Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
16 miles north-east of Canterbury, 43 miles north-east of Maidstone
Roads
A254, A28
Rail
Margate Railway Station
Air
Manston International Airport
Situation
on the western side of the High Street, the town’s principal retailing thoroughfare. Nearby occupiers include Halifax, New Look, Primark, Costa Coffee and KFC.
Tenure
Freehold.
Location
Miles
16 miles north-east of Canterbury, 43 miles north-east of Maidstone
Roads
A254, A28
Rail
Margate Railway Station
Air
Manston International Airport
Situation
on the western side of the High Street, the town’s principal retailing thoroughfare. Nearby occupiers include Halifax, New Look, Primark, Costa Coffee and KFC.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with basement ancillary accommodation and self-contained office accommodation on the first and second floors.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not 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 Henry Wilkinson.
Telephone: +44 (0)20 7034 4861.
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 basement ancillary accommodation and self-contained office accommodation on the first and second floors.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not 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 Henry Wilkinson.
Telephone: +44 (0)20 7034 4861.
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
Banking Hall/Ancillary Ancillary
137.49 sq m 75.71 sq m
(1,480 sq ft) (815 sq ft)
BARCLAYS BANK PLC (1)
20 years from 22/05/2008 until 21/05/2028 (2)
£37,100
22/05/2018 and 22/05/2023
First Second
Office Office
77.57 sq m 76.64 sq m
(835 sq ft) (825 sq ft)
NATIONAL SCHIZOPHRENIA FELLOWSHIP (3)
Lease expired July 2012 (4)
£6,500
(4)
Totals
367.41 sq m
(3,955 sq ft)
£43,600
1) For the year ending 31st December 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 26/02/2015) (2) The lease provides an option to determine on the fifteenth anniversary of the lease. (3) The National Schizophrenia Fellowship (renamed Rethink Mental Illness) help millions of people affected by mental illness with over 200 mental health services and 150 support groups across England. (Source: www.rethink.org 26/02/2015) (4) The tenant is currently holding over. A new lease expiring 31st March 2018 (subject to options) is in the process of being completed.