Barclays Bank 25 High Street Coventry West Midlands CV1 5RE

Barclays Bank
25 High Street
Coventry
West Midlands
CV1 5RE

Freehold Bank Investment

Let to Barclays Bank plc until 2026 (subject to option)
Prominent City Centre location
Neighbouring occupiers include Lloyds TSB, Santander, Halifax, Yorkshire Bank, HSBC, NatWest, Cheltenham & Gloucester, Yorkshire Bank and Coventry Building Society
Eight Week Completion

Lot
25
Auction
23rd May 2013
Rent
£215,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Interested?

Expand
Photos
Map

Freehold Bank Investment

Let to Barclays Bank plc until 2026 (subject to option)
Prominent City Centre location
Neighbouring occupiers include Lloyds TSB, Santander, Halifax, Yorkshire Bank, HSBC, NatWest, Cheltenham & Gloucester, Yorkshire Bank and Coventry Building Society
Eight Week Completion

Lot 25
Auction 23rd May 2013
Rent £215,000 per Annum Exclusive
Status Sold Post
Price
Sector
Bank
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 32 km (20 miles) east of Birmingham, 32 km (20 miles) south-west of Leicester
Roads: M6, M42, M40, M25, M1
Rail: Coventry Railway Station
Air: Birmingham International Airport

Situation

The property is situated in a prominent position on the pedestrianised High Street in the centre of the established banking pitch. Neighbouring occupiers include Lloyds TSB, Santander, Halifax, Yorkshire Bank, HSBC, NatWest and Cheltenham & Gloucester Bank. The property is situated to the north of the main pedestrianised retail centre within the city.

Tenure

Freehold.

Location

Miles: 32 km (20 miles) east of Birmingham, 32 km (20 miles) south-west of Leicester
Roads: M6, M42, M40, M25, M1
Rail: Coventry Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with a first floor banking suite, offices and ancillary accommodation on the second floor. The property benefits from suspended ceilings, surface mounted fluorescent lighting and air conditioning. The banking hall has benefited from a recent refurbishment programme.

VAT

VAT is not applicable to this lot.

Viewings

There will only be one viewing date. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Tel: +44 (0)20 7034 4858.

EPC

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

Description

VAT

VAT is not applicable to this lot.

Viewings

There will only be one viewing date. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Tel: +44 (0)20 7034 4858.

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 First Second	Banking Hall/Ancillary Office/Ancillary Office/Ancillary	650.20 sq m 606.7 sq m 554.7 sq m	(6,999 sq ft) (6,531 sq ft) (5,968 sq ft)	BARCLAYS BANK PLC (1)	20 years from 03/08/2006 until 2026 on a full repairing and insuring lease (2)	£215,000	2014 and 2019
Totals		1,811.60 sq m	(19,500 sq ft)			£215,000

(1) For the year ending 31/12/2011, Barclays Bank plc reported pre-tax profits of £28,701,000,000 and a total net worth of £54,232,000,000 and working capital of £794,354,000,000. (Source: www.riskdisk.com 23/04/2013).
(2) The lease is subject to a Schedule of Condition and the tenant has an option to determine the lease on 03/08/2021.