Barclays, Long Sutton

 

37 Market Place, Long Sutton, Lincolnshire, PE12 9JD

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Bank
  • Tenure: Freehold
  • Gross Rent: £13,300
  • Lease Term: 20 yrs from Apr '10
  • VAT applicable?: N

Property Description

  • Freehold Blue-Chip Bank Investment

Location Description

  • Long Sutton is a market town in Lincolnshire, just 14 miles west of King’s Lynn.
  • Property situated at the southern end of Market Place, which is the town’s principal retail pitch.
  • Local occupiers include Boots, Co-Op & NatWest.

Additional Notes

  • Ground & Basement Floors let to Barclays Bank Plc on a 20 year lease from April 2010 (tenant only break clause in 2025), at a current rent of £13,300, with 5 yearly open market rent reviews
  • Part Ground & 1st Floor is a Self-Contained Flat, sold off on 125 year lease from Sept 2004 at peppercorn rent.

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