Yorkshire Bank 86a Queen Street, Morley Leeds West Yorkshire LS27 9BU

  • Yorkshire Bank<br>86a Queen Street, Morley<br>Leeds<br>West Yorkshire<br>LS27 9BU

Yorkshire Bank
86a Queen Street, Morley
Leeds
West Yorkshire
LS27 9BU

Freehold Bank Investment

  • Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
  • 10 year lease renewal until 2026 (subject to options)
  • Tenant in occupation since at least 1999
  • Pedestrianised town centre location
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    17
  • Auction
    7th July 2016
  • Rent
    £42,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £484,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Receivers CBRE
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Freehold Bank Investment

  • Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
  • 10 year lease renewal until 2026 (subject to options)
  • Tenant in occupation since at least 1999
  • Pedestrianised town centre location
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 17
  • Auction 7th July 2016
  • Rent £42,000 per Annum Exclusive
  • Status Sold
  • Price £484,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
5 miles south-west of Leeds city centre, 7 miles south-east of Bradford, 29 miles south-west of York
Roads
A643, M62 (Junction 27), M621 (Junction 27)
Rail
Morley Railway Station
Air
Leeds Bradford Airport
Situation

The property is situated on the western side of the pedestrianized section of Queen Street, close to its junction with Wesley Street, in the heart of the town centre. Other occupiers in the town include Wilko, Morrisons, Boots the Chemist, Savers and branches of Barclays, HSBC, NatWest and Lloyds banks. There is a public car park opposite with parking for approximately 70 cars.

Tenure

Freehold.

Location
Miles
5 miles south-west of Leeds city centre, 7 miles south-east of Bradford, 29 miles south-west of York
Roads
A643, M62 (Junction 27), M621 (Junction 27)
Rail
Morley Railway Station
Air
Leeds Bradford Airport
Situation

The property is situated on the western side of the pedestrianized section of Queen Street, close to its junction with Wesley Street, in the heart of the town centre. Other occupiers in the town include Wilko, Morrisons, Boots the Chemist, Savers and branches of Barclays, HSBC, NatWest and Lloyds banks. There is a public car park opposite with parking for approximately 70 cars.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation on the first floor.

VAT

VAT is not applicable to this lot.

Note

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

Viewings

There will be a single block viewing for this property on 29th June 2016 at 2.30pm. Interested parties must register their details with the Auctioneers by 26th June 2016 and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk

Completion Period

Six Week Completion

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 on the first floor.

VAT

VAT is not applicable to this lot.

Note

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

Viewings

There will be a single block viewing for this property on 29th June 2016 at 2.30pm. Interested parties must register their details with the Auctioneers by 26th June 2016 and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk

Completion Period

Six Week Completion

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/(Reversion)
Ground

First 		Banking Hall/
Ancillary
Ancillary
302.80 sq m

213.95 sq m
(3,259 sq ft)

(2,303 sq ft)
 CLYDESDALE
BANK PLC (1) t/a
Yorkshire Bank		 10 years from 07/06/2016
on a full repairing and
insuring lease (2)		 £42,000 06/06/2021
(06/06/2026)
Totals  
516.75 sq m
(5,562 sq ft)
     £42,000

(1) Founded in Glasgow in 1838, Clydesdale Bank plc is one of the largest banks in Scotland. Yorkshire Bank is a trading name of Clydesdale Bank plc and joined the Group in 1990, operating from over 150 branches and 22 business and private banking centres in the UK. (Source: www.cybg.com)
(2) The lease is subject to tenant options to determine on 6th June 2019 and 6th June 2021.

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Andrew Maclean 0113 399 1702andrew.maclean@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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