HSBC, 60 Albert Road and 33-35 Corporation Street Middlesbrough North Yorkshire TS1 1RS

HSBC, 60 Albert Road and 33-35 Corporation Street
Middlesbrough
North Yorkshire
TS1 1RS

Freehold Bank and Office Investment

Let to HSBC Bank plc
Substantial Established Bank premises with Self Contained Office accommodation
Tenant in occupation for at least 16 years
Approximately 1,288 sq m (13,866 sq ft)
Residential conversion potential of upper parts (Subject to Consents)
Application to Install New ATM'S / Cash Machines Received from HSBC.
Prominent town centre corner location
70 metres west of the entrance to the 50 unit Cleveland Shopping Centre
Nearby retailers include Boots the Chemist, Holland & Barrett, The Body Shop, Marks & Spencer, Tesco Express, Next, Foot Locker, Sports Direct and JD Sports

Lot
19
Auction
16th February 2023
Rent
£92,000 per Annum Exclusive
Status
Sold
Price
£680,000
Auction Venue
Live Streamed Auction

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Freehold Bank and Office Investment

Let to HSBC Bank plc
Substantial Established Bank premises with Self Contained Office accommodation
Tenant in occupation for at least 16 years
Approximately 1,288 sq m (13,866 sq ft)
Residential conversion potential of upper parts (Subject to Consents)
Application to Install New ATM'S / Cash Machines Received from HSBC.
Prominent town centre corner location
70 metres west of the entrance to the 50 unit Cleveland Shopping Centre
Nearby retailers include Boots the Chemist, Holland & Barrett, The Body Shop, Marks & Spencer, Tesco Express, Next, Foot Locker, Sports Direct and JD Sports

Lot 19
Auction 16th February 2023
Rent £92,000 per Annum Exclusive
Status Sold
Price £680,000
Sector
Bank
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 32 miles south of Newcastle upon Tyne, 42 miles north of York, 65 miles north of Leeds
Roads: A19, A66, A172
Rail: Middlesbrough railway station
Air: Newcastle Airport

Situation

The property is prominently situated at the busy junction of Albert Road and Corporation Road, the town's principal pedestrianised retail thoroughfare and benefits from being directly opposite Middlesbrough Town Hall and from being some 70 metres east of the entrance to major 50 unit Cleveland Shopping Centre. Neighbouring retailers include Boots the Chemist, Holland & Barrett, The Body Shop, Marks & Spencer, Tesco Express, Next, Foot Locker, Sports Direct and JD Sports.

Tenure

Freehold.

Location

Miles: 32 miles south of Newcastle upon Tyne, 42 miles north of York, 65 miles north of Leeds
Roads: A19, A66, A172
Rail: Middlesbrough railway station
Air: Newcastle Airport

Situation

Tenure

Freehold.

Description

The property, a substantial, attractive and prominent corner building, comprises banking hall with ancillary accommodation on the ground floor and basement and self contained office accommodation on the first, second and third floors. The offices benefit from a separate entrance on via Albert Road and may be suitable for residential conversion subject to consents.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Reversion
Ground Basement First Second Third	Banking Hall/Office/Ancillary Ancillary Office Office Office	333.40 210.60 322.20 277.90 144.10	(3,589) (2,267) (3,468) (2,991) (1,551)	HSBC BANK PLC (CRN: 00014259 ) (1)	15 years from 03/08/2006	£92,000	02/08/2021. The tenant is currently holding over (3)
Total Approximate Floor Area		1,288.20	(13,866) (2)			£92,000

(1) For the year ending 31st December 2021, HSBC Bank plc (CRN00014259) reported pre-tax profits of £1,023,000,000 and a net worth of £22,690,000,000. (Source: Northrow Company Report 25/01/2023)
(2) The floors areas stated above are those publishes by the Valuation Office Agency at (www.tax.service.gov.uk)
(3) An application to install new ATM / Cash Machines at the property has been received from HSBC, a copy of the application is available within the Legal Pack.

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.