Barclays Bank The Borough Hinckley Leicestershire LE10 1NR

Barclays Bank
The Borough
Hinckley
Leicestershire
LE10 1NR

Freehold Bank Investment

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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Bank Investment

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

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

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.