Yorkshire Bank 2 - 10 Northgate Wakefield West Yorkshire WF1 1TA

Yorkshire Bank
2 - 10 Northgate
Wakefield
West Yorkshire
WF1 1TA

Freehold Bank Investment

  • Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
  • 10 year lease renewal until 2026 (subject to option)
  • Tenant in occupation since at least 1999
  • Pedestrianised city centre location close to both Trinity Walk and the Ridings Shopping Centres
  • Grade II Listed
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    63
  • Auction
    7th July 2016
  • Rent
    £90,750 per Annum Exclusive
  • Status
    Sold
  • Price
    £900,000
  • 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)
  • Tenant in occupation since at least 1999
  • Pedestrianised city centre location close to both Trinity Walk and the Ridings Shopping Centres
  • Grade II Listed
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 63
  • Auction 7th July 2016
  • Rent
  • Status Sold
  • Price £900,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
6 miles east of Dewsbury
9 miles south of Leeds
Roads
A638, A642, M1, M62
Rail
Wakefield Westgate Railway Station
Wakefield Kirkgate Railway Station
Air
Leeds Bradford Airport
Situation

The property is situated in a prominent corner position on the east side of pedestrianised Northgate at its junction with Westmoreland Street, in the heart of the city centre. The property is located close to Trinity Walk Shopping Centre housing retailers including Debenhams, Next, H&M, Topshop/Topman and also the Ridings Shopping Centre which houses retailers including Marks & Spencer, Primark and Boots the Chemist. Other nearby occupiers include Tony & Guy, Costa, Waterstones and Thomas Cook.

Tenure

Freehold.

Location
Miles
6 miles east of Dewsbury
9 miles south of Leeds
Roads
A638, A642, M1, M62
Rail
Wakefield Westgate Railway Station
Wakefield Kirkgate Railway Station
Air
Leeds Bradford Airport
Situation

The property is situated in a prominent corner position on the east side of pedestrianised Northgate at its junction with Westmoreland Street, in the heart of the city centre. The property is located close to Trinity Walk Shopping Centre housing retailers including Debenhams, Next, H&M, Topshop/Topman and also the Ridings Shopping Centre which houses retailers including Marks & Spencer, Primark and Boots the Chemist. Other nearby occupiers include Tony & Guy, Costa, Waterstones and Thomas Cook.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with office and ancillary accommodation on the first floor and additional ancillary accommodation on the second floor and basement. The property benefits from frontages to both Northgate and Westmorland Street.

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 30th June 2016 at 11am. Interested parties must register their details with the Auctioneers by 27th 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 office and ancillary accommodation on the first floor and additional ancillary accommodation on the second floor and basement. The property benefits from frontages to both Northgate and Westmorland Street.

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 30th June 2016 at 11am. Interested parties must register their details with the Auctioneers by 27th 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
Second
Banking Hall/Ancillary
Ancillary
Office/Ancillary
Ancillary
245.88 sq m
102.28 sq m
187.38 sq m
73.48 sq m
(2,647 sq ft)
(1,101 sq ft)
(2,017 sq ft)
(791 sq ft)
CLYDESDALE
BANK PLC (1)
(t/a Yorkshire
Bank)
10 years from 01/06/2016 on a full
repairing and insuring lease (2)
£90,750 31/05/2021
(31/05/2026)
Totals  
609.02 sq m
(6,556 sq ft)
    £90,750

(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 lease is subject to a tenant option to determine on 31st May 2021.

Property Documents

  • Catalogue Page
    Updated Date
    13.11.19
    File Size
    717 KB
    View PDF
  • Site Plan
    Updated Date
    13.11.19
    File Size
    71 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
Thomas Jackson 0113 399 1775thomas.jackson@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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