Yorkshire Bank 35 - 37 High Row Darlington County Durham DL3 7QT

Yorkshire Bank
35 - 37 High Row
Darlington
County Durham
DL3 7QT

Freehold Bank Investment

  • Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
  • 10 year lease renewal until 2026 (subject to option) at a re-based rent
  • Tenant in occupation since at least 1999
  • Prominent town centre location close to Cornmill Shopping Centre, housing retailers including Primark, Next, JD Sports and Topshop
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    32
  • Auction
    7th July 2016
  • Rent
    £40,250 per Annum Exclusive
  • Status
    Sold
  • Price
    £520,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Receivers CBRE
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Bank Investment

  • Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
  • 10 year lease renewal until 2026 (subject to option) at a re-based rent
  • Tenant in occupation since at least 1999
  • Prominent town centre location close to Cornmill Shopping Centre, housing retailers including Primark, Next, JD Sports and Topshop
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 32
  • Auction 7th July 2016
  • Rent
  • Status Sold
  • Price £520,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
20 miles south of Durham
35 miles south of Newcastle-upon-Tyne
Roads
A1 (M), A66, A68, A167
Rail
Darlington Railway Station
Air
Durham Tees Valley Airport
Situation

The property occupies a prominent position on the pedestrianised High Row, close to its junction with Prospect Place, in the heart of the town centre. Cornmill Shopping Centre is located close by housing retailers including Primark, Next, JD Sports, Topshop, TK Maxx and Bonmarche. Other nearby occupiers include Poundland, River Island, Boots the Chemist and branches of Natwest, Santander and HSBC banks.

Tenure

Freehold.

Location
Miles
20 miles south of Durham
35 miles south of Newcastle-upon-Tyne
Roads
A1 (M), A66, A68, A167
Rail
Darlington Railway Station
Air
Durham Tees Valley Airport
Situation

The property occupies a prominent position on the pedestrianised High Row, close to its junction with Prospect Place, in the heart of the town centre. Cornmill Shopping Centre is located close by housing retailers including Primark, Next, JD Sports, Topshop, TK Maxx and Bonmarche. Other nearby occupiers include Poundland, River Island, Boots the Chemist and branches of Natwest, Santander and HSBC banks.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation on the first floor and basement.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Viewings

There will be a single block viewing for this property on 1st July 2016 at 10.00am. Interested parties must register their details with the Auctioneers by 28th June 2016 and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor banking hall with ancillary accommodation on the first floor and basement.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Viewings

There will be a single block viewing for this property on 1st July 2016 at 10.00am. Interested parties must register their details with the Auctioneers by 28th June 2016 and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/Reversion)
Ground
Basement
First
Banking Hall/Ancillary
Ancillary
Ancillary
175.00 sq m
104.14 sq m
24.34 sq m
(1,884 sq ft)
(1,121 sq ft)
(262 sq ft)
CLYDESDALE
BANK PLC (1) (t/a
Yorkshire Bank)
10 years from 2016 on a full
repairing and insuring lease (2)
£40,250 (2) 2021
(2026)
Total  
303.48 sq m
(3,267 sq ft)
    £40,250 (2)

(1) Founded in Glasgow in 1838, Clydesdale Bank plc is one of the largest banks in Scotland. Yorkshire Bank is a trading name of Clydesdale Bank plc and joined the Group in 1990, operating from over 150 branches and 22 business and private banking centres in the UK (Source: www.cybg.com).
(2) The tenant is currently holding over on a 15 year lease from 5th October 1999 at a rent of £70,000 p.a.x. Terms have been agreed for a new 10 year lease at a rent of £40,250 p.a.x with a rent review on the 5th anniversary of the term and is in solicitor’s hands due to complete imminently. The lease will be subject to a tenant option to determine on the 5th anniversary of the term.

Property Documents

  • Site Plan
    Updated Date
    30.10.19
    File Size
    70 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    607 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Austin Judson 0113 283 2500austin.judson@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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