3 George Street Tamworth Staffordshire B79 7LH

3 George Street
Tamworth
Staffordshire
B79 7LH

Prime Freehold Bank Investment

  • Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank on a recently renewed 10 year lease (subject to option)
  • Prime pedestrianised location adjacent to the entrance to the Ankerside Shopping Centre
  • Nearby occupiers include Superdrug, Santander, LLoyds Bank and Burton
  • Approximately 375.14 sq m (4,038 sq ft) of well configured retail space
  • Situated in an Affluent Market Town
  • Lot
    31
  • Auction
    11th December 2014
  • Rent
    £62,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    Bank
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
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  • Map

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

Prime Freehold Bank Investment

  • Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank on a recently renewed 10 year lease (subject to option)
  • Prime pedestrianised location adjacent to the entrance to the Ankerside Shopping Centre
  • Nearby occupiers include Superdrug, Santander, LLoyds Bank and Burton
  • Approximately 375.14 sq m (4,038 sq ft) of well configured retail space
  • Situated in an Affluent Market Town
  • Lot 31
  • Auction 11th December 2014
  • Rent
  • Status Withdrawn Prior
  • Price  
  • Sector
    Bank
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
14 miles north-east of Birmingham 23 miles north of Coventry 30 miles west of Leicester
Roads
A5, M42 (Junction 10), M1
Rail
Tamworth Railway Station
Air
Birmingham International Airport
Situation

The property is situated in a prime retail position immediately adjacent to the principal entrance to the Ankerside Shopping Centre. Nearby occupiers include Superdrug, Santander, LLoyds Bank and Burton.

Tenure

Freehold.

Location
Miles
14 miles north-east of Birmingham 23 miles north of Coventry 30 miles west of Leicester
Roads
A5, M42 (Junction 10), M1
Rail
Tamworth Railway Station
Air
Birmingham International Airport
Situation

The property is situated in a prime retail position immediately adjacent to the principal entrance to the Ankerside Shopping Centre. Nearby occupiers include Superdrug, Santander, LLoyds Bank and Burton.

Tenure

Freehold.

Description

The property, an attractive Grade II listed building, comprises a ground floor banking hall with first floor staff and ancillary accommodation. The property benefits from car parking to the rear.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

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

Description

The property, an attractive Grade II listed building, comprises a ground floor banking hall with first floor staff and ancillary accommodation. The property benefits from car parking to the rear.

Six Week Completion

VAT

VAT is applicable to this lot.

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
First
Banking Hall
Staff/Ancillary
235.60 sq m
139.54 sq m
(2,536 sq ft)
(1,502 sq ft)
CLYDESDALE BANK PLC t/a Yorkshire Bank (1) (2) 10 years from 25/12/2013 on a full repairing and insuring lease (3) £62,000 25/12/2018
(26/12/2023)
Totals  
375.14 sq m
(4,038 sq ft)
    £62,000

(1) Founded in Glasgow in 1838, Clydesdale Bank plc is one the largest banks in Scotland. It is a member of National Australia Bank Group (NAB), one of the world’s top 40 financial companies with over 12.4 million customers worldwide
(Source: www.cbonline.co.uk). For the year ending 30th September 2013, Clydesdale Bank plc reported a pre-tax loss of -£33,000,000, total current assets of £7,364,000,000 and a total net worth of £2,410,000,000. (Source: www.riskdisk.com 14/11/2014)
(2)Yorkshire Bank was founded in 1859 and has 182 retail branches. Yorkshire Bank is a trading name of Clydesdale Bank plc. Yorkshire Bank joined the Group in 1990. (Source: ybonline.co.uk)
(3)There is a tenant’s only option to determine on 23/12/2018, subject to 6 months’ prior written notice.

Property Documents

  • Site Plan
    Updated Date
    18.11.14
    File Size
    101 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.14
    File Size
    581 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
Hamlins LLP 287 Regents Street
London
W1B 2AD
Joseph Holder 0207 355 6112jholder@hamlins.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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