Barclays Bank 313 High Street West Bromwich West Midlands B70 8LU

Barclays Bank
313 High Street
West Bromwich
West Midlands
B70 8LU

Freehold Bank and Office Investment

Majority let to Barclays Bank Plc until 2026 (subject to option)
Offices let to Solicitors
Prominent corner position on High Street
Close Proximity to the Astle Retail Outlet Park and Kings Square and Queens Square Shopping Centres
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
27
Auction
25th May 2017
Rent
£68,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Bank and Office Investment

Majority let to Barclays Bank Plc until 2026 (subject to option)
Offices let to Solicitors
Prominent corner position on High Street
Close Proximity to the Astle Retail Outlet Park and Kings Square and Queens Square Shopping Centres
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 27
Auction 25th May 2017
Rent £68,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 5 miles north-west of Birmingham City Centre, 8 miles south-east of Wolverhampton
Roads: M5 (Junction 1), M6 (Junction 8)
Rail: Sandwell & Dudley Railway Station
Air: Birmingham Airport

Situation

The property is situated in a prominent corner position on the north side of High Street and at its junction with Lombard Street in the town centre. The property is within close proximity to the Astle Outlet Retail Park whose occupiers include Marks & Spencer, Gap, Nike and Trespass outlets, as well as the Queens Square and Kings quare Shopping Centres. Other neighbouring occupiers iclude TSB, NatWest and HSBC banks.

Tenure

Freehold.

Location

Miles: 5 miles north-west of Birmingham City Centre, 8 miles south-east of Wolverhampton
Roads: M5 (Junction 1), M6 (Junction 8)
Rail: Sandwell & Dudley Railway Station
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property, a purpose built banking premises, comprises ground floor banking hall accommodation with ancillary accommodation in the basement and on part of the first floor. The property also comprises separate self-contained office accommodation on the remaining part of the ground and first floors which is accessed from High Street.

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

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	Reviews/(Reversion)
Ground First Basement	Banking Hall Ancillary Ancillary	405.99 sq m 25.83 sq m 87.89 sq m	(4,370 sq ft) (278 sq ft) (946 sq ft)	BARCLAYS BANK PLC (1)	20 years from 22/06/2006 (2)	£43,000	29/09/2021 (21/06/2026)
Ground First	Office Office	43.85 sq m 195.93 sq m	(472 sq ft) (2,109 sq ft)	INDIVIDUAL t/a HRS Family Law Solicitors	10 years from 01/01/2015	£25,000	01/01/2019 01/01/2022 (31/12/2025)
Totals		759.49 sq m	(8,175 sq ft)			£68,000

(1) For the year ending 31st December 2015, Barclays Bank Plc reported a pre tax profit of £2,841,000,000 and a total net worth of £55,845,000,000 (Source: Experian Group: 25/04/2017)
(2) The lease provides for a tenant option to determine the lease on 21/06/2021.