National Westminster Bank 10/12 Bradford Road Brighouse West Yorkshire HD6 1RL

  • National Westminster Bank<br>10/12 Bradford Road<br>Brighouse<br>West Yorkshire<br>HD6 1RL

National Westminster Bank
10/12 Bradford Road
Brighouse
West Yorkshire
HD6 1RL

Freehold Bank Investment with Vacant Upper Parts

  • Part let to National Westminster Bank plc until 2027 (No Breaks)
  • Rent reviewed to the higher of Open Market Rental Value or a fixed rental
  • increase of 3.75% in 2021
  • Vacant possession of upper parts – previous planning permission granted in 2011 to create 4 x one bed flats
  • Grade II Listed building (no empty rates)
  • 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
    47
  • Auction
    21st May 2015
  • Rent
    £25,100 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Bank Investment with Vacant Upper Parts

  • Part let to National Westminster Bank plc until 2027 (No Breaks)
  • Rent reviewed to the higher of Open Market Rental Value or a fixed rental
  • increase of 3.75% in 2021
  • Vacant possession of upper parts – previous planning permission granted in 2011 to create 4 x one bed flats
  • Grade II Listed building (no empty rates)
  • 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 47
  • Auction 21st May 2015
  • Rent £25,100 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Location
Miles
7 miles south of Bradford,13 miles south-west of Leeds
Roads
A641, A644, M62 (Junction 25)
Rail
Brighouse Railway Station
Air
Leeds Bradford Airport
Situation

The property is prominently situated on the east side of Bradford Road close to its junction with Commercial Street in the heart of Brighouse town centre. Nearby occupiers include a large Sainsbury’s supermarket, Superdrug, Greggs, M&Co and Yorkshire, Lloyds and Santander Banks.

Tenure

Freehold.

Location
Location
Miles
7 miles south of Bradford,13 miles south-west of Leeds
Roads
A641, A644, M62 (Junction 25)
Rail
Brighouse Railway Station
Air
Leeds Bradford Airport
Situation

The property is prominently situated on the east side of Bradford Road close to its junction with Commercial Street in the heart of Brighouse town centre. Nearby occupiers include a large Sainsbury’s supermarket, Superdrug, Greggs, M&Co and Yorkshire, Lloyds and Santander Banks.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation in the basement and self-contained office accommodation on the first and second floor accessed from Bradford Road.

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 ancillary accommodation in the basement and self-contained office accommodation on the first and second floor accessed from Bradford Road.

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
Basement
Ground
Ancillary
Banking Hall
104.88 sq m
126.81 sq m
(1,129 sq ft)
(1,365 sq ft)
NATIONAL WESTMINSTER
BANK PLC (1)
Approx 21 years from 13/12/2006 until 11/12/2027 £25,100 11/12/2021 (2)
11/12/2026
First & Second Offices
196.39 sq m
(2,114 sq ft)
VACANT POSSESSION - - -
Totals
428.08 sq m
(4,608 sq ft)
    £25,100

(1) National Westminster Bank plc is a wholly owned subsidiary of Royal Bank of Scotland plc who have a market capitalisation rate of £43bn and are 81% owned by HM Government. (Source: www.natwest.com & 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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