193 High Street
Northallerton
North Yorkshire
DL7 8LJ

Prime Freehold Bank Investment

  • Let to Barclays Bank Plc
  • Tenant in occupation for over 80 years (branch refurbished in 2014)
  • First time on the market since 1999
  • September 2017 Rent Review Outstanding
  • Approximately 4,532 sq ft
  • Prime trading location in attractive and affluent North Yorkshire market town - close to WHSmith, Boots the Chemist, Waterstones, Fat Face, Pandora and Betty's Tea Room
  • VAT-free bank investment
  • Lot
    30
  • Auction
    07/Dec/2017
  • Rent
    £90,000 per Annum
  • Status
    Sold
  • Price*
    £1,510,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 193 High Street<br>Northallerton<br>North Yorkshire<br>DL7 8LJ
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Property Information

Location
Miles
24 miles north of Harrogate, 31 miles north-west of York
Roads
A19, A167, A168, A1(M)
Rail
Northallerton Railway Station
Air
Leeds Bradford Airport
Situation

Northallerton lies in the Vale of Mowbray and serves as the county town of North Yorkshire. The property is situated in a prime trading position on the western side of High Street, Northallerton's principal retailing thoroughfare. Nearby occupiers include WHSmith, Superdrug, Boots the Chemist, Costa, Pandora, Fat Face, Caffè Nero and Superdrug. High Street provides car parking for over 70 cars.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation on the basement and second floors and offices and customer meeting rooms on the first floor. There is car parking for 12 cars to the rear, used by Barclays customers.

VAT

VAT is not applicable to this lot.

Viewings

There will be a block viewing for this property on Wednesday 29th November at 11am. Interested parties must register their details with the Auctioneers by Friday 24th November. Please contact George Watkins. Telephone: +44 (0)20 7034 4861.

Completion Period

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 advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
Basement
First
Second
Banking Hall
Ancillary
Meetings Rooms/Offices
Staff/Ancillary
232.44 sq m
18.58 sq m
123.56 sq m
46.45 sq m
(2,502 sq ft)
(200 sq ft)
(1,330 sq ft)
(500 sq ft)
BARCLAYS
BANK PLC (1)
10 years from
29/09/2012 until
28/09/2022 on a
full repairing
and insuring
lease
£90,00029/09/2017
Totals
421.03 sq m
(4,532 sq ft)
  £90,000 

(1) For the year ending 31st December 2016, Barclays Bank Plc reported pre-tax profits of £4,383,000,000 and a total net worth of £60,085,000,000 (Source: Experian Group 02/11/2017).

Property Documents

  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    14.11.17
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 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
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Associate Auctioneers
Lawson Hubbard Lowe 8 Park Place
Leeds
Yorkshire
LS1 2RU
Adrian Lowe 0113 243 4771adrianl@l-h-l.com
Seller's Solicitors
Simmons Stein & Co Compass House, Pynnacles Close
Stanmore
HA7 4AF
Gary Simmons 0208 954 8080gary@simmons-stein.co.uk

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