Lot 3 details
LET TO BARCLAYS BANK PLC
6 Week completion
Occupying a prominent position in the town centre, amongst such multiple retailers as Wilko, Betfred, Dominos, Boots, Nationwide, Costa Coffee, Lloyds Bank and the Ferndown Shopping Centre.
Ferndown is situated approx. 6 miles north of Bournemouth and approx. 7 miles north-east of Poole having good transport links via the A31 which links to the M27 near Southampton as well as being just 3 ½ miles north-west of Bournemouth Airport.
A substantial end of terrace building comprising:
• A Large Ground Floor Banking Hall (with both front and rear customer entrances) and Basement with internal access to Staff Room/Ancillary Area at the rear of the first floor, all served by a goods lift.
• Separate front access to Self-Contained Offices at the front of the first floor and on part of the second floor (see Note 1).
• Separate rear access to a Self-Contained Flat on part second floor (see Note 2).
• Parking at the rear for 13 Cars (including 3 spaces on a triangular section of land off Library Road).
Ground Floor Banking Hall
Gross Frontage 52'10”
Internal Width 42'2”
widening to 50'3”
Bank & Built Depth 60'9”
Area Approx. 2,645 sq ft
Strong Room & Store Area Approx. 792 sq ft*
First Floor Rear
Staff Room Area Approx. 359 sq ft*
First Floor Front
Offices Area Approx. 1,791 sq ft*
Offices Area Approx. 725 sq ft*
Second Floor Flat
2 Bedrooms, Living Room, Kitchen, Bathroom/WC GIA Approx. 940 sq ft
Total Area Approx. 7,252 sq ft
*Areas agreed at 2015 lease renewal
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Barclays Bank Plc (T/O for Y/E 31/12/15 £32.4bn, Pre-Tax Profit £2.841bn and Shareholders' Funds £64.105bn) for a term from 11th June 2015 to 24th December 2020 (renewal of previous lease - in occupation for over 25 years) at a current rent of £62,300 per annum exclusive.
Note 1: The offices on part first and second floors are sublet to Asset Services Ltd (as a call centre) for a term expiring 2020 (outside s.24-28 of L & T Act 1954) at £19,500 p.a. subject to a Tenant's Break in June 2018.