92 High Street Maidenhead Berkshire SL6 1PX

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
24th May 2018
Rent
£120,000 per Annum
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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 24th May 2018
Rent £120,000 per Annum
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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.

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

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

EPC

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

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

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
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.