2 September 2025: Tuesday 02 September 2025 - 9:00am
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Floorplan
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    Key features

    • To be offered on Tuesday 2nd September
    • Prime retail investment
    • Let to Barclays
    • 10 year lease expiring 29/10/2034
    • Break clause and rent review in 2029
    • Prime pedestrianised pitch
    • Prominent corner position
    • EPC rating A
    • Investment let at £200,000 p.a. (10.81% GIY on guide price)

    Description

    A prominent corner building let to Barclays Bank UK PLC t/a Barclays on a 10 year lease from October 2024 for £200,000 per annum.

    Please note that Barclays downsized from three units into the subject unit in October 2024, and that the two adjacent units are already under offer to two substantial national food and beverage operator chains.

    We have been advised that there is VAT on the sale price; however, the sale can potential be treated as a TOGC (Please refer to the legal pack)

    Additional information

    Tenure

    Leasehold - New 999 Year Lease at Peppercorn Rent (please consult the legal pack)

    Accommodation

    Ground Floor - Approx. 5,026 sq ft. (466.9 sq m)

    Tenancy

    The property is let to Barclays Bank UK PLC t/a Barclays on a 10 year lease from 30/10/2024, with a break clause and rent review in October 2029 for £200,000 per annum.


    Barclays Bank UK PLC (t/a Barclays)


    • D&B Rating - 5A 1
    • Turnover (Dec 2024)) - £14.7 Bn
    • Pre-tax Profit (Dec 2024) - £3.56 Bn

    Rent

    £200,000

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is situated in a prominent corner position on pedestrianised Humberstone Gate at its junction with Fox Lane, in the heart of the city centre. The property is in close proximity to the major 120 unit Highcross Centre, anchored by John Lewis, Debenhams and House of Fraser and adjacent to the Haymarket Shopping Centre. Other nearby occupiers include Primark, H&M, Marks & Spencer, Caffè Nero, Boots the Chemist, Pandora, Clarks and Superdrug.

      Transport

      Road links via the A6, A47, A563 AND M1.

      Leicester Railway Station

      East Midlands Airport

      Legal documents

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      EPC rating

      The EPC rating for this property is A

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums