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Lot 3Sold: £930,000

115 Victoria Road, Ferndown, Dorset BH22 9HJ

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Lot 3 details

LET TO BARCLAYS BANK PLC
6 Week completion

SITUATION

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.

PROPERTY

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).

ACCOMMODATION

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
Basement
Strong Room & Store Area Approx. 792 sq ft*
First Floor Rear
Staff Room Area Approx. 359 sq ft*
Plus WCs
First Floor Front
Offices Area Approx. 1,791 sq ft*
Second Floor
Offices Area Approx. 725 sq ft*
Plus WCs
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

FREEHOLD

TENANCY

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.

Enquire about this lot:

Photo of STEVEN GROSSMAN

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of JOHN BARNETT

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.