Let to Barclays Bank plc until June 2027 (subject to option)
Approximately 3,122 sq ft
Close to Boots the Chemist, WHSmith, Superdrug and Cheadle Shopping Centre
VAT-free Bank Investment
Lot 82
Auction 18th October 2018
Rent £22,500 per Annum Exclusive
Status Sold
Price £245,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
8 miles east of Stoke-on-Trent
35 miles west of Nottingham
Roads
A521, A522, M6 (Junction 15)
Air
Birmingham International Airport
Situation
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.
Tenure
Freehold.
Location
Miles
8 miles east of Stoke-on-Trent
35 miles west of Nottingham
Roads
A521, A522, M6 (Junction 15)
Air
Birmingham International Airport
Situation
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.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with offices/ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
EPC
C
Description
The property comprises a ground floor banking hall with offices/ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
EPC
C
Tenancy & Accommodation
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.
