Location Estimated Resident Population: 216,000 Miles: 12 miles north-west of Central London Roads: A404, A4006, M40, M25
Position The property is located in a prominent position on Station Road at its junction with College Road and close to Harrow on the Hill Rail and Underground Station and St Anns Shopping Centre.
Nearby: Iceland, McDonald’s, Pizza Hut, Carphone Warehouse, Primark and branches of NatWest, Santander, RBS, HSBC and Lloyds TSB banks
Description BANK arranged on the ground, basement, first and second floors only, forming part of a larger building.
Tenure Long Leasehold for a term of 999 years from 29th September 2004 at a peppercorn ground rent.
Lease Term: 20 years from 9th November 2006 Basis: FRI (2) Rent: £160,000 per annum Reviews: March 2011 and 5 yearly thereafter Expiry: November 2026 (3)
VAT is not applicable to this lot.
Note This property is being marketed on behalf of Joint Fixed Charge Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Net Internal Areas
187.65 sq m 85.46 sq m 255.47 sq m 219.70 sq m
748.28 sq m
(2) Please note that the lease is subject to a Schedule of Condition – please see legal documentation. (3) Please note that the lease incorporates a tenant’s option to break the lease in 2021 – please see legal documentation. (4) Areas provided by the Vendor.
(1) Trading as Barclays Bank. Barclays Bank plc for the year to 12/10 reported pre-tax profits of £6 billion and total assets of £1,490 billion. (Source: One Source One-Stop Report)
(2,020 sq ft) (920 sq ft)
(2,750 sq ft) (2,365 sq ft)
(8,055 sq ft) Gross Rent £160,000 pa
ON THE INSTRUCTIONS OF T PERKIN AND M CREAMER OF CBRE ACTING AS JOINT FIXED CHARGE RECEIVERS
Prominent Virtual Freehold Bank Investment • Let to Barclays Bank plc
• Lease expires November 2026 (subject to option)
• Prominent location in important North-West London centre
• Close to Iceland, McDonald’s and St Anns Shopping Centre
• VAT- free bank investment
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor CMS Cameron McKenna LLP. t: 0207 367 3771. e: kirsty.waterworth@cms-cmck.com Ref: Ms KWaterworth.