Lot 37 details
ON BEHALF OF EXECUTORS
6 Week completion
Located in the heart of the town centre on the main retail thoroughfare and facing a public parking area, adjacent to McColl's, opposite Spar and amongst other multiples as Barnardo's and a number of local retailers. There is a market directly outside the property that trades every Tuesday.
LLanrwst is an historic market town located on the A470 at the edge of the Snowdonia National Park, 4 miles from Betws-y-Coed and 12 miles from Llandudno and the A55 North Wales Coastal Expressway.
A mid terraced building comprising a Ground Floor Bank with internal access to Ancillary Accommodation and Storage on the first and second floors.
Ground Floor Banking Hall
Gross Frontage 18'6''
Internal Width 18'0''
Built Depth 62'0''
Area Approx. 950 sq ft
Storage Area Approx. 475 sq ft
Kitchen Area Approx. 185 sq ft
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease (except the second floor which has to be kept in no better state of repair than at the commencement of the lease) to Barclays Bank Plc (T/O for Y/E 31/12/16 £27.2bn, Pre-Tax Profit £4.38bn and Shareholders' Funds £67.4bn) for a term of 3 years from 19th March 2017 at a current rent of £9,500 per annum exclusive.
Note: We understand Barclays are closing this branch on 27th March 2018 which gives the Purchaser an opportunity to negotiate a reverse premium in return for an early surrender.