Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
5 miles east of Peterborough. 27 miles north of Cambridge
Roads
A1, A47, A605
Air
Whittlesey Railway Station
Rail
London Stansted Airport
Situation
The property is situated in a prominent corner location in the town centre on the north side of Market Place fronting pedestrianised High Causeway and Market Street. Nearby occupiers include NatWest Bank, Nationwide and Norwich & Peterborough Building Society.
Tenure
Freehold.
Location
Miles
5 miles east of Peterborough. 27 miles north of Cambridge
Roads
A1, A47, A605
Air
Whittlesey Railway Station
Rail
London Stansted Airport
Situation
The property is situated in a prominent corner location in the town centre on the north side of Market Place fronting pedestrianised High Causeway and Market Street. Nearby occupiers include NatWest Bank, Nationwide and Norwich & Peterborough Building Society.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with ancillary accommodation on the first floor and a self-contained retail unit comprising retail accommodation on the ground floor and ancillary accommodation on the first floor.
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 a single 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.
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 ancillary accommodation on the first floor and a self-contained retail unit comprising retail accommodation on the ground floor and ancillary accommodation on the first floor.
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 a single 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.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review/(Reversion)
4 Market Place & 1-3A High Causeway
Ground First
Banking Hall/Ancillary Ancillary
155.98 sq m 54.63 sq m
(1,679 sq ft) (588 sq ft)
BARCLAYS BANK PLC (1)
20 years from 12/01/2007 (2)
£18,500
29/09/2018 29/09/2023 (28/09/2027)
1 High Causeway
Ground First
Retail Ancillary
33.63 sq m 33.07 sq m
(362 sq ft) (356 sq ft)
TLC RUS LTD
5 years from 01/08/2010
£7,250
25/12/2016 (31/07/2015)
Totals
277.31 sq m
(2,985 sq ft)
£25,750
(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 26/02/2015). (2)The lease provides for a tenant option to determine at the end of the 15th year and the lease is a full repairing and insuring lease subject to a Schedule of Condition.
