Barclays Bank 313 High Street West Bromwich West Midlands B70 8LU

Barclays Bank
313 High Street
West Bromwich
West Midlands
B70 8LU

Freehold Bank and Office Investment

  • Majority let to Barclays Bank Plc until 2026 (subject to option)
  • Offices let to Solicitors
  • Prominent corner position on High Street
  • Close Proximity to the Astle Retail Outlet Park and Kings Square and Queens Square Shopping Centres
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    27
  • Auction
    25th May 2017
  • Rent
    £68,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Photos
  • Map

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

Freehold Bank and Office Investment

  • Majority let to Barclays Bank Plc until 2026 (subject to option)
  • Offices let to Solicitors
  • Prominent corner position on High Street
  • Close Proximity to the Astle Retail Outlet Park and Kings Square and Queens Square Shopping Centres
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 27
  • Auction 25th May 2017
  • Rent
  • Status Withdrawn Prior
  • Price  
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
5 miles north-west of Birmingham City Centre, 8 miles south-east of Wolverhampton
Roads
M5 (Junction 1), M6 (Junction 8)
Rail
Sandwell & Dudley Railway Station
Air
Birmingham Airport
Situation

The property is situated in a prominent corner position on the north side of High Street and at its junction with Lombard Street in the town centre. The property is within close proximity to the Astle Outlet Retail Park whose occupiers include Marks & Spencer, Gap, Nike and Trespass outlets, as well as the Queens Square and Kings quare Shopping Centres. Other neighbouring occupiers iclude TSB, NatWest and HSBC banks.

Tenure

Freehold.

Location
Miles
5 miles north-west of Birmingham City Centre, 8 miles south-east of Wolverhampton
Roads
M5 (Junction 1), M6 (Junction 8)
Rail
Sandwell & Dudley Railway Station
Air
Birmingham Airport
Situation

The property is situated in a prominent corner position on the north side of High Street and at its junction with Lombard Street in the town centre. The property is within close proximity to the Astle Outlet Retail Park whose occupiers include Marks & Spencer, Gap, Nike and Trespass outlets, as well as the Queens Square and Kings quare Shopping Centres. Other neighbouring occupiers iclude TSB, NatWest and HSBC banks.

Tenure

Freehold.

Description

The property, a purpose built banking premises, comprises ground floor banking hall accommodation with ancillary accommodation in the basement and on part of the first floor. The property also comprises separate self-contained office accommodation on the remaining part of the ground and first floors which is accessed from High Street.

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, a purpose built banking premises, comprises ground floor banking hall accommodation with ancillary accommodation in the basement and on part of the first floor. The property also comprises separate self-contained office accommodation on the remaining part of the ground and first floors which is accessed from High Street.

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/(Reversion)
Ground
First
Basement
Banking Hall
Ancillary
Ancillary
405.99 sq m
25.83 sq m
87.89 sq m
(4,370 sq ft)
(278 sq ft)
(946 sq ft)
BARCLAYS BANK
PLC (1)
20 years from 22/06/2006 (2)
£43,000
29/09/2021
(21/06/2026)
Ground
First

Office
Office
43.85 sq m
195.93 sq m
(472 sq ft)
(2,109 sq ft)
INDIVIDUAL t/a
HRS Family Law
Solicitors
10 years from
01/01/2015
£25,000
01/01/2019
01/01/2022
(31/12/2025)
Totals  
759.49 sq m
(8,175 sq ft)
    £68,000
 

(1) For the year ending 31st December 2015, Barclays Bank Plc reported a pre tax profit of £2,841,000,000 and a total net worth of £55,845,000,000 (Source: Experian Group: 25/04/2017)
(2) The lease provides for a tenant option to determine the lease on 21/06/2021.

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    670 KB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    1 MB
    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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Clark Brookes Turner Carey Solicitors 3rd Floor, Guardian House, Cronehills Linkway
West Bromwich
B70 8GS
Neil Mocroft 0121 553 2576neil.mocroft@cbtcsolicitors.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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