On behalf of Peter Welborn and Nigel Nattress?- Joint LPA Receivers
Entirely let to Barclays Bank plc until 2026 (subject to options)
Nearby occupiers include Somerfield, HSBC and Nationwide
Rent review in 2012
Lot 1
Auction 27th May 2010
Rent £47,800 per Annum
Status Sold
Price £815,000
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Estimated Resident Population
28,670
Miles
15 miles north of Oxford
26 miles south-west of Milton Keynes
60 miles north-west of London
Rail
Bicester North, Bicester Town
Air
London Heathrow
Situation
The property is located in the vibrant Market Square close to the prime pedestrianised retailing pitch.
Tenure
Freehold.
Location
Estimated Resident Population
28,670
Miles
15 miles north of Oxford
26 miles south-west of Milton Keynes
60 miles north-west of London
Rail
Bicester North, Bicester Town
Air
London Heathrow
Situation
The property is located in the vibrant Market Square close to the prime pedestrianised retailing pitch.
Tenure
Freehold.
Description
Grade II Listed building comprising BANKING HALL and OFFICE ACCOMMODATION on ground floor with OFFICES on first floor and STAFF/STORAGE ACCOMMODATION on second floor. VATVAT is not applicable to this lot.NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Grade II Listed building comprising BANKING HALL and OFFICE ACCOMMODATION on ground floor with OFFICES on first floor and STAFF/STORAGE ACCOMMODATION on second floor. VATVAT is not applicable to this lot.NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
(1)For the year ending 31st December 2008 Barclays Bank plc reported a turnover of ?40,983,000,000, pre-tax profits of ?6,035,000,000 and a net worth of ?30,800,000,000. (Source: riskdisk.com 16/04/2010) (2)The lease provides for a tenant option to determine the lease on the 10th and 15th anniversaries of the term. (3)The lease is subject to a schedule of condition.