92 High Street
Maidenhead
Berkshire
SL6 1PX

Freehold Bank investment

  • Let to Barclays Bank Plc until August 2026
  • August 2021 tenant break option removed
  • Directly opposite entrance to Nicholsons Shopping Centre with retailers including Tesco Metro, Next, WHSmith, H&M, Superdrug and Iceland
  • Other nearby occupiers include Marks & Spencer, Costa, Boots the Chemist and Greggs
  • Prominent pedestrianised position in affluent Thames Valley town
  • Maidenhead on new Crossrail route
  • Lot
    7
  • Auction
    24/May/2018
  • Rent
    £120,000 per Annum
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 92 High Street<br>Maidenhead<br>Berkshire<br>SL6 1PX
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Property Information

Location
Miles
4 miles south-east of Marlow, 12 miles north-east of Reading, 25 miles west of Central London
Roads
A308, A404, M4
Rail
Maidenhead Railway Station
Air
London Heathrow Airport
Situation

Maidenhead is a popular and affluent Berkshire market town which benefits from excellent communications, with the M4 motorway being less than two miles to the south. The property occupies a prominent position on the northern side of the pedestrianised section of High Street, directly opposite Nicholsons Shopping Centre. Nicholsons Shopping Centre has retailers including Tesco Metro, WHSmith, H&M, Superdrug, Iceland and Topshop. Other nearby occupiers include Marks & Spencer, Costa, Boots the Chemist and Greggs.

Tenure

Freehold.

Description

The property comprises a well configured ground floor banking hall with ancillary accommodation on basement and office and ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground

Basement
First
Second
Banking Hall/
Ancillary
Ancillary
Offices
Offices
165.20 sq m

106.20 sq m
123.74 sq m
47.47 sq m
(1,778 sq ft)

(1,143 sq ft)
(1,332 sq ft)
(511 sq ft)
BARCLAYS BANK
PLC (1)
20 years from
14/08/2006 until
13/08/2026 on a full
repairing and insuring
lease (2)
£120,000 (3)24/06/2019
24/06/2024
Total
442.61 sq m
(4,764 sq ft)
£120,000 (3)

(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 14/03/2018).
(2) The lease is full repairing and insuring subject to a photographic Schedule of Condition.
(3) The lease was subject to a tenant option to determine in August 2021, which has now been removed by way of a Deed of Variation in return for a 9 month rent-free period from 25th March 2018 expiring 24th December 2018. The Vendor has agreed to adjust the completion monies so that the property will effectively produce £120,000 per annum from completion of the sale.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    02.05.18
    File Size
    36 MB
    Login to View
  • Site Plan
    Updated Date
    02.05.18
    File Size
    4 MB
    View PDF
  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
BSG Solicitors 314 Regents Park Road, Finchley
London
N3 2JX
Jeremy Swerner 020 8343 4411jeremy@bsgsolicitors.com

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