3 George Street Tamworth Staffordshire B79 7LH

3 George Street
Tamworth
Staffordshire
B79 7LH

Prime Freehold Bank Investment

Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
Prime pedestrianised location adjacent to the entrance to the Ankerside Shopping Centre
Situated in an Affluent Market Town
Nearby occupiers include Superdrug, Santander, Lloyds Bank and Burton
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
10
Auction
8th December 2016
Rent
£62,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
Behalf of a Major Fund Manager

Interested?

Expand
Photos
Map

Prime Freehold Bank Investment

Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
Prime pedestrianised location adjacent to the entrance to the Ankerside Shopping Centre
Situated in an Affluent Market Town
Nearby occupiers include Superdrug, Santander, Lloyds Bank and Burton
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 10
Auction 8th December 2016
Rent £62,000 per Annum Exclusive
Status Sold Post
Price
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
Behalf of a Major Fund Manager

Property Information

Location

Miles: 14 miles north east of Birmingham , 23 miles north of Coventry, 30 miles west of Leicester
Roads: A5, M42 (Junction 10)
Rail: Tamworth Railway Station
Air: Birmingham International Airport

Situation

Tamworth is a popular market town some 14 miles north east of Birmingham. The property is situated in a prime retail position immediately adjacent to the principal entrance to the Ankerside
Shopping Centre which houses occupiers including Argos, Costa, Boots and Carphone Warehouse. Other nearby occupiers include Superdrug, Santander, Lloyds Bank and Burton.

Tenure

Freehold.

Location

Miles: 14 miles north east of Birmingham , 23 miles north of Coventry, 30 miles west of Leicester
Roads: A5, M42 (Junction 10)
Rail: Tamworth Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property, an attractive Grade II listed building, comprises a ground floor banking hall with first floor staff and ancillary accommodation. The property benefits from car parking to the rear.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property, an attractive Grade II listed building, comprises a ground floor banking hall with first floor staff and ancillary accommodation. The property benefits from car parking to the rear.

VAT

VAT is applicable to this lot.

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	235.60 sq m 139.54 sq m	(2,536 sq ft) (1,502 sq ft)	CLYDESDALE BANK PLC t/a Yorkshire Bank (1) (2)	10 years from 25/12/2013 on a full repairing and insuring lease (3)	£62,000	25/12/2018 (25/12/2023)
Total		375.14 sq m	(4,038 sq ft)			£62,000

(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 04/11/2016)
(2) Yorkshire Bank was founded in 1859 in Halifax, West Yorkshire. Yorkshire Bank has 182 retail branches, a strong personal customer base and a business banking capability through a UK-wide network. Yorkshire Bank is a trading name of Clydesdale Bank PLC. (Source: www.ybonline.co.uk 07/11/2016)
(3) The lease provides a tenant option to determine on 24/12/2018.