Lloyds Bank 58 Yorkshire Street Rochdale Greater Manchester OL16 1JP

  • Lloyds Bank<br>58 Yorkshire Street<br>Rochdale<br>Greater Manchester<br>OL16 1JP

Lloyds Bank
58 Yorkshire Street
Rochdale
Greater Manchester
OL16 1JP

Freehold Bank Investment

  • Let to Lloyds Bank Plc until August 2023 (no breaks)
  • Store relocated within Rochdale to this pitch in 2013
  • Prime pedestrianised pitch diagonally opposite The Rochdale Exchange Shopping Centre and adjacent to The Wheatsheaf Shopping Centre
  • Nearby occupiers include Marks & Spencers (immediately adjacent), Costa, B&M Bargains, Boots and Vodafone
  • Lot
    18
  • Auction
    14th February 2018
  • Rent
    £107,500 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Plc
Interested?
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Freehold Bank Investment

  • Let to Lloyds Bank Plc until August 2023 (no breaks)
  • Store relocated within Rochdale to this pitch in 2013
  • Prime pedestrianised pitch diagonally opposite The Rochdale Exchange Shopping Centre and adjacent to The Wheatsheaf Shopping Centre
  • Nearby occupiers include Marks & Spencers (immediately adjacent), Costa, B&M Bargains, Boots and Vodafone
  • Lot 18
  • Auction 14th February 2018
  • Rent £107,500 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Plc

Property Information

Location
Miles
14 miles north of Manchester, 35 miles south-west of Leeds, 70 miles north-west of Sheffield
Roads
A627, M66, M60, M62 (Junction 20)
Rail
Rochdale Rail. Tram: Manchester Metrolink
Air
Manchester Airport
Situation

The property is prominently situated on the eastern side of Yorkshire Street, Rochdale's prime pedestrianised retail thoroughfare. Marks & Spencer is immediately adjacent, with the Rochdale Exchange Shopping Centre diagonally opposite housing occupiers including Costa, B&M Bargains, Boots and Vodafone. Other nearby occupiers include Wilko, JD Sports and Poundworld. The property also benefits from side elevation onto Bell Street which leads south to Rochdale Market and Rochdale's Transport Interchange.

Tenure

Freehold.

Location
Miles
14 miles north of Manchester, 35 miles south-west of Leeds, 70 miles north-west of Sheffield
Roads
A627, M66, M60, M62 (Junction 20)
Rail
Rochdale Rail. Tram: Manchester Metrolink
Air
Manchester Airport
Situation

The property is prominently situated on the eastern side of Yorkshire Street, Rochdale's prime pedestrianised retail thoroughfare. Marks & Spencer is immediately adjacent, with the Rochdale Exchange Shopping Centre diagonally opposite housing occupiers including Costa, B&M Bargains, Boots and Vodafone. Other nearby occupiers include Wilko, JD Sports and Poundworld. The property also benefits from side elevation onto Bell Street which leads south to Rochdale Market and Rochdale's Transport Interchange.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with office/ancillary accommodation towards the rear and further ancillary accommodation on basement and first floor levels. The property benefits from a side elevation fronting Bell Street.

VAT

VAT is applicable to this lot.

Viewings

There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Georgina Roberts if you would be interested in viewing Email: georgina.roberts@acuitus.co.uk Telephone: +44 (0)20 7034 4863.

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 retail unit with office/ancillary accommodation towards the rear and further ancillary accommodation on basement and first floor levels. The property benefits from a side elevation fronting Bell Street.

VAT

VAT is applicable to this lot.

Viewings

There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Georgina Roberts if you would be interested in viewing Email: georgina.roberts@acuitus.co.uk Telephone: +44 (0)20 7034 4863.

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
Ground
Basement
First		 Retail
Ancillary
Ancillary
595.1 sq m
542.1 sq m
122.4 sq m
(6,406 sq ft)
(5,835 sq ft)
(1,318 sq ft)
 LLOYDS BANK PLC
(1)		 10 years from
12/08/2013 until
11/08/2023		 £107,500 12/08/2018
Total
1,259.6 sq m
(13,559 sq ft)
     £107,500  

(1) For the year ending 31st December 2016, Lloyds Bank Plc reported a pre-tax profits of £1,977,000,000 and a total net worth of £49,326,000,000 (Source: Experian Group 11/01/2018). Lloyds Bank relocated from 17 Yorkshire Street, Rochdale in 2013 to the subject property.

Contacts

Associate Auctioneers
Metis Real Estate Northern Assurance Buildings, Albert Square Princess Street
Manchester
M2 4DN
Jonathan Phillips 0161 359 4306jphillips@metisrealestate.com
Seller's Solicitors
Cripps LLP Number 22, Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS
Michelle Parr 01892 506 223Michelle.Parr@cripps.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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