Barclays Bank, 3 Market Place Loughborough Lincolnshire LE11 3EE

Barclays Bank, 3 Market Place
Loughborough
Lincolnshire
LE11 3EE

Freehold Retail Bank Investment

Let to Barclays Bank UK plc on a new 5 year lease (Subject to Option)
Tenant in occupation for over 40 years
Rebased Rent.
Long Term Residential Conversion Potential of Upper Parts (Subject to Consents)
VAT Free Investment
Situated in the Centre of Popular University town
Opposite Primark and adjacent to Vision Express and Superdrug
Nearby Occupiers include Holland & Barrett, Specsavers, Vision Express, Boots, Costa Coffee, Clarks, Waterstones, Caffe Nero and Santander

Lot
34
Auction
15th May 2025
Rent
£45,000 per Annum Exclusive
Status
Available
Guide*
£550,000 - £575,000
Auction Venue
Live Streamed Auction
Octopus Bridging Loan for Buyers

Interested?

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Freehold Retail Bank Investment

Let to Barclays Bank UK plc on a new 5 year lease (Subject to Option)
Tenant in occupation for over 40 years
Rebased Rent.
Long Term Residential Conversion Potential of Upper Parts (Subject to Consents)
VAT Free Investment
Situated in the Centre of Popular University town
Opposite Primark and adjacent to Vision Express and Superdrug
Nearby Occupiers include Holland & Barrett, Specsavers, Vision Express, Boots, Costa Coffee, Clarks, Waterstones, Caffe Nero and Santander

Lot 34
Auction 15th May 2025
Rent £45,000 per Annum Exclusive
Status Available
Guide* £550,000 - £575,000
Sector
Retail, Bank
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 15 miles from Nottingham, 11 miles from Leicester
Roads: A6, A60, A512
Rail: Loughborough Train Station
Air: East Midlands Airport

Situation

The property is situated in prime retailing position on the west side of the pedestrianised Market Place opposite Primark, close to its junction with Swan Street. Other neighbouring occupiers include Holland & Barrett, Specsavers, Vision Express, Boots, Costa Coffee, Clarks, Waterstones, Caffe Nero and Santander.

Tenure

Freehold.

Location

Miles: 15 miles from Nottingham, 11 miles from Leicester
Roads: A6, A60, A512
Rail: Loughborough Train Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The Property comprises banking hall accommodation on the ground floor with ancillary accommodation in the basement, ground, first and second floors. The parts may benefit from long term residential conversion of the upper parts, subject to consents.

VAT

VAT is not applicable to this lot.

EPC

Band E

Description

VAT

VAT is not applicable to this lot.

EPC

Band E

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Reversion
Ground Basement First Second	Retail Ancillary Ancillary Ancillary	138.60 79.60 109.00 116.80	(1,600) (857) (1,173) (1,257)	BARCLAYS BANK UK PLC (CRN :09740322) (1)	5 years from 15/10/2024 (2)	£45,000	14/10/2029
Total Approximate Floor Area		454.00 (3)	(4,887) (3)			£45,000

(1) For the Year Ending 31st December 2023, Barclays Bank UK Plc reported Pre-Tax Profits of £2,671,000,000, Shareholder Funds of £16,861,000,000 and Net Assets of £12,991,000,000., (Source: Barclays Bank UK plc Annual report as Published on Companies House on 23rd April 2025).
(2) The lease provides for a tenant option to determine the lease on 15/10/2027 on serving 6 months written notice.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.tax.service.gov.uk)

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.