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
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.
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)
(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.
