Lloyds TSB Bank 8/10 Ivegate & 4 Tyrrel Street Bradford West Yorkshire BD1 1RJ

Lloyds TSB Bank
8/10 Ivegate & 4 Tyrrel Street
Bradford
West Yorkshire
BD1 1RJ

Freehold Bank Investment

Entirely let to TSB Bank plc on a recently renewed lease until 2022
Attractive Grade II Listed building in prominent corner position
Town centre location on pedestrianized retailing thoroughfare
Tenant in occupation since at least 1987
Nearby occupiers include KFC, Co-Operative Bank, NatWest and Betfred

Lot
17
Auction
9th July 2014
Rent
£106,500 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Administrators

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Freehold Bank Investment

Entirely let to TSB Bank plc on a recently renewed lease until 2022
Attractive Grade II Listed building in prominent corner position
Town centre location on pedestrianized retailing thoroughfare
Tenant in occupation since at least 1987
Nearby occupiers include KFC, Co-Operative Bank, NatWest and Betfred

Lot 17
Auction 9th July 2014
Rent £106,500 per Annum Exclusive
Status Sold Post
Price
Sector
Bank
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Administrators

Property Information

Location

Miles: 10 miles west of Leeds, 8 miles north-east of Halifax, 37.5 miles north-east of Manchester
Roads: M606, M62, A6177, A650
Rail: Bradford Forster Square Rail, Bradford Interchange Rail
Air: Leeds Airport

Situation

The property is situated in a prominent corner location within Bradford City Centre at the junction of Ivegate and Tyrrel Street close to the prime pitches of Kirkgate and Bank Street. Kirkgate Shopping Centre is within close proximity housing retailers such as Primark, Boots, River Island and The Body Shop, with other nearby occupiers including KFC, Co-operative Bank, NatWest and Betfred.

Tenure

Freehold.

Location

Miles: 10 miles west of Leeds, 8 miles north-east of Halifax, 37.5 miles north-east of Manchester
Roads: M606, M62, A6177, A650
Rail: Bradford Forster Square Rail, Bradford Interchange Rail
Air: Leeds Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial building providing a ground floor banking hall, basement storage, office accommodation on first to third floors and attic storage accommodation. The upper floors are accessed internally via the ground floor and also have self contained access from Tyrrel Street.

Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Six Week Completion

VAT

VAT is applicable to this lot.

Viewings

There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Viewings

There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground Basement First Second Third Attic	Banking Hall Storage Office Office Office Storage	317.60 sq m 248.60 sq m 287.20 sq m 311.10 sq m 263.70 sq m 288.60 sq m	(3,419 sq ft) (2,676 sq ft) (3,098 sq ft) (3,349 sq ft) (2,838 sq ft) (3,107 sq ft)	TSB BANK PLC (1)	10 years from 13/02/2012 until 12/02/2022 on a full repairing and insuring lease (2)	£106,500	12/02/2017
Totals		1,716.80 sq m	(18,487 sq ft)			£106,500

(1) For the year ending 31st December 2013, TSB Bank plc reported a turnover of £37,700,000 pre-tax profits of £109,800,000 and a total net worth of £751,300,000. (Source: www.riskdisk.com 05/06/2014).
(2) The lease provides an option to determine the lease in February 2017.