Barclays Bank 43 / 45 High Street Stone Staffordshire ST15 8AQ

Barclays Bank
43 / 45 High Street
Stone
Staffordshire
ST15 8AQ

Freehold Bank Investment

Let to Barclays Bank Plc until 2026 (subject to option)
Prominent town centre location with central pitch on High Street
Residential conversion potential (subject to consents)
Nearby occupiers include Lloyds Bank, B&M, WHSmith, Superdrug, Domino’s Pizza and Boots
VAT-free investment

Lot
33
Auction
14th February 2019
Rent
£33,500 per Annum Exclusive
Status
Sold 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 2026 (subject to option)
Prominent town centre location with central pitch on High Street
Residential conversion potential (subject to consents)
Nearby occupiers include Lloyds Bank, B&M, WHSmith, Superdrug, Domino’s Pizza and Boots
VAT-free investment

Lot 33
Auction 14th February 2019
Rent £33,500 per Annum Exclusive
Status Sold Post
Price
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 7 miles south of Stoke-on-Trent, 7 miles north of Stafford, 30 miles north of Birmingham city centre
Roads: A520, A51, A34, M6
Rail: Stone Train Station
Air: Manchester Airport, Birmingham Airport

Situation

Stone is an attractive market town located midway between Stoke-on-Trent and Stafford, some 30 miles north of central Birmingham in the county of Staffordshire. The property is situated on the north side of the pedestrianised High Street in a prominent town centre location, with nearby occupiers including Lloyds Bank, B&M, WHSmith, Superdrug, Domino,s Pizza and Boots.

Tenure

Freehold.

Location

Miles: 7 miles south of Stoke-on-Trent, 7 miles north of Stafford, 30 miles north of Birmingham city centre
Roads: A520, A51, A34, M6
Rail: Stone Train Station
Air: Manchester Airport, Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation on the first floor. The property also benefits from an external store room and parking at the rear. The upper floors, external store and car park may lend themselves to future residential conversion, subject to the existing lease and all necessary consents.

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

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	Reversion
Ground First External Store	Banking Hall Ancillary Ancillary	194.54 sq m 56.39 sq m 17.65 sq m	(2,094 sq ft) (607 sq ft) (190 sq ft)	BARCLAYS BANK PLC (1)	20 years from 12/05/2006 on a full repairing and insuring lease (2)	£33,500	11/05/2026
Total		268.58 sq m	(2,891 sq ft)			£33,500

(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 17/12/2018).
(2) The lease provides for a tenant option to determine on 11/05/2021.