27 Station Road
Clacton-on-Sea
Essex
CO15 1TD

Prime Freehold Bank Investment

  • Let to Barclays Bank Plc
  • Lease expires January 2028 (no breaks)
  • VAT-Free Bank Investment
  • 2023 tenant break option removed
  • Approximately 330.70 sq m (3,559 sq ft)
  • Nearby retailers include McDonald's, Greggs, Holland & Barrett, Wilko, Superdrug and WHSmith
  • Lot
    10
  • Auction
    21/May/2020
  • Rent
    £48,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 27 Station Road<br>Clacton-on-Sea<br>Essex<br>CO15 1TD
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* More information on the term "price" can be found here

Property Information

Location
Miles
16 miles south-east of Colchester
70 miles north-east of Central London
Roads
A133, A120, A12
Rail
Clacton-on-Sea
Air
London Southend
Situation

Clacton-on-Sea is a popular seaside resort on the Essex coast, 16 miles south-east of Colchester and 70 miles north-east of Central London. The property is situated in a prominent and central location on the western side of Station Road, close to its junction with Rosemary Road and High Street. Nearby retailers include McDonald's, Greggs, Holland & Barrett, Wilko, Superdrug and WH Smith.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors. The adjoining property occupied by the same tenant is in separate ownership.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
First
Second
Banking Hall
Office/Ancillary
Ancillary
154.40 sq m
130.95 sq m
45.35 sq m
(1,662 sq ft)
(1,409 sq ft)
(488 sq ft)
BARCLAYS BANK
PLC (1)
20 years from
14/01/2008 until
13/01/2028 on a
full repairing and
insuring lease (2)
£48,00014/01/2023
Total
330.70 sq m
(3,559 sq ft)
  £48,000 

(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 Group 14/02/2020).
(2) The lease is full repairing and insuring, subject to a schedule of condition.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Site Plan
    Updated Date
    01.05.20
    File Size
    525 KB
    View PDF
  • Catalogue Page
    Updated Date
    01.05.20
    File Size
    760 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Child and Child Nova North , 11 Bressenden Place
London
SW1E 5BY
Shinead Wilson 0207 201 1898Shineadwilson@childandchild.co.uk

Useful Links

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