Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
10 year lease renewal until 2026 (subject to option) at a re-based rent
Tenant in occupation since at least 1999
Close to Church Square Shopping Centre that houses occupiers including H&M, River Island, Boots the Chemist and Topshop
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 39
Auction 7th July 2016
Rent £57,750 per Annum Exclusive
Status Sold
Price £525,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
12 miles east of Liverpool, 25 miles west of Manchester
Roads
A570, A580, M6, M57, M62
Rail
St Helens Central
Air
Liverpool John Lennon Airport
Situation
The property is situated on the northern side of Bridge Street, close to its junction with Church Street, in the heart of the town centre. Church Square Shopping Centre is close by, housing retailers including H&M, River Island, Boots the Chemist, Topshop and Superdrug. Other nearby retailers include Caffe Nero, WH Smith, Specsavers and branches of Natwest, Lloyds, Barclays and Santander banks.
Tenure
Freehold.
Location
Miles
12 miles east of Liverpool, 25 miles west of Manchester
Roads
A570, A580, M6, M57, M62
Rail
St Helens Central
Air
Liverpool John Lennon Airport
Situation
The property is situated on the northern side of Bridge Street, close to its junction with Church Street, in the heart of the town centre. Church Square Shopping Centre is close by, housing retailers including H&M, River Island, Boots the Chemist, Topshop and Superdrug. Other nearby retailers include Caffe Nero, WH Smith, Specsavers and branches of Natwest, Lloyds, Barclays and Santander banks.
Tenure
Freehold.
Description
The property comprises a double fronted ground floor banking hall with ancillary accommodation on the first and second floors.
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 1.15pm. Interested parties must register their details with the Auctioneers before 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 double fronted ground floor banking hall with ancillary accommodation on the first and second floors.
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 1.15pm. Interested parties must register their details with the Auctioneers before 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 Ancillary Ancillary
244.30 sq m 135.63 sq m 124.50 sq m
(2,630 sq ft) (1,460 sq ft) (1,340 sq ft)
CLYDESDALE BANK PLC (1) (t/a Yorkshire Bank)
10 years from 2016 on a full repairing and insuring lease (2)
£57,750 (2)
2021 (2026)
Totals
504.43 sq m
(5,430 sq ft)
£57,750 (2)
(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 tenant is currently holding over on a 15 year lease from 5th October 1999 at a rent of £66,500 p.a.x. Terms have been agreed for a new 10 year lease at a rent of £57,750 p.a.x with a rent review on the 5th anniversary of the term and is in solicitor’s hands due to complete imminently. The lease will be subject to a tenant option to determine on the 5th anniversary of the term.
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street Leeds LS1 2HL
