5 year lease renewal from November 2017 (subject to option)
Tenant in occupation for over 25 years
Large site to rear with car parking for about 10 cars
Prominent corner location with nearby occupiers including WHSmith, Boots the Chemist, Edinburgh Woollen Mill, Co-operative supermarket, Costa and Greggs
VAT-free Bank Investment
Lot 2
Auction 18th October 2018
Rent £31,140 per Annum
Status Sold Post
Price
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
5 year lease renewal from November 2017 (subject to option)
Tenant in occupation for over 25 years
Large site to rear with car parking for about 10 cars
Prominent corner location with nearby occupiers including WHSmith, Boots the Chemist, Edinburgh Woollen Mill, Co-operative supermarket, Costa and Greggs
VAT-free Bank Investment
Lot 2
Auction 18th October 2018
Rent £31,140 per Annum
Status Sold Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
28 miles north of Harrogate, 43 miles north of Leeds
Roads
A6108, A1(M)
Air
Leeds/Bradford Airport
Situation
The property is situated in a prominent corner position fronting Market Place and Millgate, in the heart of Richmond town centre. Other occupiers on Market Place include WHSmith, Boots the Chemist, a Co-operative supermarket, Edinburgh Woollen Mill, Costa, Greggs and branches of NatWest and HSBC banks.
Tenure
Freehold.
Location
Miles
28 miles north of Harrogate, 43 miles north of Leeds
Roads
A6108, A1(M)
Air
Leeds/Bradford Airport
Situation
The property is situated in a prominent corner position fronting Market Place and Millgate, in the heart of Richmond town centre. Other occupiers on Market Place include WHSmith, Boots the Chemist, a Co-operative supermarket, Edinburgh Woollen Mill, Costa, Greggs and branches of NatWest and HSBC banks.
Tenure
Freehold.
Description
The property comprises a Grade II listed bank with a ground floor banking hall and office accommodation on the first and second floors. In addition, the property benefits from 10 car parking spaces to the rear.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
D
Description
The property comprises a Grade II listed bank with a ground floor banking hall and office accommodation on the first and second floors. In addition, the property benefits from 10 car parking spaces to the rear.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
D
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First Second
Banking Hall/Ancillary Offices Offices
209.40 sq m 154.80 sq m 103.90 sq m
(2,254 sq ft) (1,666 sq ft) (1,118 sq ft)
BARCLAYS BANK UK PLC (1)
5 years from 14/11/2017 (2) on a full repairing and insuring lease
£31,140
Total
468.10 sq m
(5,038 sq ft)
£31,140
(1) For the year ending 31st December 2017, Barclays Bank UK Plc reported pre-tax profits of £14,060,000 and a total net worth of £159,269,000 (Source: Experian Group 12/06/2018). (2) The lease provides for a tenant option to determine on 14th November 2020. If the tenant break option is not exercised, the tenant will benefit from a two month rent-free period.
