27 Station Road Clacton-on-Sea Essex CO15 1TD

27 Station Road
Clacton-on-Sea
Essex
CO15 1TD

Prime Freehold Bank Investment

Let to Barclays Bank Plc
Lease expires January 2028 (no breaks)
2023 tenant break option removed
Approximately 330.70 sq m (3,559 sq ft)
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Withdrawn Prior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
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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Prime Freehold Bank Investment

Let to Barclays Bank Plc
Lease expires January 2028 (no breaks)
2023 tenant break option removed
Approximately 330.70 sq m (3,559 sq ft)
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Status Withdrawn Prior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

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

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.