Barclays Bank 2 Market Square Leighton Buzzard Bedfordshire LU7 1EY

Barclays Bank
2 Market Square
Leighton Buzzard
Bedfordshire
LU7 1EY

Freehold Bank Investment

Entirely let to Barclays Bank UK Plc
Approximately 6,978 sq ft
Includes rear site with parking for 12 cars
Strategically located fronting popular 150 space town centre car park
Nearby occupiers include Waitrose, Costa Coffee, Boots and Lloyds & HSBC banks
VAT-free bank investment

Lot
5
Auction
24th September 2021
Rent
£53,500 per Annum Exclusive
Status
Sold
Price
£737,000
Auction Venue
Live Streamed Auction
On Behalf of Trustees

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Freehold Bank Investment

Entirely let to Barclays Bank UK Plc
Approximately 6,978 sq ft
Includes rear site with parking for 12 cars
Strategically located fronting popular 150 space town centre car park
Nearby occupiers include Waitrose, Costa Coffee, Boots and Lloyds & HSBC banks
VAT-free bank investment

Lot 5
Auction 24th September 2021
Rent £53,500 per Annum Exclusive
Status Sold
Price £737,000
Sector
Bank
Auction Venue
Live Streamed Auction
On Behalf of Trustees

Property Information

Location

Miles: 40 miles north-west of Central London; 12 miles south-east of Milton Keynes; 13 miles north-west of Luton
Roads: A5, A418, A4146, M1
Rail: Leighton Buzzard Railway Station
Air: London Luton Airport

Situation

Leighton Buzzard is an affluent and popular commuter market town located midway between Luton and Milton Keynes. The property is prominently situated in a prime retailing position on the south side of Market Square, approximately 200 metres from Waterborne Walk Shopping Centre and fronting a popular 150 space town centre car park. Nearby occupiers include Waitrose, Costa Coffee, Boots and Lloyds & HSBC banks.

Tenure

Freehold.

Location

Miles: 40 miles north-west of Central London; 12 miles south-east of Milton Keynes; 13 miles north-west of Luton
Roads: A5, A418, A4146, M1
Rail: Leighton Buzzard Railway Station
Air: London Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises a Grade II Listed bank arranged to provide a ground floor banking hall with first and second floor ancillary accommodation and basement storage. The property benefits from a rear site with parking for 12 cars, accessed from Duncombe Drive.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second Basement	Banking Hall/Ancillary External storage (two buildings) Offices/Ancillary Ancillary Storage	185.89 sq m 196.21 sq m 171.87 sq m 52.49 sq m 41.81 sq m	(2,001 sq ft) (2,112 sq ft) (1,850 sq ft) (565 sq ft) (450 sq ft)	BARCLAYS BANK UK PLC (1)	10 years from 25/12/2012 until 24/12/2022 (2) on a full repairing and insuring lease	£53,500
Total		648.27 sq m	(6,978 sq ft)			£53,500

(1) For the year ending 31st December 2020, Barclays Bank UK Plc reported a turnover of £7,755,000,000, pre-tax profits of £367,000,000 and shareholder funds of £17,027,000,000 (Source: NorthRow 17/08/2021).
(2) The property was originally let for a term of 20 years from 25/12/1992. The lease was extended for a further 10 years in 2012 (by way of a reversionary lease dated in 2009), expiring on 24/12/2022

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.