Let to Barclays Bank Plc until 2028 (subject to option)
Prominent position fronting Market Place
Attractive Essex town immediately north of the M25
Nearby occupiers include Co-operative Food, Lloyds Pharmacy Post Office and Ladbrokes
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 40
Auction 7th July 2016
Rent £18,500 per Annum Exclusive
Status Sold
Price £430,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
15 miles north-east of the City of London
Roads
M25 (Junction 25), M11, A10
Rail
Waltham Cross Railway Station
Air
London Stansted, London Heathrow, London Luton and London City
Situation
Waltham Abbey is an attractive Essex town situated in the Lea Valley, some 15 miles north-east of the City of London. The M25 is some 1.3 miles to the south and Cheshunt and the A10 is some 2 miles to the east. The property is situated in a prominent position fronting Market Square and at the junction of pedestrianised Sun Street and Church Street. The town’s 100 space public car is some 100 metres away. Nearby occupiers include Co-operative Food, Lloyds Pharmacy, Post Office and Ladbrokes.
Tenure
Freehold.
Location
Miles
15 miles north-east of the City of London
Roads
M25 (Junction 25), M11, A10
Rail
Waltham Cross Railway Station
Air
London Stansted, London Heathrow, London Luton and London City
Situation
Waltham Abbey is an attractive Essex town situated in the Lea Valley, some 15 miles north-east of the City of London. The M25 is some 1.3 miles to the south and Cheshunt and the A10 is some 2 miles to the east. The property is situated in a prominent position fronting Market Square and at the junction of pedestrianised Sun Street and Church Street. The town’s 100 space public car is some 100 metres away. Nearby occupiers include Co-operative Food, Lloyds Pharmacy, Post Office and Ladbrokes.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with office and ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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 office and ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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 First
Banking Hall Office/Ancillary
87.96 sq m 34.08 sq m
(947 sq ft) (367 sq ft)
BARCLAYS BANK PLC
20 years from 19/05/2008 until 2028 on a full repairing and insuring lease (3)
£18,500
29/09/2017 and five yearly
Totals
122.04 sq m
(1,314 sq ft)
£18,500
(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 £43,108,000,000 (Source:www.riskdisk.com 01/06/2016). (2) The lease provides for a tenant option to determine the lease on 19/05/2023. (3) The lease is subject to a Schedule of Condition.
