Let to Barclays Bank plc on a 20 year lease until June 2027 (subject to option)
Prominent corner position in close proximity to the sea front
Nearby occupiers include Budgens Supermarket, W H Smith, Boots, Subway and NatWest Bank
Affluent and popular Dorset tourist town
Lot 39
Auction 9th July 2014
Rent £23,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
23 miles south of Bournemouth, 52 miles south-west of Southampton, 81 miles south of Bristol
Roads
A35, A354, A37
Rail
Swanage Rail, Wareham (Dorset) Rail
Air
Bournemouth Airport
Situation
The property is situated within Swanage town centre in a prominent corner location on the northern side of Station Road, at its junction with Mermond Place in close proximity to the sea front. Nearby occupiers include Greggs, Boots, NatWest and Subway as well as a number of independent retailers.
Tenure
Virtual Freehold. Held for a term of 999 years from 25th December 2004 at a peppercorn rent.
Location
Miles
23 miles south of Bournemouth, 52 miles south-west of Southampton, 81 miles south of Bristol
Roads
A35, A354, A37
Rail
Swanage Rail, Wareham (Dorset) Rail
Air
Bournemouth Airport
Situation
The property is situated within Swanage town centre in a prominent corner location on the northern side of Station Road, at its junction with Mermond Place in close proximity to the sea front. Nearby occupiers include Greggs, Boots, NatWest and Subway as well as a number of independent retailers.
Tenure
Virtual Freehold. Held for a term of 999 years from 25th December 2004 at a peppercorn rent.
Description
The property comprises a ground floor banking hall with offices and staff room, forming part of a larger building.
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 comprises a ground floor banking hall with offices and staff room, forming part of a larger building.
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
Review
Ground
Banking Hall, Offices and Staff Room
128.23 sq m
(1,380 sq ft)
BARCLAYS BANK PLC (1)
20 years from 15/06/2007 until 14/06/2027 (2)
£23,000
25/12/2017 and 25/12/2022
Totals
128.23 sq m
(1,380 sq ft)
£23,000
(1) For the year ending 31st December 2013, Barclays Bank 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 for a tenant option to determine on the fifteenth anniversary of the lease. (3)The floor areas stated were provided by the vendor.
