36 Market Square
Bicester
Oxfordshire
OX26 6AQ

Freehold Bank Investment

  • 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
    27/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
  • 36 Market Square, Bicester, Oxfordshire, OX26 6AQ
  • Expand
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* More information on the term "price" can be found here

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.

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) Tenant Term Rent p.a.x Rent/Review
Ground
First
Second
Banking Hall
Office
Ancillary

250.36 sq m
175.58 sq m
37.16 sq m

(2,695 sq ft) (1,890 sq ft) (400 sq ft)
BARCLAYS BANK PLC (1) 20 years from 27/04/2006
until 2026 on a full repairing
and insuring lease (2)(3)
£47,800 01/01/2012
and 5 yearly
Totals  

463.10 sq m

(4,985 sq ft) (2)
       

(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.

Property Documents

  • Site Plan
    Updated Date
    23.09.15
    File Size
    42 KB
    View PDF
  • Lot 1
    Updated Date
    02.05.10
    File Size
    View PDF
  • Goad Plan
    Updated Date
    02.05.10
    File Size
    View PDF
  • Special Conditions
    Updated Date
    20.05.10
    File Size
    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 060519john.mehtab@acuitus.co.uk
Seller's Solicitors
Needham & James LLP Solicitors 1 Colmore Row
Birmingham
B3 2BJ
Vicki Simpson +44 (0)845 620 9572vickisimpson@needhamandjames.com  Gary Simmons 020 7224 6006gary@simmons-stein.co.uk

Useful Links

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