Barclays Bank 18-19 Fleet Street London City of London EC4P 4DR

Barclays Bank
18-19 Fleet Street
London
City of London
EC4P 4DR

Freehold Bank Investment

On behalf of Barclays
Let to Barclays Bank plc on a new 20 year lease from completion until 2030 (subject to option)
Highly prominent location in Central London
Nearby occupiers include HSBC, Royal Bank of Scotland and Coutts and Co

Lot
5
Auction
27th May 2010
Rent
£94,000 per Annum
Status
Sold
Price
£2,270,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Bank Investment

On behalf of Barclays
Let to Barclays Bank plc on a new 20 year lease from completion until 2030 (subject to option)
Highly prominent location in Central London
Nearby occupiers include HSBC, Royal Bank of Scotland and Coutts and Co

Lot 5
Auction 27th May 2010
Rent £94,000 per Annum
Status Sold
Price £2,270,000
Sector
Bank
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

100 metres from Royal Courts of Justice; 1.0 mile east of Covent Garden; Within City of London boundary
Rail: Temple Tube Station, Blackfriars Railway Station
Air: London City Airport

Situation

The property is prominently situated on Fleet Street near its junction with Chancery Lane. Nearby occupiers include HSBC, Royal Bank of Scotland and Coutts and Co. Temple Underground Station is located approximately 400 metres from the property.

Tenure

Freehold.

Location

100 metres from Royal Courts of Justice; 1.0 mile east of Covent Garden; Within City of London boundary
Rail: Temple Tube Station, Blackfriars Railway Station
Air: London City Airport

Situation

Tenure

Freehold.

Description

The property comprises a GROUND FLOOR BANKING HALL with BASEMENT STORAGE ACCOMMODATION. In addition there are SIX SELF-CONTAINED FLATS on first to fourth floors. VATVAT is not applicable to this lot.

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 STORAGE ACCOMMODATION. In addition there are SIX SELF-CONTAINED FLATS on first to fourth floors. VATVAT is not applicable to this lot.

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	Rent/Review
Ground Basement	Banking Hall Offices Storage	157.0 sq m 127.8 sq m 126.0 sq m	(1,691 sq ft) (1,376 sq ft) (1,356 sq ft)	BARCLAYS BANK PLC (1)	20 years from completion on a full repairing and insuring lease (2)	£94,000	5 yearly (3)
First-Fourth	Residential (5 Flats) Office Use (1 Flat)		INDIVIDUALS	125 years from 29/09/1997 and 25/12/2006 (4)	Peppercorn
Total Commercial Floor Area		410.8 sq m	(4,423 sq ft)

Floor

Use

Floor Areas (Approx)

Tenant

Term

Rent p.a.x

Rent/Review

Ground

Basement

Banking Hall
Offices
Storage

157.0 sq m
127.8 sq m
126.0 sq m

(1,691 sq ft) (1,376 sq ft) (1,356 sq ft)

BARCLAYS BANK PLC (1)

20 years from completion on a full repairing and insuring lease (2)

£94,000

5 yearly (3)

First-Fourth

Residential (5 Flats) Office Use (1 Flat)

INDIVIDUALS

125 years from 29/09/1997 and 25/12/2006 (4)

Peppercorn

Total Commercial Floor Area

410.8 sq m

(4,423 sq ft)

(1) For the year ending 31st December 2009, Barclays Bank plc reported a turnover of ?40,800,000,000, pre-tax profits of ?4,585,000,000 and a total net worth of ?38,482,000,000. (Source: www.riskdisk.com) (2) Please note the lease is subject to a schedule of condition. (3) Barclays Bank plc has an option to determine the lease at the end of the fifteenth year of the term. (4) The upper floor accommodation has been let on six separate leases, five of which run until 28th September 2122 with the final lease running until 24th December 2131.