Let to Barclays Bank UK PLC on a recently renewed 10 year lease until May 2035 (subject to break option in 2030)
Rebased rent of £140,000 (previously £213,500 pa on a lease dating from 2007)
Substantial bank building of approx. 556.15 sq m (5,984 sq ft)
Prominent High Street location adjacent to Elmsleigh Shopping Centre and opposite Two Rivers Shopping Centre
Nearby occupiers include Waterstones, Pret a Manger, H&M, M&S, McDonald's, Nandos and Five Guys
VAT Free investment
Lot 17
Auction 15th May 2025
Rent £140,000 per Annum Exclusive
Status Sold Post
Price
Sector Bank
Auction Venue Live Streamed Auction
On Behalf of Trustees
Property Information
Location
Miles
5 miles south east of Windsor, 17 miles south west of Central London, 20 miles east of Reading
Roads
M25, M3, M4, A30
Rail
Staines Railway Station
Air
London Heathrow Airport
Situation
Staines-upon-Thames is a popular and affluent Surrey commuter town located 5 miles south east of Windsor and 17 miles south west of Central London, benefitting from excellent road communication links via the M25, M3 and M4 as well as being two miles south of Heathrow Airport.
The property is situated on the south side of the pedestrianised High Street, adjacent to the Elmsleigh Shopping Centre and opposite the Two Rivers Shopping Centre, in the busy heart of Staines town centre. Nearby occupiers include Waterstones, Pret a Manger, H&M, M&S, McDonald's, Nandos, Five Guys as well as Lloyds, Santander, Halifax and Nationwide.
Tenure
Freehold.
Location
Miles
5 miles south east of Windsor, 17 miles south west of Central London, 20 miles east of Reading
Roads
M25, M3, M4, A30
Rail
Staines Railway Station
Air
London Heathrow Airport
Situation
Staines-upon-Thames is a popular and affluent Surrey commuter town located 5 miles south east of Windsor and 17 miles south west of Central London, benefitting from excellent road communication links via the M25, M3 and M4 as well as being two miles south of Heathrow Airport.
The property is situated on the south side of the pedestrianised High Street, adjacent to the Elmsleigh Shopping Centre and opposite the Two Rivers Shopping Centre, in the busy heart of Staines town centre. Nearby occupiers include Waterstones, Pret a Manger, H&M, M&S, McDonald's, Nandos, Five Guys as well as Lloyds, Santander, Halifax and Nationwide.
Tenure
Freehold.
Description
The property comprises a substantial bank building arranged over ground, basement, first and second floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial bank building arranged over ground, basement, first and second floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground Basement First Second
Banking Hall Ancillary Office Ancillary
289.15 81.10 120.60 65.30
(3,112) (872) (1,298) (702)
BARCLAYS BANK UK PLC (1)
10 years from 11/05/2025 (2)
£140,000
11/05/2030
Total
556.15
(5,984) (3)
£140,000
(1) For the year ending 31/12/2023 Barclays Bank UK PLC reported a Turnover of £39,123,000,000, a Pre-Tax Profit of £4,223,000,000 and a Net Worth of £59,420,000,000 (NorthRow 04/04/2025). (2) The lease provides for a tenant option to determine on 11/05/2030 upon serving 6 months written notice and is subject to a Schedule of Condition. (3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
