Let to Barclays Bank Plc until 2026 (subject to option)
Nearby occupiers include Boots the Chemist, WH Smith, Costa Coffee, Fat Face, Superdrug, Caffé Nero, Pizza Express and JD Wetherspoon
Highly affluent Surrey market town
VAT free bank investment
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 11
Auction 8th December 2016
Status Sold
Price £1,230,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
4 miles south-west of Guildford, 30 miles south-west of Central London
Roads
A3, A31, M25 (Junction 10)
Rail
Godalming Railway Station
Air
London Heathrow Airport
Situation
The property is located on the southern side of High Street, close to its junction with Church Street, in an excellent trading location in the heart of Godalming town centre. Nearby occupiers include Boots the Chemist, WH Smith, Costa Coffee, Fat Face, Superdrug, Caffé Nero, Pizza Express, JD Wetherspoon and branches of Lloyds, Santander, HSBC and Halifax banks. South Street (approximately 90 space) and Mint Street (approximately 33 space) car parks are both located nearby.
Tenure
Freehold.
Location
Miles
4 miles south-west of Guildford, 30 miles south-west of Central London
Roads
A3, A31, M25 (Junction 10)
Rail
Godalming Railway Station
Air
London Heathrow Airport
Situation
The property is located on the southern side of High Street, close to its junction with Church Street, in an excellent trading location in the heart of Godalming town centre. Nearby occupiers include Boots the Chemist, WH Smith, Costa Coffee, Fat Face, Superdrug, Caffé Nero, Pizza Express, JD Wetherspoon and branches of Lloyds, Santander, HSBC and Halifax banks. South Street (approximately 90 space) and Mint Street (approximately 33 space) car parks are both located nearby.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with office/ancillary accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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/ancillary accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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 Office/Ancillary Office/Ancillary
180.78 sq m 78.78 sq m 44.87 sq m
(1,946 sq ft) (848 sq ft) (483 sq ft)
BARCLAYS BANK PLC (1)
20 years from 22/03/2006 until 21/03/2026 (2) on a full repairing and insuring lease (3)
£57,600
25/03/2018 25/03/2023
Totals
304.43 sq m
(3,277 sq ft)
£57,600
(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 25/10/2016). (2) The lease is subject to a tenant break option on 21/03/2021 subject to 6 months prior written notice. (3) The lease is subject to a Schedule of Condition.