22 Bridge Street Blyth Northumberland NE24 2BW

  • 22 Bridge Street<br>Blyth<br>Northumberland<br>NE24 2BW

22 Bridge Street
Blyth
Northumberland
NE24 2BW

Freehold Bank Investment

  • Let to Barclays Bank Plc
  • Lease expires April 2028 (subject to option)
  • Prominent town centre location opposite Blyth Bus Station and close to Keel Row Shopping Centre
  • Nearby occupiers include Poundstretcher, New Look and HSBC Bank
  • VAT-free bank investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    54
  • Auction
    11th February 2016
  • Rent
    £21,800 per Annum Exclusive
  • Status
    Sold
  • Price
    £315,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Bank Investment

  • Let to Barclays Bank Plc
  • Lease expires April 2028 (subject to option)
  • Prominent town centre location opposite Blyth Bus Station and close to Keel Row Shopping Centre
  • Nearby occupiers include Poundstretcher, New Look and HSBC Bank
  • VAT-free bank investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 54
  • Auction 11th February 2016
  • Rent £21,800 per Annum Exclusive
  • Status Sold
  • Price £315,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
16 miles north of Newcastle-upon-Tyne
31 miles north of Durham
Roads
A189, A193
Air
Newcastle Airport
Situation

The property is situated on the southern side of Bridge Street, at its junction with Stanley Street. Keel Row Shopping Centre is located close by housing occupiers including Holland & Barrett, WH Smith, Superdrug, New Look and Dorothy Perkins. Other nearby occupiers include Burton, Greggs, Poundstretcher and HSBC, Lloyds, Santander and Halifax Banks.

Tenure

Freehold.

Location
Miles
16 miles north of Newcastle-upon-Tyne
31 miles north of Durham
Roads
A189, A193
Air
Newcastle Airport
Situation

The property is situated on the southern side of Bridge Street, at its junction with Stanley Street. Keel Row Shopping Centre is located close by housing occupiers including Holland & Barrett, WH Smith, Superdrug, New Look and Dorothy Perkins. Other nearby occupiers include Burton, Greggs, Poundstretcher and HSBC, Lloyds, Santander and Halifax Banks.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation on the first floor 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 a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact George Watkins. Email: george.watkins@acuitus.co.uk

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 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 a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact George Watkins. Email: george.watkins@acuitus.co.uk

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/(Reversion)
Ground
First
Second 		Banking Hall/Ancillary
Ancillary/Offices
Ancillary
136.00 sq m
85.70 sq m
42.60 sq m
1,464 sq ft)
(922 sq ft)
(459 sq ft)
 BARCLAYS
BANK PLC
(1)		 20 years from
16/04/2008 (2) on a full
repairing and insuring
lease (3)		 £21,800 16/04/2017
16/04/2022
(15/04/2028)
Totals  
264.30 sq m
(2,845 sq ft)
     £21,800

(1) For the year ending 31st December 2014, Barclays Bank Plc reported pre-tax profits of £2,309,000,000 and a total net worth of £55,576,000,000. (Source: Experian Group 14/01/2016)
(2) The lease provides for a tenant option to determine on 16/04/2023.
(3) The property is held on a full repairing and insuring lease subject to a schedule of condition.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Sintons LLP The Cube, Barrack Road
Newcastle - upon - Tyne
NE4 6DB
Alok Loomba 0191 226 7843alok.loomba@sintons.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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