Let to Barclays Bank UK plc on a new 5 year lease (Subject to Option)
Tenant in occupation for over 40 years
Rebased Rent.
Long Term Residential Conversion Potential of Upper Parts (Subject to Consents)
VAT Free Investment
Situated in the Centre of Popular University town
Opposite Primark and adjacent to Vision Express and Superdrug
Nearby Occupiers include Holland & Barrett, Specsavers, Vision Express, Boots, Costa Coffee, Clarks, Waterstones, Caffe Nero and Santander
Lot 34
Auction 15th May 2025
Rent £45,000 per Annum Exclusive
Status Available
Guide* Contact Us
Sector Retail, Bank
Auction Venue Live Streamed Auction
Property Information
Location
Miles
15 miles from Nottingham, 11 miles from Leicester
Roads
A6, A60, A512
Rail
Loughborough Train Station
Air
East Midlands Airport
Situation
The property is situated in prime retailing position on the west side of the pedestrianised Market Place opposite Primark, close to its junction with Swan Street. Other neighbouring occupiers include Holland & Barrett, Specsavers, Vision Express, Boots, Costa Coffee, Clarks, Waterstones, Caffe Nero and Santander.
Tenure
Freehold.
Location
Miles
15 miles from Nottingham, 11 miles from Leicester
Roads
A6, A60, A512
Rail
Loughborough Train Station
Air
East Midlands Airport
Situation
The property is situated in prime retailing position on the west side of the pedestrianised Market Place opposite Primark, close to its junction with Swan Street. Other neighbouring occupiers include Holland & Barrett, Specsavers, Vision Express, Boots, Costa Coffee, Clarks, Waterstones, Caffe Nero and Santander.
Tenure
Freehold.
Description
The Property comprises banking hall accommodation on the ground floor with ancillary accommodation in the basement, ground, first and second floors. The parts may benefit from long term residential conversion of the upper parts, subject to consents.
VAT
VAT is not applicable to this lot.
EPC
Band E
Description
The Property comprises banking hall accommodation on the ground floor with ancillary accommodation in the basement, ground, first and second floors. The parts may benefit from long term residential conversion of the upper parts, subject to consents.
VAT
VAT is not applicable to this lot.
EPC
Band E
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Reversion
Ground Basement First Second
Retail Ancillary Ancillary Ancillary
138.60 79.60 109.00 116.80
(1,600) (857) (1,173) (1,257)
BARCLAYS BANK UK PLC (CRN :09740322) (1)
5 years from 15/10/2024 (2)
£45,000
14/10/2029
Total Approximate Floor Area
454.00 (3)
(4,887) (3)
£45,000
(1) For the Year Ending 31st December 2023, Barclays Bank UK Plc reported Pre-Tax Profits of £2,671,000,000, Shareholder Funds of £16,861,000,000 and Net Assets of £12,991,000,000., (Source: Barclays Bank UK plc Annual report as Published on Companies House on 23rd April 2025). (2) The lease provides for a tenant option to determine the lease on 15/10/2027 on serving 6 months written notice. (3) The floor areas stated above are those published by the Valuation Office Agency (www.tax.service.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.
