79 - 81 High Street
Scunthorpe
Lincolnshire
DN15 6LZ

Freehold Bank Investment

  • Let to Barclays Bank Plc until 2026 (no breaks)
  • 2021 break clause removed and rent rebased
  • Prominent pedestrianised location
  • Nearby occupiers include Boots the Chemist, Specsavers Optician and Primark
  • Lot
    30
  • Auction
    11/Dec/2019
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £550,000
  • Sector
    Bank
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 79 - 81 High Street<br>Scunthorpe<br>Lincolnshire<br>DN15 6LZ
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
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)
£50,00002/05/2026
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 £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    05.12.19
    File Size
    17 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    844 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Smith Price RRG 5-7 John Princes Street,
London
W1G 0JN
Simon Gregory 020 7409 2100sgregory@sprrg.co.uk
Seller's Solicitors
Debenhams Ottaway LLP 48 Watling Street
Radlett
WD7 7NN
Ruth Boulton 01923 857 171rlb@debenhamsottaway.co.uk

Useful Links

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