Prime Freehold Bank Investment
Prime Freehold Bank Investment
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 WH Smith.
Freehold.
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 WH Smith.
Freehold.
The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors. The adjoining property occupied by the same tenant is in separate ownership.
VAT is not applicable to this lot.
Six Week Completion
Available from the legal pack at acuitus.co.uk
The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors. The adjoining property occupied by the same tenant is in separate ownership.
VAT is not applicable to this lot.
Six Week Completion
Available from the legal pack at acuitus.co.uk
| 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 (2) |
£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).
(2) The lease is full repairing and insuring, subject to a schedule of condition.
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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