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Lot 37

ON BEHALF OF EXECUTORS
6 Week completion

SITUATION

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.

PROPERTY

A mid terraced building comprising a Ground Floor Bank with internal access to Ancillary Accommodation and Storage on the first and second floors.

ACCOMMODATION

Ground Floor Banking Hall
Gross Frontage 18'6''
Internal Width 18'0''
Built Depth 62'0''
Area Approx. 950 sq ft
First Floor
Storage Area Approx. 475 sq ft
Kitchen Area Approx. 185 sq ft
WC
Second Floor
Not inspected

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

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.

*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 Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 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.

19 Ancaster Square, Llanrwst, Conwy LL26 0LD