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
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.
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
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.
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
