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
    24/Sep/2021
  • Rent
    £53,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £737,000
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Trustees
  • Barclays Bank, 2 Market Square, Leighton Buzzard, Bedfordshire, LU7 1EY
  • Expand
  • Photos
  • Map

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

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.

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.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent 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 £1,000 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

  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    4 MB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    627 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
Billy StruthBilly Struth +44 (0)20 7034 4854 +44 (0)7824 705 955billy.struth@acuitus.co.uk
Associate Auctioneers
Curchod & Co LLP Morris House, 34 Commercial Way,
Woking,
Surrey,
GU21 6EN
01932 854 370
Ian Oswin 01932 823 610ioswin@curchodandco.com
Seller's Solicitors
W Davies Solicitors Acorn House, 5 Chertsey Road
Woking
Surrey
GU21 5AB
Malcolm MacDougall 01483 744900 mm@wdavies.com

Useful Links

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