4 Market Place & 1- 3A High Causeway Whittlesey Peterborough Cambridgeshire PE7 1AF

4 Market Place & 1- 3A High Causeway
Whittlesey
Peterborough
Cambridgeshire
PE7 1AF

Freehold Bank Investment

Let to Barclays Bank plc on a 20 year lease until 2027 (subject to option)
Nearby occupiers include NatWest Bank, Nationwide, Tote Bookmakers and Norwich & Peterborough Building Society
Prominent attractive town centre location

Lot
30
Auction
10th July 2012
Rent
£18,500 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Peter Welborn and Elaine Tooke – Joint LPA Receivers

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Freehold Bank Investment

Let to Barclays Bank plc on a 20 year lease until 2027 (subject to option)
Nearby occupiers include NatWest Bank, Nationwide, Tote Bookmakers and Norwich & Peterborough Building Society
Prominent attractive town centre location

Lot 30
Auction 10th July 2012
Rent £18,500 per Annum Exclusive
Status Sold Prior
Price
Sector
Bank
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Peter Welborn and Elaine Tooke – Joint LPA Receivers

Property Information

Location

Miles: 5 miles east of Peterborough 27 miles north of Cambridge
Roads: A1, A47, A605
Rail: Whittlesey Rail
Air: Stansted Airport

Situation

The property occupies a prominent corner position in the town centre on the north side of Market Place. Nearby occupiers include NatWest, Nationwide, Norwich & Peterborough Building Society and Tote Bookmakers.

Tenure

Freehold.

Location

Miles: 5 miles east of Peterborough 27 miles north of Cambridge
Roads: A1, A47, A605
Rail: Whittlesey Rail
Air: Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall and office with ancillary accommodation on the first floor and a self-contained retail unit at 1 High Causeway.

NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.

Note
Please note we are offering the adjoining property as Lot 24 in the catalogue.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
4 Market Place & 1-3A High Causeway	Ground First	Banking/Office Ancillary	155.98 sq m 54.63 sq m	(1,679 sq ft) (588 sq ft)	BARCLAYS BANKPLC (1)	20 years from 12/01/2007	£18,500	29/09/2013 and 5 yearly
1 High Causeway	Ground and First		66.70 sq m	(718 sq ft)	INDIVIDUAL (4)	999 years (to be granted upon completion)	Peppercorn
Totals			277.31 sq m	(2,985 sq ft)			£18,500

(1) For the year ending 31st December 2011 Barclays Bank plc reported pre-tax profits of £5,974,000,000 and a net worth of £54,232,000,000.(Source: riskdisk.com 18/06/2012)
(2) The tenant has an option to determine the lease at the end of the 15th year and the lease is a full repairing and insuring lease subject to a Schedule of Condition.
(3) As to the 2006 rent review, no notices have been served.