Let to Barclays Bank PLC until 2028 (subject to option)
Immediately Adjacent to the Packhorse Shopping Centre
Tenant has undertaken a significant recent refurbishment programme of the branch
Nearby occupiers include Mcdonald’s, Marks & Spencer and Caffe Nero
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 26
Auction 19th May 2016
Rent £108,330 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
15 miles south-west of Leeds, 25 miles north-east of Manchester, 26 miles north-west of Sheffield
Roads
A62, A640, A629, M62 (Junctions 23/24)
Rail
Huddersfield Railway Station
Air
Leeds Bradford Airport
Situation
The property is situated on the east side of pedestrianised Market Place in the town centre and adjacent to an entrance to the Packhorse Shopping Centre. Nearby occupiers include Mcdonald's, Marks & Spencer, Caffe Nero and Vision Express.
Tenure
Virtual Freehold. Held for a term of 900 years from 25th March 1967 at a fixed ground rent of £38.50 per annum (4).
Location
Miles
15 miles south-west of Leeds, 25 miles north-east of Manchester, 26 miles north-west of Sheffield
Roads
A62, A640, A629, M62 (Junctions 23/24)
Rail
Huddersfield Railway Station
Air
Leeds Bradford Airport
Situation
The property is situated on the east side of pedestrianised Market Place in the town centre and adjacent to an entrance to the Packhorse Shopping Centre. Nearby occupiers include Mcdonald's, Marks & Spencer, Caffe Nero and Vision Express.
Tenure
Virtual Freehold. Held for a term of 900 years from 25th March 1967 at a fixed ground rent of £38.50 per annum (4).
Description
The property comprises a ground floor banking hall with ancillary accommodation on basement and sub-basement and office accommodation on the first and second floors. The property benefits from being immediately adjacent to the Packhorse Shopping Centre. The seller understands that the property is used as a major regional branch and the tenant has undertaken a significant recent refurbishment programme. The property also comprises an additional retail unit and a kiosk, both of which will be subject to 850 year leases (4).
Six Week Completion
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site.
Please contact Alec Linfield. Telephone: +44 (0)20 7034 4860.
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 basement and sub-basement and office accommodation on the first and second floors. The property benefits from being immediately adjacent to the Packhorse Shopping Centre. The seller understands that the property is used as a major regional branch and the tenant has undertaken a significant recent refurbishment programme. The property also comprises an additional retail unit and a kiosk, both of which will be subject to 850 year leases (4).
Six Week Completion
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site.
Please contact Alec Linfield. Telephone: +44 (0)20 7034 4860.
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
Reviews
Ground Basement Sub-Basement First Floor Second Floor
Banking Hall Ancillary Ancillary Offices Offices
224.82 sq m 136.66 sq m 100.98 sq m 166.20 sq m 155.05 sq m
20 years from 12/08/2008 until 2028 on a full repairing and insuring lease (2) (3)
£108,330
12/08/2018 12/08/2023
Totals
783.71 sq m
(8,436 sq ft)
£108,330
(1) For the year ending 31st December 2015, Barclays Bank PLC reported a pre-tax profit of £2,841,000,000 and a total net worth of £55,845,000,000. (Source: www.riskdisk.com 19/04/2016). (2) The lease provides for a tenant option to determine the lease on 12th August 2023. (3) The lease is subject to a schedule of condition, details of which are in the legal pack. (4) The 900 year leasehold interest comprises the lease in favour of Barclays Bank and 2 separate 850 year leases at a fixed ground rent of £100 each for the 2 retail units.
