Barclays Bank 1 The Island Midsomer Norton Bath, Somerset BA3 2HQ

Barclays Bank
1 The Island
Midsomer Norton
Bath, Somerset
BA3 2HQ

Freehold Bank Investment

  • Let to Barclays Bank Plc until July 2027 (subject to option)
  • Prominent town centre location
  • Nearby occupiers include Sainsbury’s Supermarket and branches of NatWest and HSBC banks
  • Important Rent Review in June 2016
  • VAT-free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    1
  • Auction
    19th May 2016
  • Rent
    £12,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £242,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Trustees
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Bank Investment

  • Let to Barclays Bank Plc until July 2027 (subject to option)
  • Prominent town centre location
  • Nearby occupiers include Sainsbury’s Supermarket and branches of NatWest and HSBC banks
  • Important Rent Review in June 2016
  • VAT-free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 1
  • Auction 19th May 2016
  • Rent
  • Status Sold
  • Price £242,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Trustees

Property Information

Location
Miles
9 miles south-west of Bath, 14 miles south of Bristol
Road
A37, A46, A362, A367, M6 (Junction 18)
Air
Bristol Airport
Situation

The property is prominently located on the southern side of The Island, close to its junction with Silver Street and High Street, in the heart of the town centre. Nearby occupiers include Sainsbury's Supermarket, Lloyds Pharmacy and branches of NatWest, HSBC
and TSB banks, amongst a number of independent retailers.

Tenure

Freehold.

Location
Miles
9 miles south-west of Bath, 14 miles south of Bristol
Road
A37, A46, A362, A367, M6 (Junction 18)
Air
Bristol Airport
Situation

The property is prominently located on the southern side of The Island, close to its junction with Silver Street and High Street, in the heart of the town centre. Nearby occupiers include Sainsbury's Supermarket, Lloyds Pharmacy and branches of NatWest, HSBC
and TSB banks, amongst a number of independent retailers.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with first floor offices and ancillary accommodation.

Six Week Completion

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 first floor offices and ancillary accommodation.

Six Week Completion

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 Review
Ground
First
Banking Hall/ Ancillary
Office/Ancillary
116.59 sq m
49.24 sq m
(1,255 sq ft)
(530 sq ft)
BARCLAYS
BANK PLC (1)
20 years from 31/07/2007 until
30/07/2027 (2) on a full
repairing and insuring lease (3)
£12,000 24/06/2016
and five
yearly
thereafter
Totals  
165.83 sq m
(1,785 sq ft)
    £12,000

(1) For the year ending 31st December 2015, Barclays Bank Plc reported pre-tax profits of £2,841,000,000 and a total net worth of £55,845,000,000 (Source: Experian Group 21/04/2016).
(2) The lease is subject to a tenant option to determine on 30th July 2022.
(3) The lease is FRI subject to a Schedule of Condition.

Property Documents

  • Site Plan
    Updated Date
    30.10.19
    File Size
    248 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    726 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
DMH Stallard LLP 1st Floor, Wonersh House, The Guildway, Old Portsmouth Road
Guildford
Surrey
GU3 1LR
Christabella Kagoma 01483 467 439christabella.kagoma@dmhstallard.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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