Barclays Bank, 129 Brent Street Hendon London NW4 2DX

Barclays Bank, 129 Brent Street
Hendon
London
NW4 2DX

Freehold Bank Investment in Popular North West London Suburb

  • Majority let to Barclays Bank Plc
  • Lease expires June 2027 (subject to option)
  • Branch refurbished in 2016
  • Rent agreed at 2019 Rent Review
  • Nearby occupiers include Tesco, Royal Mail postal sorting office, William Hill and Paddy Power
  • VAT-free investment in affluent North West London suburb between Golders Green and Mill Hill
  • Lot
    2
  • Auction
    12th February 2020
  • Rent
    £33,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £705,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Bank Investment in Popular North West London Suburb

  • Majority let to Barclays Bank Plc
  • Lease expires June 2027 (subject to option)
  • Branch refurbished in 2016
  • Rent agreed at 2019 Rent Review
  • Nearby occupiers include Tesco, Royal Mail postal sorting office, William Hill and Paddy Power
  • VAT-free investment in affluent North West London suburb between Golders Green and Mill Hill
  • Lot 2
  • Auction 12th February 2020
  • Rent
  • Status Sold
  • Price £705,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN

Property Information

Location
Miles
8 miles north-west of Central London
Roads
A1, A41, A406 (North Circular), M1
Rail
Hendon Central (Northern Line),
Hendon (Thameslink)
Air
London Heathrow, London Luton
Situation

Hendon is an affluent North West London suburb located between Golders Green and Mill Hill, approximately 8 miles north-west of Central London. Hendon benefits from excellent road and tube links with the A41 (Hendon Way) providing access to both Junctions 1 and 2 of the M1 as well as to the adjacent A406 (North Circular Road). Hendon Central Tube Station (Northern Line) is situated within half a mile of the property, and provides easy access to Central London and The City. The property is located on Brent Street at its junction with Brampton Grove, one of Hendon's finest residential roads. Nearby occupiers include Tesco, Royal Mail, William Hill, Paddy Power and a number of independent retailers.

Tenure

Freehold.

Location
Miles
8 miles north-west of Central London
Roads
A1, A41, A406 (North Circular), M1
Rail
Hendon Central (Northern Line),
Hendon (Thameslink)
Air
London Heathrow, London Luton
Situation

Hendon is an affluent North West London suburb located between Golders Green and Mill Hill, approximately 8 miles north-west of Central London. Hendon benefits from excellent road and tube links with the A41 (Hendon Way) providing access to both Junctions 1 and 2 of the M1 as well as to the adjacent A406 (North Circular Road). Hendon Central Tube Station (Northern Line) is situated within half a mile of the property, and provides easy access to Central London and The City. The property is located on Brent Street at its junction with Brampton Grove, one of Hendon's finest residential roads. Nearby occupiers include Tesco, Royal Mail, William Hill, Paddy Power and a number of independent retailers.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation on basement and part first floors. The remaining part first and entire second floor comprise self-contained residential flats let on long leases. The property benefits from car parking to the rear of the building.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Description

The property comprises a ground floor banking hall with ancillary accommodation on basement and part first floors. The remaining part first and entire second floor comprise self-contained residential flats let on long leases. The property benefits from car parking to the rear of the building.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor Floor Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
Basement
Part First
Banking Hall
Ancillary
Kitchen/WC
129.13 sq m
45.52 sq m
24.99 sq m
(1,390 sq ft)
(490 sq ft)
(269 sq ft)
BARCLAYS BANK
PLC (1)
20 years from
20/06/2007 (2)
£33,000 29/09/2024
Part First Residential
-
(-)
INDIVIDUAL 125 years from
29/12/2004
Peppercorn -
Second Residential
-
(-)
TWINSECTRA
LIMITED
125 years from
29/09/2004
Peppercorn -
Total Commercial Area  
199.64 sq m
(2,149 sq ft)
    £33,000  

(1) For the year ending 31st December 2018, Barclays Bank Plc reported a pre-tax profit of £1,286,000,000 and a total net worth of £46,382,000,000 (source: Experian Group 17/01/2020).
(2) The lease provides for a tenant option to determine the lease on 20/06/2022.

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.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.20
    File Size
    724 KB
    View PDF
  • Site Plan
    Updated Date
    22.01.20
    File Size
    722 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 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
Seller's Solicitors
Wason Male & Wagland LLP Lantern House , 39 - 41 High St
Potters Bar
EN6 5AJ
Shamit Wason 01707 664 888shamit@wmw-solicitors.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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