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
    14/Feb/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
Important Auction & Property Update
  • Barclays Bank<br>43 / 45 High Street<br>Stone<br>Staffordshire<br>ST15 8AQ
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* More information on the term "price" can be found here

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.

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.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
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)
£33,50011/05/2026
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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    13.02.19
    File Size
    13 MB
    Login to View
  • Site Plan
    Updated Date
    22.01.19
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    22.01.19
    File Size
    1,008 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk

Useful Links

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