Freehold Bank Investment
Freehold Bank Investment
The property is situated in a prominent corner position at the junction of Station Parade and Ripple Road in the pedestrianised prime pitch. The property lies approximately 30 metres from the entrance to Vicarage Fields Shopping Centre and nearby occupiers include Halifax, Boots, MK One, JD Sports and Nationwide Building Society. The property is situated 100 metres from Barking Railway and Underground Station (Hammersmith & City and District Lines).
Freehold.
The property is situated in a prominent corner position at the junction of Station Parade and Ripple Road in the pedestrianised prime pitch. The property lies approximately 30 metres from the entrance to Vicarage Fields Shopping Centre and nearby occupiers include Halifax, Boots, MK One, JD Sports and Nationwide Building Society. The property is situated 100 metres from Barking Railway and Underground Station (Hammersmith & City and District Lines).
Freehold.
The ground floor is arranged as banking suites and ATMs with the first floor used as the main banking hall. There are a further two upper floors comprising staff facilities and storage. The accommodation benefits from suspended ceilings, recessed lighting and air conditioning. Barclays also occupy the first and second floors of 3/5 Ripple Road under a leasehold interest. The premises are linked by way of a walkway at first floor level. This space is not included in the sale.
VAT is not applicable to this lot.
There will be only one viewing date, interested parties must register their details with the Auctioneers and provide identification on site. Please contact Martin Szamfeber.Tel: +44 (0)20 7034 4862.Email: martin.szamfeber@acuitus.co.uk
The EPC will be available to view online in the solicitor’s legal pack.
The ground floor is arranged as banking suites and ATMs with the first floor used as the main banking hall. There are a further two upper floors comprising staff facilities and storage. The accommodation benefits from suspended ceilings, recessed lighting and air conditioning. Barclays also occupy the first and second floors of 3/5 Ripple Road under a leasehold interest. The premises are linked by way of a walkway at first floor level. This space is not included in the sale.
VAT is not applicable to this lot.
There will be only one viewing date, interested parties must register their details with the Auctioneers and provide identification on site. Please contact Martin Szamfeber.Tel: +44 (0)20 7034 4862.Email: martin.szamfeber@acuitus.co.uk
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Basement Ground First Second Third |
Ancillary Banking Suites Banking Hall Office Staff |
57.92 sq m 155.82 sq m 126.21 sq m 113.42 sq m 81.42 sq m |
(623 sq ft) (1,677 sq ft) (1,359 sq ft) (1,221 sq ft) (876 sq ft) |
BARCLAYS BANK PLC (1) | 20 years from 02/08/2006 until 2026 (2)(3) |
£76,000 | 25/12/2010 and 5 yearly |
| Totals | 534.79 sq m |
(5,756 sq ft) |
£76,000 | ||||
(1)For the year ending 31st December 2009 Barclays Bank plc reported a turnover of 31,182,000,000, pre-tax profits of 4,559,000,000 and a net worth of 47,130,000,000. (Source: riskdisk.com 10/06/2010) (2)The lease provides for a tenant option to determine the lease on the 15th anniversary of the term. (3)The lease is subject to a schedule of condition.
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