Ground floor and basement let to Barclays Bank Plc
Barclays in occupation since at least 1994
Potential to convert self-contained first floor to residential (subject to consents)
Well located in affluent Hampshire market town
Nearby occupiers include Boots the Chemist, Superdrug, New Look, Fat Face, Clarks, Caffe Nero, Costa and Waitrose
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 5
Auction 8th December 2016
Rent £46,950 per Annum Exclusive
Status Sold
Price £960,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Receivers at CBRE
Property Information
Location
Miles
8 miles north-west of Southampton, 10 miles south-west of Winchester
Roads
A36, M3, M27
Rail
Romsey Railway Station
Air
Southampton Airport
Situation
Romsey is an affluent and attractive Hampshire market town on the edge of the New Forest, located 8 miles north-west of Southampton and 10 miles south-west of Winchester. The property is situated in a prominent and busy position fronting Market Place and Corn Market adjacent to The Hundred. Nearby occupiers include Boots the Chemist, Superdrug, New Look, Fat Face, Clarks, Caffe Nero, Costa and Waitrose.
Tenure
Freehold.
Location
Miles
8 miles north-west of Southampton, 10 miles south-west of Winchester
Roads
A36, M3, M27
Rail
Romsey Railway Station
Air
Southampton Airport
Situation
Romsey is an affluent and attractive Hampshire market town on the edge of the New Forest, located 8 miles north-west of Southampton and 10 miles south-west of Winchester. The property is situated in a prominent and busy position fronting Market Place and Corn Market adjacent to The Hundred. Nearby occupiers include Boots the Chemist, Superdrug, New Look, Fat Face, Clarks, Caffe Nero, Costa and Waitrose.
Tenure
Freehold.
Description
The property is Grade II Listed and comprises a ground floor banking hall with ancillary accommodation in the basement. Additionally, there is self-contained office accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Viewings
There will be a single block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is Grade II Listed and comprises a ground floor banking hall with ancillary accommodation in the basement. Additionally, there is self-contained office accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Viewings
There will be a single block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
Completion Period
Six Week Completion
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
Reversion
Ground Basement
Banking Hall Ancillary
154.89 sq m 55.40 sq m
(1,667 sq ft) (596 sq ft)
BARCLAYS BANK PLC (1)
5 years from completion (2)
£46,950
2021
First
Office
138.62 sq m
(1,492 sq ft)
VACANT
Totals
348.91 sq m
(3,755 sq ft)
£46,950
(1) For the year ending 31st December 2015, Barclays Bank Plc reported pre-tax profits of £2,841,000,000 and a total net worth of £55,845,000,000 (Source: Experian Group 03/11/2016). (2) The tenant is currently holding over on a 5 year lease from 5th September 2011 at a rent of £46,950 p.a.x. Terms have been agreed for a new 5 year lease at a rent of £46,950 p.a.x with a tenant option to determine on the 3rd anniversary of the term and is in solicitor's hands due to complete imminently.
