Barclays Bank 19 Market Place Huddersfield HD1 2AA

Barclays Bank
19 Market Place
Huddersfield
HD1 2AA

Virtual Freehold Bank Investment

Let to Barclays Bank PLC until 2028 (subject to option)
Immediately Adjacent to the Packhorse Shopping Centre
Tenant has undertaken a significant recent refurbishment programme of the branch
Nearby occupiers include Mcdonald’s, Marks & Spencer and Caffe Nero
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
26
Auction
19th May 2016
Rent
£108,330 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Virtual Freehold Bank Investment

Let to Barclays Bank PLC until 2028 (subject to option)
Immediately Adjacent to the Packhorse Shopping Centre
Tenant has undertaken a significant recent refurbishment programme of the branch
Nearby occupiers include Mcdonald’s, Marks & Spencer and Caffe Nero
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 26
Auction 19th May 2016
Rent £108,330 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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 situated on the east side of pedestrianised Market Place in the town centre and adjacent to an entrance to the Packhorse Shopping Centre. Nearby occupiers include Mcdonald's, Marks & Spencer, Caffe Nero and Vision Express.

Tenure

Virtual Freehold. Held for a term of 900 years from 25th March 1967 at a fixed ground rent of £38.50 per annum (4).

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

Tenure

Virtual Freehold. Held for a term of 900 years from 25th March 1967 at a fixed ground rent of £38.50 per annum (4).

Description

The property comprises a ground floor banking hall with ancillary accommodation on basement and sub-basement and office accommodation on the first and second floors. The property benefits from being immediately adjacent to the Packhorse Shopping Centre. The seller understands that the property is used as a major regional branch and the tenant has undertaken a significant recent refurbishment programme. The property also comprises an additional retail unit and a kiosk, both of which will be subject to 850 year leases (4).

Six Week Completion

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site.
Please contact Alec Linfield. Telephone: +44 (0)20 7034 4860.

EPC

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

Description

VAT

VAT is not applicable to this lot.

Viewings

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 Basement Sub-Basement First Floor Second Floor	Banking Hall Ancillary Ancillary Offices Offices	224.82 sq m 136.66 sq m 100.98 sq m 166.20 sq m 155.05 sq m	(2,420 sq ft) (1,471 sq ft) (1,087 sq ft) (1,789 sq ft) (1,669 sq ft)	BARCLAYS BANK PLC	20 years from 12/08/2008 until 2028 on a full repairing and insuring lease (2) (3)	£108,330	12/08/2018 12/08/2023
Totals		783.71 sq m	(8,436 sq ft)			£108,330

(1) For the year ending 31st December 2015, Barclays Bank PLC reported a pre-tax profit of £2,841,000,000 and a total net worth of £55,845,000,000.
(Source: www.riskdisk.com 19/04/2016).
(2) The lease provides for a tenant option to determine the lease on 12th August 2023.
(3) The lease is subject to a schedule of condition, details of which are in the legal pack.
(4) The 900 year leasehold interest comprises the lease in favour of Barclays Bank and 2 separate 850 year leases at a fixed ground rent of £100 each for the 2 retail units.