Barclays Bank 1 The Island Midsomer Norton Bath, Somerset BA3 2HQ

Barclays Bank
1 The Island
Midsomer Norton
Bath, Somerset
BA3 2HQ

Freehold Bank Investment

Let to Barclays Bank Plc until July 2027 (subject to option)
Prominent town centre location
Nearby occupiers include Sainsbury’s Supermarket and branches of NatWest and HSBC banks
Important Rent Review in June 2016
VAT-free investment
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
1
Auction
19th May 2016
Rent
£12,000 per Annum Exclusive
Status
Sold
Price
£242,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Trustees

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Freehold Bank Investment

Let to Barclays Bank Plc until July 2027 (subject to option)
Prominent town centre location
Nearby occupiers include Sainsbury’s Supermarket and branches of NatWest and HSBC banks
Important Rent Review in June 2016
VAT-free investment
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 1
Auction 19th May 2016
Rent £12,000 per Annum Exclusive
Status Sold
Price £242,000
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Trustees

Property Information

Location

Miles: 9 miles south-west of Bath, 14 miles south of Bristol
Road: A37, A46, A362, A367, M6 (Junction 18)
Air: Bristol Airport

Situation

The property is prominently located on the southern side of The Island, close to its junction with Silver Street and High Street, in the heart of the town centre. Nearby occupiers include Sainsbury's Supermarket, Lloyds Pharmacy and branches of NatWest, HSBC
and TSB banks, amongst a number of independent retailers.

Tenure

Freehold.

Location

Miles: 9 miles south-west of Bath, 14 miles south of Bristol
Road: A37, A46, A362, A367, M6 (Junction 18)
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with first floor offices and ancillary accommodation.

Six Week Completion

VAT

VAT 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 first floor offices and ancillary accommodation.

Six Week Completion

VAT

VAT 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	Review
Ground First	Banking Hall/ Ancillary Office/Ancillary	116.59 sq m 49.24 sq m	(1,255 sq ft) (530 sq ft)	BARCLAYS BANK PLC (1)	20 years from 31/07/2007 until 30/07/2027 (2) on a full repairing and insuring lease (3)	£12,000	24/06/2016 and five yearly thereafter
Totals		165.83 sq m	(1,785 sq ft)			£12,000

(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 21/04/2016).
(2) The lease is subject to a tenant option to determine on 30th July 2022.
(3) The lease is FRI subject to a Schedule of Condition.