On behalf of Peter Welborn and Nigel Nattress - Joint LPA Receivers
Let to Barclays Bank plc on a new 20 year lease until 2026 (subject to option)
Nearby occupiers include Debenhams Department Store, W H Smith and Lloyds TSB Bank
Prominent High Street location
Lot 36
Auction 8th July 2010
Rent £70,500 per Annum
Status Sold
Price £1,310,000
Sector Bank
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Estimated District Population
56,000
Miles
11 miles west of Dover
16 miles east of Canterbury
58 miles south-east of Central London
Roads
M20
Rail
Folkestone International
Air
Gatwick
Situation
The property is prominently situated on the south side of Sandgate Road, the prime pedestrianised retail thoroughfare in the town. Nearby occupiers include Debenhams Department Store, W H Smith, Superdrug Health & Beauty and Lloyds TSB Bank.
Tenure
Freehold.
Location
Estimated District Population
56,000
Miles
11 miles west of Dover
16 miles east of Canterbury
58 miles south-east of Central London
Roads
M20
Rail
Folkestone International
Air
Gatwick
Situation
The property is prominently situated on the south side of Sandgate Road, the prime pedestrianised retail thoroughfare in the town. Nearby occupiers include Debenhams Department Store, W H Smith, Superdrug Health & Beauty and Lloyds TSB Bank.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors and a substantial basement with ancillary accommodation. 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
VAT
VAT is not applicable to this lot.
Viewings
There will be only one viewing date, interested parties must register their details with the Auctioneers and provide identification on site. Please contact Harry Woolley.Tel: +44 (0)20 7034 4858.Email: harry.woolley@acuitus.co.uk
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 office and ancillary accommodation on the first and second floors and a substantial basement with ancillary accommodation. 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
VAT
VAT is not applicable to this lot.
Viewings
There will be only one viewing date, interested parties must register their details with the Auctioneers and provide identification on site. Please contact Harry Woolley.Tel: +44 (0)20 7034 4858.Email: harry.woolley@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
(1)For the year ending 31st December 2009, Barclays Bank plc reported a turnover of 31,182,000,000, pre-tax profits of 4,559,000,000 and a net worth of 47,130,000,000. (Source: riskdisk.com 10/06/2010) (2)The lease provides for a tenant's option to determine the lease on the 15th anniversary of the term. (3)The lease is subject to a schedule of condition.
