Freehold Bank Investment
Freehold Bank Investment
The property is situated in a prominent position on the southern side of High Street, with Cheadle Shopping Centre car park to the rear. Nearby occupiers include Boots the Chemist, WHSmith, Superdrug, B&M Bargains and Iceland. Cheadle Shopping Centre car park is to the rear of the property, providing the main town centre car parking for approximately 140 cars.
Freehold.
The property is situated in a prominent position on the southern side of High Street, with Cheadle Shopping Centre car park to the rear. Nearby occupiers include Boots the Chemist, WHSmith, Superdrug, B&M Bargains and Iceland. Cheadle Shopping Centre car park is to the rear of the property, providing the main town centre car parking for approximately 140 cars.
Freehold.
The property comprises a ground floor banking hall with offices/ancillary accommodation on the first floor.
VAT is not applicable to this lot.
C
The property comprises a ground floor banking hall with offices/ancillary accommodation on the first floor.
VAT is not applicable to this lot.
C
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground First |
Banking Hall/Ancillary Ancillary |
217.30 sq m 67.20 sq m |
(2,399 sq ft) (723 sq ft) |
BARCLAYS BANK PLC (1) |
20 years from 20/06/2007 (2) on a full repairing and insuring lease (3) |
£22,500 | 20/06/2023 |
| Total |
284.50 sq m |
(3,122 sq ft) |
£22,500 | ||||
(1) For the year ending 31st December 2017, Barclays Bank Plc reported a turnover of £8,775,000,000, pre-tax profits of £3,166,000,000 and a total net worth of £60,829,000,000 (Source: Experian Group 03/09/2018).
(2) The lease is subject to a tenant option to determine on 20th June 2022..
(3) The lease is full repairing and insuring, subject to a schedule of condition.
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