Approximately 4,532 sq ft plus large site to rear for parking
VAT free investment
Prime trading location in affluent historic market town
Nearby retailers include M&S Foodhall, Tesco Superstore, Superdrug, Boots the Chemist, The Edinburgh Woollen Mill, Joules, Waterstones, Halfords, Greggs and Domino's
Lot 17
Auction 30th March 2023
Rent £90,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue Live Streamed Auction
On Behalf of Trustees
Property Information
Location
Miles
22 miles south-west of Middlesbrough, 31 miles north-west of York
Roads
A1 (M), A19, A167, A168, A684
Rail
Northallerton Railway Station
Air
Leeds Bradford Airport
Situation
Northallerton lies in the Vale of Mowbray and serves as the county town of North Yorkshire. The property is situated in a prime trading position on the western side of High Street, Northallerton's principal retailing thoroughfare. Nearby retailers include M&S Foodhall, Tesco Superstore, Superdrug, Boots the Chemist, The Edinburgh Woollen Mill, Joules, Waterstones, Halfords, Greggs and Domino's. High Street provides on street car parking for approximately 70 cars.
Tenure
Freehold.
Location
Miles
22 miles south-west of Middlesbrough, 31 miles north-west of York
Roads
A1 (M), A19, A167, A168, A684
Rail
Northallerton Railway Station
Air
Leeds Bradford Airport
Situation
Northallerton lies in the Vale of Mowbray and serves as the county town of North Yorkshire. The property is situated in a prime trading position on the western side of High Street, Northallerton's principal retailing thoroughfare. Nearby retailers include M&S Foodhall, Tesco Superstore, Superdrug, Boots the Chemist, The Edinburgh Woollen Mill, Joules, Waterstones, Halfords, Greggs and Domino's. High Street provides on street car parking for approximately 70 cars.
Tenure
Freehold.
Description
The property comprises a banking hall and ancillary accommodation arranged on the ground floor and basement, with office accommodation arranged on the first and second floors. The property benefits from a large site to the rear with car parking for about 12 cars.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Description
The property comprises a banking hall and ancillary accommodation arranged on the ground floor and basement, with office accommodation arranged on the first and second floors. The property benefits from a large site to the rear with car parking for about 12 cars.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground Basement First Second
Banking Hall Ancillary Offices/Ancillary Ancillary
232.44 18.58 123.56 46.45
(2,502) (200) (1,330) (500)
BARCLAYS BANK UK PLC (1)
15 years from 29/09/2012 (2) on a full repairing and insuring lease
£90,000
Total
421.03
(4,532)
£90,000
(1) For the year ending 31st December 2021, Barclays Bank UK plc reported a turnover of £20,001,000,000, a pre-tax profit of £5,638,000,000 and a net worth of £55,038,000,000 (www.northrow.com). (2) The property was originally let for a term of 10 years from 29/09/2012 and was subsequently extended for a further five years in September 2022. The lease is subject to a tenant only option to determine on 28/09/2025.
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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