Ground and lower ground let to Barclays Bank plc until 2027 (subject to option)
Prominent position in affluent London suburb
Nearby occupiers include Ladbrokes, Blockbuster and Greggs
On-site car parking for approximately 7 cars
Six Week Completion Available
Lot 2
Auction 6th December 2012
Rent £20,000 per Annum Exclusive
Status Sold
Price £305,000
Sector Bank
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On the instructions of Joint Fixed Charge Receivers, BNP Paribas
Property Information
Location
Miles
11 miles south of City of London
Roads
A24, A2043
Rail
Worcester Park Rail Station (29 mins to London Waterloo)
Air
London Airports: Heathrow (11 miles), Gatwick (18 miles), City (15 miles)
Situation
The property is situated in a prominent location on the western side of London Road (A24), near its junction with Cheam Common Road/Malden Road (A2043). Nearby occupiers include Ladbrokes, Blockbuster and Greggs.
Tenure
Freehold.
Location
Miles
11 miles south of City of London
Roads
A24, A2043
Rail
Worcester Park Rail Station (29 mins to London Waterloo)
Air
London Airports: Heathrow (11 miles), Gatwick (18 miles), City (15 miles)
Situation
The property is situated in a prominent location on the western side of London Road (A24), near its junction with Cheam Common Road/Malden Road (A2043). Nearby occupiers include Ladbrokes, Blockbuster and Greggs.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with lower ground storage accommodation, and two self-contained residential flats on the first floor. The property benefits from on-site car parking for approximately 7 cars.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars, including VAT, has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with lower ground storage accommodation, and two self-contained residential flats on the first floor. The property benefits from on-site car parking for approximately 7 cars.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars, including VAT, has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/(Reversion)
Ground Ground Lower Ground
Banking Hall/Ancillary Strong Room Storage
160.72 sq m 21.83 sq m 26.47 sq m
(1,730 sq ft) (235 sq ft) (285 sq ft)
BARCLAYS BANK PLC (1)
20 years from 27/03/2007 until 26/03/2027 on a full repairing and insuring lease (2)
£20,000
24/06/2013 and five yearly thereafter
Part First (517A)
Residential Flat
Not Measured
BUSINESS FLATS LIMITED
125 years from 29/09/2004
Peppercorn
(28/09/2129)
Part First (519A)
Residential Flat
Not Measured
AREA ESTATES LIMITED
125 years from 29/09/2004
Peppercorn
(28/09/2129)
Totals
209.02 sq m
(2,250 sq ft)
£20,000
(1) For the year ending 31st December 2011, Barclays Bank plc reported pre-tax profits of £5,974,000,000 and a total net worth of £54,232,000,000. (Source: www.riskdisk.com 29/10/2012) (2)The lease provides a tenant option to determine on the fifteenth anniversary of the term.
Contacts
Seller's Solicitors
Berwin Leighton Paisner LLP Adelaide House London Bridge London EC4R 9HA
