Virtual Freehold Bank Investment
Virtual Freehold Bank Investment
The property is situated on the main retail street in the heart of the attractive market town of Cockermouth. The town is a popular tourist destination within close proximity to the Lake District.
Virtual Freehold. Held on two leases, one held for a term of 1,000 years from 1796 and the other held for a term of 800 years from 1987.
The property is situated on the main retail street in the heart of the attractive market town of Cockermouth. The town is a popular tourist destination within close proximity to the Lake District.
Virtual Freehold. Held on two leases, one held for a term of 1,000 years from 1796 and the other held for a term of 800 years from 1987.
The property is an attractive period building comprising of a ground floor banking hall and ancillary accommodation on the first and second floors.
VAT is not applicable to this lot.
There will only be one viewing date. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore (020 7034 4858).
The EPC will be available to view online in the solicitor’s legal pack.
The property is an attractive period building comprising of a ground floor banking hall and ancillary accommodation on the first and second floors.
VAT is not applicable to this lot.
There will only be one viewing date. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore (020 7034 4858).
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First Second |
Banking Hall Ancillary Ancillary |
115.76 sq m 53.55 sq m 64.19 sq m |
(1,246 sq ft) (576 sq ft) (691 sq ft) |
BARCLAYS BANK PLC (1) | 20 years from 17/07/2007 on a full repairing and insuring lease (2) |
£21,800 |
29/09/2014 29/09/2019 |
| Totals | 233.50 sq m |
(2,513 sq ft) |
£21,800 | ||||
(1) For the year ending 31st December 2012, Barclays Bank plc reported a pre-tax profit of £99,000,000 and a net worth of £52,063,000,000. (Source: www.riskdisk.com 12/06/2013)
(2)The lease provides for a tenant option to determine the lease on 29th September 2022 and is subject to a schedule of condition.
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