Royal Bank of Scotland 1 Bridgewater Road Walkden, Greater Manchester M28 3JE

  • Royal Bank of Scotland<br>1 Bridgewater Road<br>Walkden, Greater Manchester<br>M28 3JE

Royal Bank of Scotland
1 Bridgewater Road
Walkden, Greater Manchester
M28 3JE

Freehold Bank/Office Investment

  • Predominantly let to The Royal Bank of Scotland plc until 2028 (no breaks)
  • Rent reviewed to the higher of Open Market Rental Value or a fixed rental
  • increase of 3.75% in 2021
  • Prominent town centre corner location
  • VAT-free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    42
  • Auction
    21st May 2015
  • Rent
    £16,174 per Annum Exclusive
  • Status
    Sold
  • Price
    £220,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Bank/Office Investment

  • Predominantly let to The Royal Bank of Scotland plc until 2028 (no breaks)
  • Rent reviewed to the higher of Open Market Rental Value or a fixed rental
  • increase of 3.75% in 2021
  • Prominent town centre corner location
  • VAT-free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 42
  • Auction 21st May 2015
  • Rent £16,174 per Annum Exclusive
  • Status Sold
  • Price £220,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
7½ miles north-west of Manchester City Centre
Roads
A6, A580, M60 (Junction 15), M61 (Junction 3)
Rail
Walkden Railway Station
Air
Manchester Airport
Situation

Walkden is located 7½ miles north-west of Manchester City Centre, situated close to the M60 orbital motorway around Manchester. The property occupies a highly prominent corner position at the busy junction of High Street (A6), Bridgewater Road and Memorial Road. Nearby occupiers include McDonald’s, KFC, Subway and the Ellesmere Centre anchored by Tesco Extra.

Tenure

Freehold.

Location
Miles
7½ miles north-west of Manchester City Centre
Roads
A6, A580, M60 (Junction 15), M61 (Junction 3)
Rail
Walkden Railway Station
Air
Manchester Airport
Situation

Walkden is located 7½ miles north-west of Manchester City Centre, situated close to the M60 orbital motorway around Manchester. The property occupies a highly prominent corner position at the busy junction of High Street (A6), Bridgewater Road and Memorial Road. Nearby occupiers include McDonald’s, KFC, Subway and the Ellesmere Centre anchored by Tesco Extra.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with self contained office accommodation on the first floor. The property benefits from car parking to the rear.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk

EPC

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

Description

The property comprises a ground floor banking hall with self contained office accommodation on the first floor. The property benefits from car parking to the rear.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk

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 Reviews
Ground Banking Hall/Ancillary
195.93 sq m
(2,109 sq ft)
THE ROYAL BANK OF SCOTLAND PLC (1) Approx 22 years from 13/12/2006 until 11/12/2028 £15,924 11/12/2021 (2)
11/12/2026
First Office
-
(-)
MAXIME INVESTMENTS LIMITED 125 years from 03/10/2014 until 2139 £250 30/09/2039 & 25 yearly
Totals
195.93 sq m
(2,109 sq ft)
    £16,174

1) Royal Bank of Scotland has over 17 million customers in the UK and is the largest SME Bank in the UK with over 1.1 million customers. (Source: www.rbs.com)
(2)The lease provides for the rent to be reviewed at the next rent review on 11th December 2021 to the higher of Open Market Rental Value or a fixed rental increase of 3.75%.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Fladgate LLP 16 Great Queen Street
London
WC2B 5DG
Richard Kaufman 0203 036 7000rkaufman@fladgate.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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