55 Market Place Richmond North Yorkshire DL10 4JH

55 Market Place
Richmond
North Yorkshire
DL10 4JH

Freehold Bank Investment

Let to Barclays Bank UK Plc
5 year lease renewal from November 2017 (subject to option)
Tenant in occupation for over 25 years
Large site to rear with car parking for about 10 cars
Prominent corner location with nearby occupiers including WHSmith, Boots the Chemist, Edinburgh Woollen Mill, Co-operative supermarket, Costa and Greggs
VAT-free Bank Investment

Lot
2
Auction
18th October 2018
Rent
£31,140 per Annum
Status
Sold Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Bank Investment

Let to Barclays Bank UK Plc
5 year lease renewal from November 2017 (subject to option)
Tenant in occupation for over 25 years
Large site to rear with car parking for about 10 cars
Prominent corner location with nearby occupiers including WHSmith, Boots the Chemist, Edinburgh Woollen Mill, Co-operative supermarket, Costa and Greggs
VAT-free Bank Investment

Lot 2
Auction 18th October 2018
Rent £31,140 per Annum
Status Sold Post
Price
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 28 miles north of Harrogate, 43 miles north of Leeds
Roads: A6108, A1(M)
Air: Leeds/Bradford Airport

Situation

The property is situated in a prominent corner position fronting Market Place and Millgate, in the heart of Richmond town centre. Other occupiers on Market Place include WHSmith, Boots the Chemist, a Co-operative supermarket, Edinburgh Woollen Mill, Costa, Greggs and branches of NatWest and HSBC banks.

Tenure

Freehold.

Location

Miles: 28 miles north of Harrogate, 43 miles north of Leeds
Roads: A6108, A1(M)
Air: Leeds/Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a Grade II listed bank with a ground floor banking hall and office accommodation on the first and second floors. In addition, the property benefits from 10 car parking spaces to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second	Banking Hall/Ancillary Offices Offices	209.40 sq m 154.80 sq m 103.90 sq m	(2,254 sq ft) (1,666 sq ft) (1,118 sq ft)	BARCLAYS BANK UK PLC (1)	5 years from 14/11/2017 (2) on a full repairing and insuring lease	£31,140
Total		468.10 sq m	(5,038 sq ft)			£31,140

(1) For the year ending 31st December 2017, Barclays Bank UK Plc reported pre-tax profits of £14,060,000 and a total net worth of £159,269,000 (Source: Experian Group 12/06/2018).
(2) The lease provides for a tenant option to determine on 14th November 2020. If the tenant break option is not exercised, the tenant will benefit from a two month rent-free period.