Basement, ground and part first floor let to Barclays Bank Plc on a 20 year lease until 2028 (subject to option)
Upper floors office let to First Response Training and Consultancy Services Limited
Town Centre Location
Nearby occupiers include HSBC, Tesco Express and Superdrug
Lot 32
Auction 9th July 2014
Rent £38,100 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
10 miles south-east of Worcester, 37 miles south of Birmingham
Roads
A44, A46, M5
Rail
Pershore Rail Station
Air
Birmingham Airport
Situation
Pershore is an attractive market town located on the banks of the River Avon, some 10 miles from Worcester. The property is situated in the town centre on the eastern side of Bridge Street, at its junction with both Broad Street and High Street. Nearby occupiers include HSBC, Tesco Express, Superdrug and a number of independent retailers.
Tenure
Freehold.
Location
Miles
10 miles south-east of Worcester, 37 miles south of Birmingham
Roads
A44, A46, M5
Rail
Pershore Rail Station
Air
Birmingham Airport
Situation
Pershore is an attractive market town located on the banks of the River Avon, some 10 miles from Worcester. The property is situated in the town centre on the eastern side of Bridge Street, at its junction with both Broad Street and High Street. Nearby occupiers include HSBC, Tesco Express, Superdrug and a number of independent retailers.
Tenure
Freehold.
Description
The property, an attractive Grade II listed building, comprises a ground floor banking hall with storage, basement accommodation and first floor offices with additional self-contained office accommodation on part first and second floors, accessed from the rear. The property benefits from a small yard to the rear.
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, an attractive Grade II listed building, comprises a ground floor banking hall with storage, basement accommodation and first floor offices with additional self-contained office accommodation on part first and second floors, accessed from the rear. The property benefits from a small yard to the rear.
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.
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
Ground Basement Part First
Banking Hall Storage Office
246.60 sq m 33.20 sq m 60.21 sq m
(2,654 sq ft) (357 sq ft) (648 sq ft)
BARCLAYS BANK PLC (1)
20 years from 02/07/2008 until 01/07/2028 (2)
£31,600
25/03/2018 and 25/03/2023
Part First Second
Office Office
12.70 sq m 59.50 sq m
(137 sq ft) (640 sq ft)
TRAINING AND CONSULTANCY SERVICES LIMITED (3)
9 years from 27/01/2011 until 26/01/2020
£6,500
27/01/2017
Totals
412.21 sq m
(4,436 sq ft)
£38,100
(1) For the year ending 31/12/2013, Barclays PLC reported a pre-tax profit of £2,868,000,000 and a total net worth of £47,700,000,000. (Source: www.riskdisk.com 05/06/2014). (2) The lease provides an option to determine on the expiry of the fifteenth anniversary of the term. (3) First Response Training and Consultancy Services Limited is an established and expanding provider of Health & Safety services to the UK. (Source: www.firstresponsetraining.com 10/06/2014).
Contacts
Seller's Solicitors
Mctaggart Solicitors 36a Park Place Cardiff CF10 3BB
