Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
10 year lease renewal until 2026 (subject to options)
Tenant in occupation since at least1999
Pedestrianised city centre location close to the Queensgate Shopping Centre
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 30
Auction 7th July 2016
Rent £60,375 per Annum Exclusive
Status Sold
Price £960,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
41 miles east of Leicester, 41 miles north-east of Northampton, 81 miles north of London
Roads
A15, A1139, A47, A1(M) Junction 17
Rail
Peterborough Railway Station
Air
Birmingham International Airport, Luton Airport
Situation
The property is situated in a prominent corner position on the south side of pedestrianised Church Street at its junction with Cross Street. The property benefits from being close to Queensgate Shopping Centre, which houses retailers including Marks & Spencer, John Lewis, Primark, H&M and Boots the Chemist. Other nearby occupiers include Pizza Express, Prezzo, Sports Direct and branches of HSBC and Barclays banks.
Tenure
Freehold.
Location
Miles
41 miles east of Leicester, 41 miles north-east of Northampton, 81 miles north of London
Roads
A15, A1139, A47, A1(M) Junction 17
Rail
Peterborough Railway Station
Air
Birmingham International Airport, Luton Airport
Situation
The property is situated in a prominent corner position on the south side of pedestrianised Church Street at its junction with Cross Street. The property benefits from being close to Queensgate Shopping Centre, which houses retailers including Marks & Spencer, John Lewis, Primark, H&M and Boots the Chemist. Other nearby occupiers include Pizza Express, Prezzo, Sports Direct and branches of HSBC and Barclays banks.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with office and ancillary accommodation on the first floor and additional ancillary accommodation on the second floor. The property benefits from being accessible from both Church Street and Cross Street.
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 28th June 2016 at 10.30am. Interested parties must register their details with the Auctioneers by 25th 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 office and ancillary accommodation on the first floor and additional ancillary accommodation on the second floor. The property benefits from being accessible from both Church Street and Cross Street.
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 28th June 2016 at 10.30am. Interested parties must register their details with the Auctioneers by 25th 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 Second
Banking Hall/Ancillary Office/Ancillary Ancillary
219.35 sq m 143.25 sq m 33.07 sq m
(2,361 sq ft) (1,542 sq ft) (356 sq ft)
CLYDESDALE BANK PLC (1) (t/a Yorkshire Bank)
10 years from 31/05/2016 on a full repairing and insuring lease (2)
£60,375
30/05/2021 (30/05/2026)
Totals
395.67 sq m
(4,259 sq ft)
£60,375
(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 30th May 2019 and 30th May 2021.
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street Leeds LS1 2HL
