Barclays Bank 6 Market Square Waltham Abbey Essex EN9 1DN

  • Barclays Bank<br>6 Market Square<br>Waltham Abbey<br>Essex<br>EN9 1DN

Barclays Bank
6 Market Square
Waltham Abbey
Essex
EN9 1DN

Freehold Bank Investment

  • 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
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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Freehold Bank Investment

  • 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.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Shulmans LLP 10 Wellington Place
Leeds
LS1 4AP
Kieran Wilkinson 0113 2452833kwilkinson@shulmans.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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