Yorkshire Bank 31 / 32 Blandford Street Sunderland Tyne & Wear SR1 3JH

  • Yorkshire Bank<br>31 / 32 Blandford Street<br>Sunderland<br>Tyne & Wear<br>SR1 3JH

Yorkshire Bank
31 / 32 Blandford Street
Sunderland
Tyne & Wear
SR1 3JH

Freehold Bank Investment

  • Entirely let to Clydesdale Bank Plc (t/a Yorkshire Bank)
  • 5 year lease renewal (subject to option) at a re-based rent
  • Tenant in occupation since at least 1999
  • Pedestrianised City Centre location close to The Bridges Shopping Centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    68
  • Auction
    8th December 2016
  • Rent
    £51,200 per Annum Exclusive
  • Status
    Sold
  • Price
    £450,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of receivers at CBRE
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Freehold Bank Investment

  • Entirely let to Clydesdale Bank Plc (t/a Yorkshire Bank)
  • 5 year lease renewal (subject to option) at a re-based rent
  • Tenant in occupation since at least 1999
  • Pedestrianised City Centre location close to The Bridges Shopping Centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 68
  • Auction 8th December 2016
  • Rent £51,200 per Annum Exclusive
  • Status Sold
  • Price £450,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of receivers at CBRE

Property Information

Location
Miles
13 miles south-east of Newcastle upon Tyne, 13 miles south-west of Durham
Roads
A1018, A1231, A19, A1(M)
Rail
Sunderland Railway Station
Air
Newcastle Airport
Situation

The property is prominently situated on the south side of the busy pedestrianised Blandford Street in the heart of the City Centre close to The Bridges Shopping Centre, which houses occupiers including Debenhams, TK Maxx, H&M and Next. Other nearby occupiers include Holland & Barrett, Home Bargains, Greggs, Poundstretcher and Peacocks.

Tenure

Freehold.

Location
Miles
13 miles south-east of Newcastle upon Tyne, 13 miles south-west of Durham
Roads
A1018, A1231, A19, A1(M)
Rail
Sunderland Railway Station
Air
Newcastle Airport
Situation

The property is prominently situated on the south side of the busy pedestrianised Blandford Street in the heart of the City Centre close to The Bridges Shopping Centre, which houses occupiers including Debenhams, TK Maxx, H&M and Next. Other nearby occupiers include Holland & Barrett, Home Bargains, Greggs, Poundstretcher and Peacocks.

Tenure

Freehold.

Description

The property comprises a 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. Interested parties must register their details with the Auctioneers 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 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. Interested parties must register their details with the Auctioneers 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 Reversion
Ground
First
Second		 Banking Hall/Ancillary
Ancillary
Ancillary
236.70 sq m
149.50 sq m
66.10 sq m
(2,548 sq ft)
(1,609 sq ft)
(712 sq ft)
 CLYDESDALE BANK PLC (1)
(t/a Yorkshire Bank)		 5 years from 13/07/2016
on a full repairing and
insuring lease (2)		 £51,200 12/07/2021
Totals  
452.30 sq m
(4,869 sq ft)
     £51,200  

(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 a tenant option to determine on 12th July 2019, subject to six months prior written notice.

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Austin Judson 0113 283 2500austin.judson@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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