Nationwide, 3 High Street Glastonbury Somerset BA6 9HE

Nationwide, 3 High Street
Glastonbury
Somerset
BA6 9HE

Freehold Bank Investment

Let to Nationwide Building Society on a new 10 year lease (subject to option)
Prominent position on High Street
Located within an attractive and historic Somerset market town
Nearby occupiers include Oxfam, Boots, William Hill and Co-operative Food

Lot
34
Auction
19th October 2017
Rent
£40,000 per Annum Exclusive
Status
Sold
Price
£595,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

Expand
Photos
Map

Freehold Bank Investment

Let to Nationwide Building Society on a new 10 year lease (subject to option)
Prominent position on High Street
Located within an attractive and historic Somerset market town
Nearby occupiers include Oxfam, Boots, William Hill and Co-operative Food

Lot 34
Auction 19th October 2017
Rent £40,000 per Annum Exclusive
Status Sold
Price £595,000
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 22 miles south of Bristol, 115 miles west of London
Roads: A39, M5 (Junction 23)
Air: Bristol Airport

Situation

Glastonbury is a an attractive and historic Somerset market town some 22 miles south of Bristol. The property occupies a prominent position in the heart of the town centre on the principal retailing pitch, close to its junction with the pedestrianised Market Place. Nearby occupiers include Oxfam, Boots, William Hill and Co-operative Food.

Tenure

Freehold.

Location

Miles: 22 miles south of Bristol, 115 miles west of London
Roads: A39, M5 (Junction 23)
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises an attractive Grade II listed building currently arranged as a ground floor banking hall with office and ancillary accommodation on first and second floors. The property also benefits from basement accommodation which is accessed via a hatch.

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	Review
Ground Basement First Second	Banking Hall Storage Office/ Ancillary Office / Ancillary	140.3 sq m 24.1 sq m 55.6 sq m 46 sq m	(1,510 sq ft) (259 sq ft) (598 sq ft) (495 sq ft)	NATIONWIDE BUILDING SOCIETY (1)	10 years from 01/02/2017 on a full repairing and insuring lease (2)	£40,000	01/02/2021
Total						£40,000

(1) For the year ending 4th April 2017, Nationwide Building Society reported a turnover of £428,000,000, pre-tax profits of £1,279,000,000 and total net worth of £9,739,000,000 (Source: Experian Group 18/09/2017). Nationwide is now the world's largest mutual financial institution, the UK's second largest mortgage provider and one of the UK's largest savings providers, with over 700 branches across the UK (Source: nationwide.co.uk 18/09/2017).
(2) The lease provides a tenant option to determine on 01/02/2021. The lease is FRI subject to the tenant being exempt from undertaking repairs to the stonework of the external walls.