Freehold Bank Investment
Freehold Bank Investment
The property occupies a prominent corner position on the south side of pedestrianised High Street in the heart of the town centre, some 35 metres west of The Foundry Shopping Centre and some 200 metres north-west of the Parish Shopping Centre. Nearby occupiers include Boots the Chemist, Specsavers Optician and Primark.
Freehold.
The property occupies a prominent corner position on the south side of pedestrianised High Street in the heart of the town centre, some 35 metres west of The Foundry Shopping Centre and some 200 metres north-west of the Parish Shopping Centre. Nearby occupiers include Boots the Chemist, Specsavers Optician and Primark.
Freehold.
The property comprises a ground floor banking hall with first floor and attic ancillary accommodation.
VAT is not applicable to this lot.
Band D. See legal pack at acuitus.co.uk.
The property comprises a ground floor banking hall with first floor and attic ancillary accommodation.
VAT is not applicable to this lot.
Band D. See legal pack at acuitus.co.uk.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground First Attic |
Banking Hall Ancillary Ancillary |
171.31 sq m 137.59 sq m 26.76 sq m |
(1,844 sq ft) (1,481 sq ft) (288 sq ft) |
BARCLAYS BANK PLC (1) |
20 years from 03/05/2006 on a full repairing and insuring lease (2) |
£50,000 | 02/05/2026 |
| Total |
335.76 sq m |
(3,613 sq ft) |
£50,000 | ||||
(1) For the year ending 31st December 2018, Barclays Bank Plc reported pre-tax profits of £1,286,000,000 and a total net worth of £46,382,000,000 (Source: Experian 07/11/2019).
(2) The May 2021 break clause has been removed in exchange for the rent being rebased. The rent has been rebased from £85,000 p.a.x to £50,000 p.a.x.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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