Barclays Bank, 1-3 Wood Street Wakefield West Yorkshire WF1 2EA

Barclays Bank, 1-3 Wood Street
Wakefield
West Yorkshire
WF1 2EA

Freehold Bank Investment

Let to Barclays Bank plc until 2026 (subject to options)
Prominent corner position in city centre
Nearby occupiers include Specsavers, Coral and Yorkshire Bank

Lot
9
Auction
24th May 2012
Rent
£80,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Andrew Rodger and Greg Judd as Joint LPA Receivers

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Freehold Bank Investment

Let to Barclays Bank plc until 2026 (subject to options)
Prominent corner position in city centre
Nearby occupiers include Specsavers, Coral and Yorkshire Bank

Lot 9
Auction 24th May 2012
Rent £80,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Andrew Rodger and Greg Judd as Joint LPA Receivers

Property Information

Location

Estimated District Population: 315,000
Miles: 8 miles south of Leeds, 5 miles east of Dewsbury
Roads: M1, M62, A1
Rail: Wakefield Westgate Rail, Wakefield Kirkgate Rail
Air: Leeds Bradford Airport

Situation

The property is prominently situated on the busy corner of Wood Street and Marygate in the centre of the main shopping area of the city. Other occupiers close by include Specsavers, Contessa and Coral as well as Yorkshire and NatWest banks.

Tenure

Freehold.

Location

Estimated District Population: 315,000
Miles: 8 miles south of Leeds, 5 miles east of Dewsbury
Roads: M1, M62, A1
Rail: Wakefield Westgate Rail, Wakefield Kirkgate Rail
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation with basement storage, first floor office and training rooms and staff and storage on the second floor.

NB. The 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.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

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 Second	Storage/Service Room Banking Hall/Ancillary Office/Training Rooms Staff/Storage	74.70 sq m 343.92 sq m 266.91 sq m 53.70 sq m	(804 sq ft) (3,702 sq ft) (2,873 sq ft) (578 sq ft)	BARCLAYS BANK PLC (1)	20 years from 28/04/2006 until 27/04/2026 on a full repairing and insuring lease (2) (3)	£80,000	01/01/2015 and 5 yearly
Totals		739.23 sq m	(7,957 sq ft)			£80,000

(1) For the year ending 31st December 2009, Barclays Bank plc reported a turnover of £31,182,000,000, pre-tax profits of £4,559,000,000 and a total net worth of
£47,130,000,000. (Source: www.riskdisk.com 26/01/2011)
(2) The tenant has an option to determine the lease at the end of the 10th and 15th year.
(3) The lease is subject to a schedule of condition.