55 Market Place
Richmond
North Yorkshire
DL10 4JH

Freehold Bank Investment

  • Let to Barclays Bank UK Plc
  • 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
    18/Oct/2018
  • Rent
    £31,140 per Annum
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 55 Market Place<br>Richmond<br>North Yorkshire<br>DL10 4JH
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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.

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

FloorUseFloor Areas (Approx)TenantTermRent 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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    27.09.18
    File Size
    5 MB
    Login to View
  • Site Plan
    Updated Date
    26.09.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    752 KB
    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
J Pearlman 64 Ballards Lane
Finchley
N3 2BU
Allan Becker 02084 589 266abecker@jpearlman.com

Useful Links

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