12 Northgate Dewsbury West Yorkshire WF13 1DT

12 Northgate
Dewsbury
West Yorkshire
WF13 1DT

Freehold Bank Investment on a New 5 year lease & Vacant upper floors (1)

Ground Floor let to Santander UK PLC on a new
5 year lease (NO Breaks)
Bank lease renewal from 25th December 2020
VAT-free Investment
Potential development opportunity of the vacant upper floors (1)

Lot
46
Auction
16th June 2021
Rent
£12,200 per Annum Exclusive
Status
Sold
Price
£155,000
Auction Venue
Live Streamed Auction
On Instructions of a Major Property Company

Important Update Interested?

Expand
Photos
Map

Freehold Bank Investment on a New 5 year lease & Vacant upper floors (1)

Ground Floor let to Santander UK PLC on a new
5 year lease (NO Breaks)
Bank lease renewal from 25th December 2020
VAT-free Investment
Potential development opportunity of the vacant upper floors (1)

Lot 46
Auction 16th June 2021
Rent £12,200 per Annum Exclusive
Status Sold
Price £155,000
Sector
Bank
Auction Venue
Live Streamed Auction
On Instructions of a Major Property Company

Property Information

Location

Miles: 9 miles south-west of Leeds; 10 miles south-east of Bradford
Roads: A638, A644, M1 (junction 40), M62 (junction 25)
Rail: Dewsbury Railway Station
Air: Leeds Bradford Airport

Situation

The property is prominently situated in the heart of the town centre on Northgate close to its junction to Corporation Street and near to Market Place. Nearby occupiers include NatWest, HSBC, William H Brown and Lloyds.

Tenure

Freehold.

Location

Miles: 9 miles south-west of Leeds; 10 miles south-east of Bradford
Roads: A638, A644, M1 (junction 40), M62 (junction 25)
Rail: Dewsbury Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor bank. (1) The vacant upper floors, which are in poor condition, are separately accessed from the rear.

VAT

VAT is not applicable to this lot.

Planning

(1) The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.kirklees.gov.uk

Viewings

There will be no internal viewings of the Bank due to Covid-19. Access to the upper floors, please email: alexander.auterac@acuitus.co.uk

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Description

The property comprises a ground floor bank. (1) The vacant upper floors, which are in poor condition, are separately accessed from the rear.

VAT

VAT is not applicable to this lot.

Planning

(1) The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.kirklees.gov.uk

Viewings

There will be no internal viewings of the Bank due to Covid-19. Access to the upper floors, please email: alexander.auterac@acuitus.co.uk

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground Basement Part First	Banking Ancillary Office	104.54 sq m 66 sq m 12.01 sq m	(1,125 sq ft) (710 sq ft) (129 sq ft)	SANTANDER UK PLC (1)	5 years from 25/12/2020 (2)	£12,200	(24/12/2025)
Part First & Second		336 sq m	(3,617 sq ft)	Vacant
Total		518.55 sq m	(5,581 sq ft)			£12,200

(1) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021).
(2) Please note this branch is on Santander's bank closure list announced on 26 March 2021.

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.