Barclays Bank 193 High Street Northallerton North Yorkshire, DL7 8LJ

Barclays Bank
193 High Street
Northallerton
North Yorkshire,
DL7 8LJ

Prime Freehold Bank Investment

Entirely let to Barclays Bank UK plc
Tenant in occupation for over 90 years
Approximately 4,532 sq ft plus large site to rear for parking
VAT free investment
Prime trading location in affluent historic market town
Nearby retailers include M&S Foodhall, Tesco Superstore, Superdrug, Boots the Chemist, The Edinburgh Woollen Mill, Joules, Waterstones, Halfords, Greggs and Domino's

Lot
17
Auction
30th March 2023
Rent
£90,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction
On Behalf of Trustees

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Prime Freehold Bank Investment

Entirely let to Barclays Bank UK plc
Tenant in occupation for over 90 years
Approximately 4,532 sq ft plus large site to rear for parking
VAT free investment
Prime trading location in affluent historic market town
Nearby retailers include M&S Foodhall, Tesco Superstore, Superdrug, Boots the Chemist, The Edinburgh Woollen Mill, Joules, Waterstones, Halfords, Greggs and Domino's

Lot 17
Auction 30th March 2023
Rent £90,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
Live Streamed Auction
On Behalf of Trustees

Property Information

Location

Miles: 22 miles south-west of Middlesbrough, 31 miles north-west of York
Roads: A1 (M), A19, A167, A168, A684
Rail: Northallerton Railway Station
Air: Leeds Bradford Airport

Situation

Northallerton lies in the Vale of Mowbray and serves as the county town of North Yorkshire. The property is situated in a prime trading position on the western side of High Street, Northallerton's principal retailing thoroughfare. Nearby retailers include M&S Foodhall, Tesco Superstore, Superdrug, Boots the Chemist, The Edinburgh Woollen Mill, Joules, Waterstones, Halfords, Greggs and Domino's. High Street provides on street car parking for approximately 70 cars.

Tenure

Freehold.

Location

Miles: 22 miles south-west of Middlesbrough, 31 miles north-west of York
Roads: A1 (M), A19, A167, A168, A684
Rail: Northallerton Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a banking hall and ancillary accommodation arranged on the ground floor and basement, with office accommodation arranged on the first and second floors. The property benefits from a large site to the rear with car parking for about 12 cars.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground Basement First Second	Banking Hall Ancillary Offices/Ancillary Ancillary	232.44 18.58 123.56 46.45	(2,502) (200) (1,330) (500)	BARCLAYS BANK UK PLC (1)	15 years from 29/09/2012 (2) on a full repairing and insuring lease	£90,000
Total		421.03	(4,532)			£90,000

(1) For the year ending 31st December 2021, Barclays Bank UK plc reported a turnover of £20,001,000,000, a pre-tax profit of £5,638,000,000 and a net worth of £55,038,000,000 (www.northrow.com).
(2) The property was originally let for a term of 10 years from 29/09/2012 and was subsequently extended for a further five years in September 2022. The lease is subject to a tenant only option to determine on 28/09/2025.

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.