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Lot 33 Sold Prior

28 Bridge Street, Worksop, Nottinghamshire S80 1JB

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Lot 33   Click here for addendum

Gross Yield 10.15%
Let to Barclays Bank plc

Situation

Located in the town's main pedestrianised retail thoroughfare, adjacent to Boots, opposite Greggs and amongst other multiple retailers including Carphone Warehouse, Clintons, Dorothy Perkins, Superdrug, Holland & Barrett, HSBC and many others. In addition The Priory Shopping Centre nearby houses a variety of traders including M&S Simply Food, New Look, Wilko and more.
Worksop is located approximately 15 miles east of Sheffield and 23 miles north of Nottingham, enjoying excellent road access to the M1 (Junction 31) via the A57.

Property

A mid-terrace building comprising a ground floor Banking Hall plus Ancillary Accommodation on the first, second and third floors.

Accommodation*

Ground Floor
Gross Frontage 23'8"
Built Depth 103'3"
Banking Hall Area Approx 1,090 sq ft
Store Area Approx 387 sq ft
First Floor Ancillary
Approx 408 sq ft
Second Floor Ancillary
Approx 412 sq ft
Third Floor Ancillary
Approx 417 sq ft

Total Area Approx 2,714 sq ft

*Not inspected by Barnett Ross. Areas provided by Vendor.

VAT is 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 31/12/17 £26.7bn, Pre-Tax Profit £3.16bn and Shareholders' Funds £65.7bn) for a term from 27th March 2011 to 11th January 2027 at a current rent of £32,500 per annum exclusive.

Rent Review and Tenant's Break 2022

Note 1: 6 week completion

Note 2: Barclays Bank also occupies the adjoining shop (Nos. 30-32) which intercommunicates with the subject property.

Enquire about this lot:

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@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 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.