14 Newborough & 40 St Nicholas Street Scarborough North Yorkshire YO11 2HF

14 Newborough & 40 St Nicholas Street
Scarborough
North Yorkshire
YO11 2HF

Freehold Bank Investment

Entirely let to Barclays Bank Plc
Lease expires April 2026
2021 break option not exercised
Approximately 5,411 sq ft over 5 floors
VAT-free Bank Investment
Prominent corner position in the heart of the town centre
Nearby occupiers include Marks & Spencer, TK Maxx and Heron Food

Lot
11
Auction
25th March 2021
Rent
£70,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction
On Behalf of Joint LPA Receivers

Important Update Interested?

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Freehold Bank Investment

Entirely let to Barclays Bank Plc
Lease expires April 2026
2021 break option not exercised
Approximately 5,411 sq ft over 5 floors
VAT-free Bank Investment
Prominent corner position in the heart of the town centre
Nearby occupiers include Marks & Spencer, TK Maxx and Heron Food

Lot 11
Auction 25th March 2021
Rent £70,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
Live Streamed Auction
On Behalf of Joint LPA Receivers

Property Information

Location

Miles: 18 miles south of Whitby; 40 miles east of York
Roads: A64, A165, A170
Rail: Scarborough
Air: Leeds/Bradford Airport

Situation

Scarborough is a popular seaside town in North Yorkshire, approximately 18 miles south of Whitby and 40 miles east of York. The property is located in a prominent town centre corner position on the junction of St Nicholas Street and the pedestrianised Newborough. The property is a short walk to South Bay beach with nearby occupiers including Marks & Spencer, TK Maxx and Heron Food.

Tenure

Freehold.

Location

Miles: 18 miles south of Whitby; 40 miles east of York
Roads: A64, A165, A170
Rail: Scarborough
Air: Leeds/Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a five storey building arranged as a ground floor banking hall, with further bank and office accommodation on the first floor, second, and third floor. The property benefits from two entrances to the ground floor, from both Newborough and St Nicholas Street. A number of tenant improvements have taken place to the banking hall.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale by the Company acting by the Joint LPA 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 Joint LPA Receivers to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint LPA Receivers are not bound to accept the highest or any offer and are acting as agents of the Company in respect of this sale without personal liability.

Completion Period

Six Week Completion Available

EPC

D. See legal pack at www.acuitus.co.uk.

Description

VAT

VAT is not applicable to this lot.

Note

Completion Period

Six Week Completion Available

EPC

D. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second Third Basement	Banking Hall/Office Banking/Office Office Ancillary Ancillary	130.10 sq m 118.70 sq m 97.10 sq m 94.80 sq m 62.10 sq m	(1,400 sq ft) (1,277 sq ft) (1,045 sq ft) (1,021 sq ft) (668 sq ft)	BARCLAYS BANK PLC (1)	20 years from 28/04/2006 until 27/04/2026 on a full repairing and insuring lease (2)	£70,000
Total		502.80 sq m	(5,411 sq ft)			£70,000

(1) In the latest annual report, Barclays Bank PLC reported a group income of £21,600,000,000 and group pre-tax profits of £6,200,000,000 (www.home.barclays).
(2) The lease is drawn on FRI terms, subject to a Schedule of Condition.

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.