Let to Barclays Bank Plc until 2026 (subject to option)
Prominent position on Aldermaston Road (A340)
Future development opportunity (subject to consents)
On site car parking
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 62
Auction 23rd March 2016
Rent £29,500 per Annum Exclusive
Status Sold
Price £466,000
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
8 miles north of Basingstoke, 11 miles south-west of Reading, 33 miles south of Oxford
Roads
A340, M3 (Junction 6), M4 (Junction 12)
Rail
Midgeham Rail
Air
Southampton Airport
Situation
The property occupies a prominent position on the western side of Aldermaston Road (A340), the main route through Tadley from the M3 Motorway (Junction 6). The property is located in a predominantly residential area just north of a large Sainsbury’s Superstore and the local shopping parade at Mulfords Hill.
Tenure
Freehold.
Location
Miles
8 miles north of Basingstoke, 11 miles south-west of Reading, 33 miles south of Oxford
Roads
A340, M3 (Junction 6), M4 (Junction 12)
Rail
Midgeham Rail
Air
Southampton Airport
Situation
The property occupies a prominent position on the western side of Aldermaston Road (A340), the main route through Tadley from the M3 Motorway (Junction 6). The property is located in a predominantly residential area just north of a large Sainsbury’s Superstore and the local shopping parade at Mulfords Hill.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with basement and first floor office and ancillary accommodation. The property also benefits from 14 car parking spaces and a site area of 0.09 hectares (0.22 acres).
Six Week Completion
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on-site. Please contact Georgina Roberts. Telephone: +44 (0)20 7034 4863.
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 basement and first floor office and ancillary accommodation. The property also benefits from 14 car parking spaces and a site area of 0.09 hectares (0.22 acres).
Six Week Completion
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on-site. Please contact Georgina Roberts. Telephone: +44 (0)20 7034 4863.
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 Office/Ancillary
61.80 sq m 206.20 sq m 79.89 sq m
(665 sq ft) (2,220 sq ft) (860 sq ft)
BARCLAYS BANK PLC (1)
20 years from 27/04/2006 until 22/05/2026 on a full repairing and insuring lease (2) (3)
£29,500
01/01/2017 and 01/01/2022
Totals
347.89 sq m
(3,745 sq ft)
£29,500
(1) For the year ending 31st December 2014, Barclays Bank Plc reported pre-tax profits of £2,309,000,000 and a total net worth of £55,576,000,000. (Source: www.riskdisk.com 18/02/2016) (2) The lease provides an option to determine on 27th April 2021. (3) The lease is subject to a schedule of condition.
