Barclays Bank, 20 -22 Market Place Sleaford Lincolnshire NG34 7SS

Barclays Bank, 20 -22 Market Place
Sleaford
Lincolnshire
NG34 7SS

Freehold Bank Investment

  • Entirely let to Barclays Bank plc until 2026 (subject to options)
  • Prominent corner position in High Street location
  • Nearby occupiers include HSBC, Lloyds TSB, Costa Coffee and Winkworth Estate Agents
  • Lot
    49
  • Auction
    23rd October 2014
  • Rent
    £36,750 per Annum Exclusive
  • Status
    Sold
  • Price
    £425,000
  • Sector
    Bank
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
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* More information on the term "guide" can be found here

Freehold Bank Investment

  • Entirely let to Barclays Bank plc until 2026 (subject to options)
  • Prominent corner position in High Street location
  • Nearby occupiers include HSBC, Lloyds TSB, Costa Coffee and Winkworth Estate Agents
  • Lot 49
  • Auction 23rd October 2014
  • Rent
  • Status Sold
  • Price £425,000
  • Sector
    Bank
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
13 miles north-east of Grantham, 20 miles south of Lincoln
Roads
A15, A17
Rail
Sleaford Railway Station
Air
Birmingham Airport
Situation

Sleaford is a busy market town in Lincolnshire some 17 miles south of Lincoln. The property is situated in the town centre in a prominent position at the corner of Southgate and Market Place. Nearby occupiers include HSBC, Lloyds TSB, Costa Coffee and Winkworth Estate Agents.

Tenure

Freehold.

Location
Miles
13 miles north-east of Grantham, 20 miles south of Lincoln
Roads
A15, A17
Rail
Sleaford Railway Station
Air
Birmingham Airport
Situation

Sleaford is a busy market town in Lincolnshire some 17 miles south of Lincoln. The property is situated in the town centre in a prominent position at the corner of Southgate and Market Place. Nearby occupiers include HSBC, Lloyds TSB, Costa Coffee and Winkworth Estate Agents.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with offices, staff and ancillary accommodation on first and second floors and additional basement accommodation.

Six Week Completion

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.

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 offices, staff and ancillary accommodation on first and second floors and additional basement accommodation.

Six Week Completion

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.

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
First
Second
Banking Hall
Ancillary
Office/Ancillary/Staff
Office/Ancillary/ Staff
174.66 sq m
5.11 sq m
93.83 sq m
65.03 sq m
(1,880 sq ft)
(55 sq ft)
(1,010 sq ft)
(700 sq ft)
BARCLAYS BANK PLC (1) 20 years from 27/04/2006 until 26/04/2026 on a full repairing and insuring lease £36,750 27/04/2016 and 27/04/2021
Totals  
338.63 sq m
(3,645 sq ft)
    £36,750  

(1) For the year ending 31/12/2013, Barclays Bank plc reported pre-tax profits of £2,885,000,000 and a total net worth of £53,264,000,000. (Source: www.riskdisk.com 11/09/2014)
(2)The lease provides a tenant option to determine at the tenth and at the fifteenth anniversaries, subject to six months’ notice.
(3)The lease is subject to a schedule of condition.

Property Documents

  • Catalogue Page
    Updated Date
    01.10.14
    File Size
    595 KB
    View PDF
  • Site Plan
    Updated Date
    01.10.14
    File Size
    66 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
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Solomon Taylor & Shaw Solicitors 3 Coach House Yard, Hampstead High Street
London
NW3 1QF
Barry Shaw 0207 317 8679barry@solts.co.uk

Useful Links

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

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