Freehold Bank Investment & Residential Development
Attractive Grade II listed bank
Majority let to Barclays Bank Plc on a lease expiring 2026
Planning Permission for two flats on vacant 2nd floor (1)
Adjacent to Craven Court Shopping Centre
VAT-free investment
Lot 21
Auction 12th February 2020
Rent £140,000 per Annum Exclusive
Status Sold
Price £1,750,000
Sector Bank
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
On Behalf of Praxis
Property Information
Location
Miles
25 miles north-west of Leeds
27 miles north-east of Blackburn
41 miles west of York
Roads
A59, A629, A65
Rail
Skipton Rail
Air
Leeds Bradford Airport
Situation
Skipton is a popular market town in North Yorkshire, just south of the Yorkshire Dales. The property occupies a prominent position on High Street, adjacent to the Craven Court Shopping Centre which houses occupiers including H Samuel, Fat Face, Laura Ashley and Joules. Other nearby occupiers include Boots, Greggs, Costa, HSBC, The Works, Skipton Building Society and Edinburgh Woollen Mill.
Tenure
Freehold.
Location
Miles
25 miles north-west of Leeds
27 miles north-east of Blackburn
41 miles west of York
Roads
A59, A629, A65
Rail
Skipton Rail
Air
Leeds Bradford Airport
Situation
Skipton is a popular market town in North Yorkshire, just south of the Yorkshire Dales. The property occupies a prominent position on High Street, adjacent to the Craven Court Shopping Centre which houses occupiers including H Samuel, Fat Face, Laura Ashley and Joules. Other nearby occupiers include Boots, Greggs, Costa, HSBC, The Works, Skipton Building Society and Edinburgh Woollen Mill.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with first floor office and ancillary accommodation and basement storage. The second floor provides self-contained office accommodation accessed via
High Street. The property is Grade II listed.
VAT
VAT is not applicable to this lot.
EPC
Band D. See legal pack at acuitus.co.uk
Description
The property comprises a ground floor banking hall with first floor office and ancillary accommodation and basement storage. The second floor provides self-contained office accommodation accessed via
High Street. The property is Grade II listed.
VAT
VAT is not applicable to this lot.
EPC
Band D. See legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground Basement First
Banking Hall Storage Office/Ancillary
477.0 sq m 47.1 sq m 237.0 sq m Sub TotaI - 761.1 sq m
(1) The vacant second floor was granted planning consent (2018/19420/FUL) on 1st August 2018 for conversion to 2 x 1 bedroom flats. Craven District Council www.cravendc.gov.uk (2) For the year ending 31st December 2018, Barclays Bank Plc did not report a turnover, but did report pre-tax profits of £1,286,000,000 and a total net worth of £46,382,000,000 (Source: Experian Group: 13/01/2020). 3) The option to determine on 29/09/2021 has been removed in exchange for a 12 month rent free period which expired in 2019.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Contacts
Seller's Solicitors
Praxis Law 13 Police Street Manchester Manchester M2 7LQ
