Nearby retailers include McDonald's, Greggs, Holland & Barrett, Wilko, Superdrug and WHSmith
VAT-free investment
Lot 8
Auction 26th March 2020
Rent £48,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Bank
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
Property Information
Location
Miles
16 miles south-east of Colchester
70 miles north-east of Central London
Roads
A133, A120, A12
Rail
Clacton-on-Sea
Air
London Southend
Situation
Clacton-on-Sea is a popular seaside resort on the Essex coast, 16 miles south-east of Colchester and 70 miles north-east of Central London. The property is situated in a prominent and central location on the western side of Station Road, close to its junction with Rosemary Road and High Street. Nearby retailers include McDonald's, Greggs, Holland & Barrett, Wilko, Superdrug and WHSmith.
Tenure
Freehold.
Location
Miles
16 miles south-east of Colchester
70 miles north-east of Central London
Roads
A133, A120, A12
Rail
Clacton-on-Sea
Air
London Southend
Situation
Clacton-on-Sea is a popular seaside resort on the Essex coast, 16 miles south-east of Colchester and 70 miles north-east of Central London. The property is situated in a prominent and central location on the western side of Station Road, close to its junction with Rosemary Road and High Street. Nearby retailers include McDonald's, Greggs, Holland & Barrett, Wilko, Superdrug and WHSmith.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors, forming part only of the branch. The property was comprehensively refurbished in 2008 and benefits from access from the rear.
VAT
VAT is not applicable to this lot.
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors, forming part only of the branch. The property was comprehensively refurbished in 2008 and benefits from access from the rear.
VAT
VAT is not applicable to this lot.
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground First Second
Banking Hall Office/Ancillary Ancillary
154.40 sq m 130.95 sq m 45.35 sq m
(1,662 sq ft) (1,409 sq ft) (488 sq ft)
BARCLAYS BANK PLC (1)
20 years from 14/01/2008 until 13/01/2028 on a full repairing and insuring lease
£48,000
14/01/2023
Total
330.70 sq m
(3,559 sq ft)
£48,000
(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 Group 14/02/2020).
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.
