Let to Barclays Bank Plc until 2027 (subject to option)
Pedestrianised town centre location
Nearby occupiers include Boots, Vodafone, Pandora, WH Smith, Caffè Nero and Greggs
Category C Listed building
Lot 59
Auction 19th October 2017
Rent
Status Sold Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
35 miles south-west of Glasgow, 70 miles south-west of Edinburgh
Roads
A76, A77, M77
Rail
Ayr Railway Station
Air
Glasgow Prestwick and Glasgow International Airports
Situation
The property is prominently situated in the heart of the town centre, on the west side of the pedestrianised High Street. Nearby occupiers include Boots, Vodafone, Pandora, WH Smith, Caffè Nero and Greggs.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Location
35 miles south-west of Glasgow, 70 miles south-west of Edinburgh
Roads
A76, A77, M77
Rail
Ayr Railway Station
Air
Glasgow Prestwick and Glasgow International Airports
Situation
The property is prominently situated in the heart of the town centre, on the west side of the pedestrianised High Street. Nearby occupiers include Boots, Vodafone, Pandora, WH Smith, Caffè Nero and Greggs.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Description
The property, a Category C Listed building, comprises a ground floor banking hall and forms part of a larger building.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a Category C Listed building, comprises a ground floor banking hall and forms part of a larger building.
VAT
VAT is applicable to this lot.
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
Review/ (Reversion)
Ground
Banking Hall/Ancillary
270.28 sq m
(2,909 sq ft)
BARCLAYS BANK PLC (1)
20 years from 26/02/2007 on a full repairing and insuring lease (2)
£72,000
24/06/2019 (25/02/2027)
Total
270.28 sq m
(2,909 sq ft)
£72,000
(1) For the year ending 31st December 2016, Barclays Bank Plc reported pre-tax profits of £4,383,000,000 and a total net worth of £60,085,000,000 (Source: Experian Group 19/09/2017). (2) The lease is subject to a tenant option to determine on 25th February 2022 and a rolling option to determine thereafter on providing six months’ prior notice. The lease is also subject to a schedule of condition.