Barclays Bank, 129 Brent Street Hendon London NW4 2DX

Barclays Bank, 129 Brent Street
Hendon
London
NW4 2DX

Freehold Bank Investment in Popular North West London Suburb

Majority let to Barclays Bank Plc
Lease expires June 2027 (subject to option)
Branch refurbished in 2016
Rent agreed at 2019 Rent Review
Nearby occupiers include Tesco, Royal Mail postal sorting office, William Hill and Paddy Power
VAT-free investment in affluent North West London suburb between Golders Green and Mill Hill

Lot
2
Auction
12th February 2020
Rent
£33,000 per Annum Exclusive
Status
Sold
Price
£705,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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Freehold Bank Investment in Popular North West London Suburb

Majority let to Barclays Bank Plc
Lease expires June 2027 (subject to option)
Branch refurbished in 2016
Rent agreed at 2019 Rent Review
Nearby occupiers include Tesco, Royal Mail postal sorting office, William Hill and Paddy Power
VAT-free investment in affluent North West London suburb between Golders Green and Mill Hill

Lot 2
Auction 12th February 2020
Rent £33,000 per Annum Exclusive
Status Sold
Price £705,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

Property Information

Location

Miles: 8 miles north-west of Central London
Roads: A1, A41, A406 (North Circular), M1
Rail: Hendon Central (Northern Line),; Hendon (Thameslink)
Air: London Heathrow, London Luton

Situation

Hendon is an affluent North West London suburb located between Golders Green and Mill Hill, approximately 8 miles north-west of Central London. Hendon benefits from excellent road and tube links with the A41 (Hendon Way) providing access to both Junctions 1 and 2 of the M1 as well as to the adjacent A406 (North Circular Road). Hendon Central Tube Station (Northern Line) is situated within half a mile of the property, and provides easy access to Central London and The City. The property is located on Brent Street at its junction with Brampton Grove, one of Hendon's finest residential roads. Nearby occupiers include Tesco, Royal Mail, William Hill, Paddy Power and a number of independent retailers.

Tenure

Freehold.

Location

Miles: 8 miles north-west of Central London
Roads: A1, A41, A406 (North Circular), M1
Rail: Hendon Central (Northern Line),; Hendon (Thameslink)
Air: London Heathrow, London Luton

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation on basement and part first floors. The remaining part first and entire second floor comprise self-contained residential flats let on long leases. The property benefits from car parking to the rear of the building.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Description

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Floor	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground Basement Part First	Banking Hall Ancillary Kitchen/WC	129.13 sq m 45.52 sq m 24.99 sq m	(1,390 sq ft) (490 sq ft) (269 sq ft)	BARCLAYS BANK PLC (1)	20 years from 20/06/2007 (2)	£33,000	29/09/2024
Part First	Residential	-	(-)	INDIVIDUAL	125 years from 29/12/2004	Peppercorn	-
Second	Residential	-	(-)	TWINSECTRA LIMITED	125 years from 29/09/2004	Peppercorn	-
Total Commercial Area		199.64 sq m	(2,149 sq ft)			£33,000

(1) For the year ending 31st December 2018, Barclays Bank Plc reported a pre-tax profit of £1,286,000,000 and a total net worth of £46,382,000,000 (source: Experian Group 17/01/2020).
(2) The lease provides for a tenant option to determine the lease on 20/06/2022.

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.