Freehold Bank on a New 5 year lease & Retail Investment
Freehold Bank on a New 5 year lease & Retail Investment
Cross Gates is a predomiately residential suburb, 4 miles east of Leeds City Centre, 10 miles south of Wetherby and 2 miles north of the M1. The property is located in the town centre on Station Road close to its junction with Cross Gates Road and near to Cross Gates Shopping centre. Occupiers nearby include NatWest, Lloyds and a number of local retailers.
Freehold.
Cross Gates is a predomiately residential suburb, 4 miles east of Leeds City Centre, 10 miles south of Wetherby and 2 miles north of the M1. The property is located in the town centre on Station Road close to its junction with Cross Gates Road and near to Cross Gates Shopping centre. Occupiers nearby include NatWest, Lloyds and a number of local retailers.
Freehold.
The property comprises two units, a ground floor bank with first floor ancillary accommodation together with a ground floor shop. The property benefits from a rear yard.
VAT is not applicable to this lot.
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.leeds.gov.uk
There will be no internal viewings of the property due to Covid-19.
Six Week Completion
See legal pack at www.acuitus.co.uk
The property comprises two units, a ground floor bank with first floor ancillary accommodation together with a ground floor shop. The property benefits from a rear yard.
VAT is not applicable to this lot.
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.leeds.gov.uk
There will be no internal viewings of the property due to Covid-19.
Six Week Completion
See legal pack at www.acuitus.co.uk
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| No.61. Ground No.61. First |
Banking Ancillary |
93.51 sq m 108.75 sq m |
(1,006 sq ft) (1,170 sq ft) |
SANTANDER UK PLC (1) (2) |
5 years from 25/12/2020 |
£22,200 | (24/12/2025) |
| No.59. Ground | Retail | 61.90 sq m |
(665 sq ft) |
INDIVIDUAL t/a Clearance Outlet |
Tenancy at Will | £14,000 | |
| Total |
264.16 sq m |
(2,843 sq ft) |
£36,200 | ||||
(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.
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