Attractive building let to Barclays Bank Plc until 2027 (subject to option)
Prominent position in town centre on pedestrianised thoroughfare
Within a short walk of Britannia Shopping Centre
Other nearby occupiers include Yorkshire Bank, Coral Betting, NatWest, HSBC and Clarks
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 21
Auction 19th May 2016
Rent £30,000 per Annum Exclusive
Status Sold
Price £490,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
13 miles south-west of Leicester, 4 miles north-east of Nuneaton
Roads
A47, M69, A50
Rail
Hinckley Rail
Air
Birmingham International Airport
Situation
The property is situated within Hinckley town centre, in a highly prominent and busy pedestrianised location, fronting both The Borough and Market Place at its junction with Castle Street. Castle Street is the town’s prime retailing thoroughfare and is home to The Britannia Shopping Centre which houses occupiers including Wilko, Boots, Greggs and New Look. Other nearby occupiers include Yorkshire Bank, Coral Betting, NatWest, HSBC and Clarks.
Tenure
Freehold.
Location
Miles
13 miles south-west of Leicester, 4 miles north-east of Nuneaton
Roads
A47, M69, A50
Rail
Hinckley Rail
Air
Birmingham International Airport
Situation
The property is situated within Hinckley town centre, in a highly prominent and busy pedestrianised location, fronting both The Borough and Market Place at its junction with Castle Street. Castle Street is the town’s prime retailing thoroughfare and is home to The Britannia Shopping Centre which houses occupiers including Wilko, Boots, Greggs and New Look. Other nearby occupiers include Yorkshire Bank, Coral Betting, NatWest, HSBC and Clarks.
Tenure
Freehold.
Description
The property comprises a prominent and attractive corner building providing a ground floor banking hall with ancillary accommodation on basement, first and second floors.
Six Week Completion
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 Georgina Roberts. Telephone: +44 (0)20 7034 4863.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a prominent and attractive corner building providing a ground floor banking hall with ancillary accommodation on basement, first and second floors.
Six Week Completion
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 Georgina Roberts. Telephone: +44 (0)20 7034 4863.
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
Review (Reversion)
Ground Basement First Second
Banking Hall Ancillary Ancillary Ancillary
105.44 sq m 51.38 sq m 90.39 sq m 10.96 sq m
(1,135 sq ft) (553 sq ft) (973 sq ft) (118 sq ft)
BARCLAYS BANK PLC (1)
20 years from 22/06/2007 on a full repairing and insuring lease (2)
£30,000
29/09/2013 (3) and five yearly (21/06/2027)
Total
258.17 sq m
(2,779 sq ft)
£30,000
(1) For the year ending 31st December 2015, Barclays Bank Plc reported pre-tax profits of £2,841,000,000 and a total net worth of £55,845,000,000. (Source: Experian Group 18/04/2016) (2) The lease provides an option to determine on 22/06/2022, subject to 6 months’ notice. The lease is subject to a schedule of condition. (3) The outstanding 2013 rent review is due to be documented imminently at nil increase. Please see legal pack.
Contacts
Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP 1 South Quay, Victoria Quays Sheffield S2 5SY
