Let to Barclays Bank plc until 2027 (subject to option)
Prominent town centre location
Neighbouring occupiers include Holland & Barrett, HSBC, Co-Op Pharmacy, W H Smith and Boots the Chemist
Six Week Completion
Lot 1
Auction 5th December 2013
Rent £26,000 per Annum Exclusive
Status Sold
Price £520,000
Sector Bank
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of G B Judd & R N Phillips acting as Joint LPA Receivers
Property Information
Location
Miles
14 miles west of Dorchester, 18 miles south of Yeovil, 18 miles north-west of Weymouth
Roads
A35, A37, M5
Rail
Yeovil Junction Railway Station (direct to London Waterloo)
Air
Exeter International Airport
Situation
Bridport is an attractive and prosperous market town located adjacent to the busy A35. The property is situated in the town centre and occupies a prominent position on the south side of East Street. Neighbouring occupiers include Holland & Barrett, HSBC, Co-Op Pharmacy, W H Smith and Boots the Chemist.
Tenure
Freehold.
Location
Miles
14 miles west of Dorchester, 18 miles south of Yeovil, 18 miles north-west of Weymouth
Roads
A35, A37, M5
Rail
Yeovil Junction Railway Station (direct to London Waterloo)
Air
Exeter International Airport
Situation
Bridport is an attractive and prosperous market town located adjacent to the busy A35. The property is situated in the town centre and occupies a prominent position on the south side of East Street. Neighbouring occupiers include Holland & Barrett, HSBC, Co-Op Pharmacy, W H Smith and Boots the Chemist.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall, office and ancillary accommodation on the first floor and ancillary accommodation in the basement.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
Viewings
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. Tel: +44 (0)20 7034 4858.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall, office and ancillary accommodation on the first floor and ancillary accommodation in the basement.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
Viewings
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. Tel: +44 (0)20 7034 4858.
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
Basement Ground First
Ancillary Banking Hall Ancillary
33.54 sq m 173.64 sq m 77.57 sq m
(361 sq ft) (1,869 sq ft) (835 sq ft)
BARCLAYS BANK PLC (1)
20 years from 12/01/2007 until 2027 on a full repairing and insuring lease (2) (3)
£26,000
24/06/2018 24/06/2023
Totals
284.75 sq m
(3,065 sq ft)
£26,000
(1) For the year ending 31/12/2012, Barclays Bank Plc reported pre-tax profits of £99,000,000 and a total net worth of £52,063,000,000. (Source: www.riskdisk.com 31/10/2013) (2) The lease is subject to a schedule of condition. (3) The lease provides for a tenant option to determine the lease on 12/01/2022 subject to 6 months’ prior written notice.
