Nearby occupiers include Boots the Chemist, Specsavers Optician and Primark
Lot 30
Auction 11th December 2019
Rent £50,000 per Annum Exclusive
Status Sold
Price £548,000
Sector Bank
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
46 miles north-east of Sheffield
53 miles south-east of Leeds
47 miles south-east of York
Roads
M181, A159, M180
Rail
Scunthorpe Rail
Air
Robin Hood Doncaster/Sheffield Airport
Situation
The property occupies a prominent corner position on the south side of pedestrianised High Street in the heart of the town centre, some 35 metres west of The Foundry Shopping Centre and some 200 metres north-west of the Parish Shopping Centre. Nearby occupiers include Boots the Chemist, Specsavers Optician and Primark.
Tenure
Freehold.
Location
Miles
46 miles north-east of Sheffield
53 miles south-east of Leeds
47 miles south-east of York
Roads
M181, A159, M180
Rail
Scunthorpe Rail
Air
Robin Hood Doncaster/Sheffield Airport
Situation
The property occupies a prominent corner position on the south side of pedestrianised High Street in the heart of the town centre, some 35 metres west of The Foundry Shopping Centre and some 200 metres north-west of the Parish Shopping Centre. Nearby occupiers include Boots the Chemist, Specsavers Optician and Primark.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with first floor and attic ancillary accommodation.
VAT
VAT is not applicable to this lot.
EPC
Band D. See legal pack at acuitus.co.uk.
Description
The property comprises a ground floor banking hall with first floor and attic ancillary accommodation.
VAT
VAT is not applicable to this lot.
EPC
Band D. See legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First Attic
Banking Hall Ancillary Ancillary
171.31 sq m 137.59 sq m 26.76 sq m
(1,844 sq ft) (1,481 sq ft) (288 sq ft)
BARCLAYS BANK PLC (1)
20 years from 03/05/2006 on a full repairing and insuring lease (2)
£50,000
02/05/2026
Total
335.76 sq m
(3,613 sq ft)
£50,000
(1) For the year ending 31st December 2018, Barclays Bank Plc reported pre-tax profits of £1,286,000,000 and a total net worth of £46,382,000,000 (Source: Experian 07/11/2019). (2) The May 2021 break clause has been removed in exchange for the rent being rebased. The rent has been rebased from £85,000 p.a.x to £50,000 p.a.x.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.