193 High Street Northallerton North Yorkshire DL7 8LJ
193 High Street Northallerton North Yorkshire DL7 8LJ
Prime Freehold Bank Investment
Let to Barclays Bank Plc
Tenant in occupation for over 80 years (branch refurbished in 2014)
First time on the market since 1999
September 2017 Rent Review Outstanding
Approximately 4,532 sq ft
Prime trading location in attractive and affluent North Yorkshire market town - close to WHSmith, Boots the Chemist, Waterstones, Fat Face, Pandora and Betty's Tea Room
VAT-free bank investment
Lot 30
Auction 7th December 2017
Rent £90,000 per Annum
Status Sold
Price £1,510,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Tenant in occupation for over 80 years (branch refurbished in 2014)
First time on the market since 1999
September 2017 Rent Review Outstanding
Approximately 4,532 sq ft
Prime trading location in attractive and affluent North Yorkshire market town - close to WHSmith, Boots the Chemist, Waterstones, Fat Face, Pandora and Betty's Tea Room
VAT-free bank investment
Lot 30
Auction 7th December 2017
Rent £90,000 per Annum
Status Sold
Price £1,510,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
24 miles north of Harrogate, 31 miles north-west of York
Roads
A19, A167, A168, A1(M)
Rail
Northallerton Railway Station
Air
Leeds Bradford Airport
Situation
Northallerton lies in the Vale of Mowbray and serves as the county town of North Yorkshire. The property is situated in a prime trading position on the western side of High Street, Northallerton's principal retailing thoroughfare. Nearby occupiers include WHSmith, Superdrug, Boots the Chemist, Costa, Pandora, Fat Face, Caffè Nero and Superdrug. High Street provides car parking for over 70 cars.
Tenure
Freehold.
Location
Miles
24 miles north of Harrogate, 31 miles north-west of York
Roads
A19, A167, A168, A1(M)
Rail
Northallerton Railway Station
Air
Leeds Bradford Airport
Situation
Northallerton lies in the Vale of Mowbray and serves as the county town of North Yorkshire. The property is situated in a prime trading position on the western side of High Street, Northallerton's principal retailing thoroughfare. Nearby occupiers include WHSmith, Superdrug, Boots the Chemist, Costa, Pandora, Fat Face, Caffè Nero and Superdrug. High Street provides car parking for over 70 cars.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with ancillary accommodation on the basement and second floors and offices and customer meeting rooms on the first floor. There is car parking for 12 cars to the rear, used by Barclays customers.
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing for this property on Wednesday 29th November at 11am. Interested parties must register their details with the Auctioneers by Friday 24th November. Please contact George Watkins. Telephone: +44 (0)20 7034 4861.
Completion Period
Six Week Completion
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 ancillary accommodation on the basement and second floors and offices and customer meeting rooms on the first floor. There is car parking for 12 cars to the rear, used by Barclays customers.
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing for this property on Wednesday 29th November at 11am. Interested parties must register their details with the Auctioneers by Friday 24th November. Please contact George Watkins. Telephone: +44 (0)20 7034 4861.
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
Ground Basement First Second
Banking Hall Ancillary Meetings Rooms/Offices Staff/Ancillary
10 years from 29/09/2012 until 28/09/2022 on a full repairing and insuring lease
£90,000
29/09/2017
Totals
421.03 sq m
(4,532 sq ft)
£90,000
(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 02/11/2017).
