Bank Investment producing £26,500 p.a (sterling)
PRICE: £425,000 (sterling)
• Attractive freehold Bank and ground rent investment
• Let to Barclays Bank PLC on a 20 year lease (commenced 2nd May 2006)
• Prominent corner position in town centre
• Rent review 2014
• Lease expiry 2026
• Present rent £26,500 (sterling) per annum
Glossop is an attractive and popular Derbyshire town situated on the end of the Peak District National Park, some 13 miles south-east of Manchester. The town has a population of some 15,000 and is situated at the junction of the A57 and A624. The property which is located within a Conservation Area is situated in a prominent corner position at its junction with High Street East and Norfolk Street in the town centre . Occupiers close-by includes Lloyds TSB and GSBC Banks (opposite), Greggs, Woolworths and NatWest Bank.
Property comprises of two buildings which intercommunicated at ground floor level and are arrange on basement, ground and two upper floors to provide a ground floor banking hall with offices to the rear. Part of the first floor provides an ancillary office, staff room and toilets. The second floor provides storage and toilets. The basement has a strong room, boiler room and additional storage facilities. The remainder of the upper floors of 2/4 Norfolk Street together with no’s 6 and 8/10 Norfolk Street have been sold on long leases.
BER No. XXX
Energy Performance Indicator: XXX kWh/m²/yr
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