Freehold Retail Investment
Freehold Retail Investment
The property is located on the north side of the High Street (A4020) which is Acton's main retailing thoroughfare.
Freehold.
The property is located on the north side of the High Street (A4020) which is Acton's main retailing thoroughfare.
Freehold.
The property comprises an attractive corner building with GROUND FLOOR BANKING HALL, BASEMENT STORAGE and ANCILLARY ACCOMMODATION on the upper two floors. VAT is not applicable to this lot.NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises an attractive corner building with GROUND FLOOR BANKING HALL, BASEMENT STORAGE and ANCILLARY ACCOMMODATION on the upper two floors. VAT is not applicable to this lot.NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Basement First Second Third |
Banking Hall Ancillary Ancillary Ancillary Ancillary |
127.1 sq m |
(1,368.1 sq ft) (658.8 sq ft) (1,062.4 sq ft) (942.9 sq ft) (595.3 sq ft) |
BARCLAYS BANK PLC (1) | 20 years from 06/03/2007 to 2027 on a full repairing and insuring lease (2)(3) |
£42,600 | 29/09/2014 and 5 yearly |
| Totals | 429.9 sq m |
(4,627.5 sq ft) |
£42,600 | ||||
(1) For the year ending 31st December 2008 Barclays Bank plc reported a turnover of ?40,983,000,000, pre-tax profits of ?6,035,000,000 and a net worth of ?30,800,000,000 (Source: riskdisk.com 16/04/2010) (2) The lease provides for a tenant option to determine the lease on the 10th and 15th anniversary of the term. (3) The lease is subject to a schedule of condition.
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