with The Wynd in the centre of Bedale, an affluent and attractive North Yorkshire market town. Nearby occupiers include Co-operative Food, The Post Office, Tesco Express and several independent retailers.

Tenure

Freehold.

Location

Miles: 7 miles south-west of Northallerton, 12 miles north of Ripon
Roads: A1, A684
Rail: Northallerton Railway Station
Air: Durham Tees International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with self-contained office accommodation on the first and second floors, accessed from the front of the property. The property benefits from a garage and garden to the rear.

Six Week Completion

Buyer's Legal 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 block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore.
Tel: +44 (0)20 7034 4858.

EPC

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

Description

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/(Reversion)
Ground	Banking Hall/Ancillary	196.48 sq m	(2,115 sq ft)	BARCLAYS BANK PLC (1)	20 years from 30/04/2007 (2)	£18,000	25/03/2016 (30/04/2027)
First Second	Office Office	69.67 sq m 79.42 sq m	(750 sq ft) (855 sq ft)	STREAMLINE ACCOUNTANTS LTD (t/a GMC Business Accountants) (3)	8 years from 01/05/2014	£14,000 rising to £16,000 in May 2016	30/04/2022
Rear Yard	Electricity Substation	–	(–)	NORTHERN ELECTRICITY	25 years from 01/01/1995	£200	(31/12/2019)
Totals		345.57 sq m	(3,720 sq ft)			£32,200

(1) For the year ending 31st December 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 24/02/2015).
(2)The lease is subject to a tenant only break option in May 2022.
(3)GMC Accountants were established in 1994 and have been in occupation of this property since at least 2002.