Let to Barclays Bank plc until 2028 (subject to option)
Close proximity to Regents Park
Highly affluent Central London suburb
Neighbouring occupiers include Tesco Express, Starbucks, The Post Office and The Wellington Hospital
Six Week Completion Period Available
Lot 7
Auction 14th February 2013
Rent £138,500 per Annum Exclusive
Status Sold Post
Price
Sector Bank
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
0.4 miles to Regents Park 1.7 miles to Marble Arch/Oxford Street
Roads
A40, A406 (North Circular), A41, M1
Rail
St John’s Wood Underground Station (Jubilee Line)
Air
London Heathrow
Situation
The highly affluent and fashionable North London suburb of St John’s Wood is the home of English Cricket and one of Central London’s most prestigious residential areas, situated between Maida Vale and Primrose Hill just north of Regents Park. The property occupies a prominent corner position at the junction of Circus Road and Wellington Road and is just 200 metres from St John’s Wood Station. Neighbouring occupiers include The Post Office, Tesco Express, Starbucks and The Wellington Hospital.
Tenure
Long Leasehold. Long Leasehold. Held from City of Westminster from 24th June 1954 until 2053
at a fixed ground rent of £450 per annum exclusive.
Location
Miles
0.4 miles to Regents Park 1.7 miles to Marble Arch/Oxford Street
Roads
A40, A406 (North Circular), A41, M1
Rail
St John’s Wood Underground Station (Jubilee Line)
Air
London Heathrow
Situation
The highly affluent and fashionable North London suburb of St John’s Wood is the home of English Cricket and one of Central London’s most prestigious residential areas, situated between Maida Vale and Primrose Hill just north of Regents Park. The property occupies a prominent corner position at the junction of Circus Road and Wellington Road and is just 200 metres from St John’s Wood Station. Neighbouring occupiers include The Post Office, Tesco Express, Starbucks and The Wellington Hospital.
Tenure
Long Leasehold. Long Leasehold. Held from City of Westminster from 24th June 1954 until 2053
at a fixed ground rent of £450 per annum exclusive.
Description
The property comprises a ground floor banking hall with basement ancillary accommodation.
VAT
VAT is not applicable to this lot.
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 basement ancillary accommodation.
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Basement
Banking Hall Ancillary Storage
271.65 sq m 121.10 sq m
(2,923 sq ft) (1,303 sq ft)
BARCLAYS BANK PLC (1)
20 years from 13/03/2008 until 2028 on a fully repairing and insuring lease (2)
£138,500
25/03/2017 and 5 yearly
Totals
392.75 sq m
4,226 sq ft
£138,500
(1) For the year ending 31st December 2011 Barclays Bank plc reported a pre tax profit of £5,974,000,000 and a total net worth of £54,232,000,000. (Source www.riskdisk.com 02/01/2013) (2)The Lease is subject to a tenant only option to determine the lease at the end of the 15th year of the term and to a Schedule of Condition.
