Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Legal & General
Property Information
Location
Miles
15 miles south-west of Leeds, 25 miles north-east of Manchester, 26 miles north-west of Sheffield
Roads
A62, A640, A629, M62 (Junctions 23/24)
Rail
Huddersfield Railway Station
Air
Leeds Bradford Airport
Situation
The property is prominently situated in the heart of the town centre, on the north side of pedestrianised King Street at its junction with Market Walk, opposite Marks & Spencer. The property is also situated opposite The Piazza Shopping Centre, housing occupiers including Boots, WH Smith, BHS and Argos. The Kingsgate Shopping Centre, anchored by House of Fraser, is located close by, as are retailers including Morrisons, Caffè Nero, KFC, Costa and HSBC Bank.
Tenure
Virtual Freehold. Virtual Freehold. Held by way of two 999 year leases from 25th March 1898 and 29th September 1941, each at a rent of £50 per annum.
Location
Miles
15 miles south-west of Leeds, 25 miles north-east of Manchester, 26 miles north-west of Sheffield
Roads
A62, A640, A629, M62 (Junctions 23/24)
Rail
Huddersfield Railway Station
Air
Leeds Bradford Airport
Situation
The property is prominently situated in the heart of the town centre, on the north side of pedestrianised King Street at its junction with Market Walk, opposite Marks & Spencer. The property is also situated opposite The Piazza Shopping Centre, housing occupiers including Boots, WH Smith, BHS and Argos. The Kingsgate Shopping Centre, anchored by House of Fraser, is located close by, as are retailers including Morrisons, Caffè Nero, KFC, Costa and HSBC Bank.
Tenure
Virtual Freehold. Virtual Freehold. Held by way of two 999 year leases from 25th March 1898 and 29th September 1941, each at a rent of £50 per annum.
Description
The property comprises a ground floor banking hall with ancillary accommodation in the basement and office and ancillary accommodation on the first and second floors. The third floor is not currently used by the tenant. The property benefits from a return frontage to pedestrianised Market Walk.
The tenant has recently completed substantial alterations to the property to enable them to additionally occupy the first and second floors, which were previously let to a gym operator.
Six Week Completion (subject to landlord's consent to assign)
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 block viewing for this property. Interested parties must register their details with the Auctioneers 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 office and ancillary accommodation on the first and second floors. The third floor is not currently used by the tenant. The property benefits from a return frontage to pedestrianised Market Walk.
The tenant has recently completed substantial alterations to the property to enable them to additionally occupy the first and second floors, which were previously let to a gym operator.
Six Week Completion (subject to landlord's consent to assign)
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 block viewing for this property. Interested parties must register their details with the Auctioneers 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
Reversion
Basement Ground First Second Third
Ancillary Banking Hall Offices/Ancillary Offices/Ancillary Ancillary
139.63 sq m 231.32 sq m 214.60 sq m 219.06 sq m 199.38 sq m
Approx 10 years and 8 months from 21/04/2010 on a full repairing and insuring lease
£140,000
31/12/2020
Totals
1,003.99 sq m
10,807 sq ft)
£140,000
(1) For the year ending 31/12/2014, Santander UK Plc reported pre-tax profits of £1,399,000,000 and a total net worth of £12,006,000,000. (Source: www.experian.com 14/09/2015)
Contacts
Seller's Solicitors
Eversheds LLP Bridgewater Place, Water Lane Leeds LS11 5DR
