64 - 66 High Street Margate Kent CT9 1EB

  • 64 - 66 High Street<br>Margate<br>Kent<br>CT9 1EB

64 - 66 High Street
Margate
Kent
CT9 1EB

Freehold Bank and Office Investment

  • Majority let to Barclays Bank plc until 2028 (subject to option)
  • High Street Location in Margate town centre
  • Future redevelopment potential (subject to consents)
  • Nearby occupiers include Halifax, New Look, Primark, Costa Coffee and KFC
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    32
  • Auction
    26th March 2015
  • Rent
    £43,600 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Bank and Office Investment

  • Majority let to Barclays Bank plc until 2028 (subject to option)
  • High Street Location in Margate town centre
  • Future redevelopment potential (subject to consents)
  • Nearby occupiers include Halifax, New Look, Primark, Costa Coffee and KFC
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 32
  • Auction 26th March 2015
  • Rent £43,600 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
16 miles north-east of Canterbury, 43 miles north-east of Maidstone
Roads
A254, A28
Rail
Margate Railway Station
Air
Manston International Airport
Situation

on the western side of the High Street, the town’s principal retailing thoroughfare. Nearby occupiers include Halifax, New Look, Primark, Costa Coffee and KFC.

Tenure

Freehold.

Location
Miles
16 miles north-east of Canterbury, 43 miles north-east of Maidstone
Roads
A254, A28
Rail
Margate Railway Station
Air
Manston International Airport
Situation

on the western side of the High Street, the town’s principal retailing thoroughfare. Nearby occupiers include Halifax, New Look, Primark, Costa Coffee and KFC.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with basement ancillary accommodation and self-contained office accommodation on the first and second floors.

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 Henry Wilkinson.
Telephone: +44 (0)20 7034 4861.

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 basement ancillary accommodation and self-contained office accommodation on the first and second floors.

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 Henry Wilkinson.
Telephone: +44 (0)20 7034 4861.

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 Reviews
Ground
Basement		 Banking Hall/Ancillary
Ancillary
137.49 sq m
75.71 sq m
(1,480 sq ft)
(815 sq ft)
 BARCLAYS BANK PLC (1) 20 years from 22/05/2008 until 21/05/2028 (2) £37,100 22/05/2018
and
22/05/2023
First
Second 		Office
Office
77.57 sq m
76.64 sq m
(835 sq ft)
(825 sq ft)
 NATIONAL SCHIZOPHRENIA FELLOWSHIP (3) Lease expired July 2012 (4) £6,500 (4)
Totals  
367.41 sq m
(3,955 sq ft)
     £43,600

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 26/02/2015)
(2) The lease provides an option to determine on the fifteenth anniversary of the lease.
(3) The National Schizophrenia Fellowship (renamed Rethink Mental Illness) help millions of people affected by mental illness with over 200 mental health services and 150 support groups across England. (Source: www.rethink.org 26/02/2015)
(4) The tenant is currently holding over. A new lease expiring 31st March 2018 (subject to options) is in the process of being completed.

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Elliots Bond & Banbury Shaftesbury House, , 49-51 Uxbridge Road, , Ealing
London
W5 5SA
John Ferguson 020 8567 0176johnferg@eb-b.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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