Yorkshire Bank 44 - 46 Market Place Dewsbury West Yorkshire WF13 1DW

Yorkshire Bank
44 - 46 Market Place
Dewsbury
West Yorkshire
WF13 1DW

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
  • Pedestrianised town centre location
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    65
  • Auction
    7th July 2016
  • Status
    Sold Post
  • Price
     
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On Behalf of CBRE Receivers
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
  • Pedestrianised town centre location
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 65
  • Auction 7th July 2016
  • Status Sold Post
  • Price  
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On Behalf of CBRE Receivers

Property Information

Situation

The property is prominently situated in the heart of the town centre on the southern side of Market Place, Dewsbury's principal pedestrianised retailing thoroughfare. Nearby occupiers include Specsavers, William Hill, Peacocks, JD Wetherspoon, NatWest, HSBC and Santander banks.

Tenure

Freehold.

Situation

The property is prominently situated in the heart of the town centre on the southern side of Market Place, Dewsbury's principal pedestrianised retailing thoroughfare. Nearby occupiers include Specsavers, William Hill, Peacocks, JD Wetherspoon, NatWest, HSBC and Santander banks.

Tenure

Freehold.

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 12.15 p.m. 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 and second floors.

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 12.15 p.m. 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
First
Second
Banking Hall/Ancillary
Office/Ancillary
Ancillary
301.97 sq m
158.67 sq m
93.83 sq m
(3,250 sq ft)
(1,708 sq ft)
(1,010 sq ft)
CLYDESDALE
BANK PLC (1) (t/a
Yorkshire Bank)
10 years from
2016 on a full
repairing and
insuring lease (2)
£44,325 (2) 2021
(2026)
Totals  
554.47 sq m
(5,968 sq ft)
    £44,325 (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 £50,000 p.a.x. Terms have been agreed for a new 10 year lease at a rent of £44,325 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
    13.11.19
    File Size
    272 KB
    View PDF
  • Catalogue Page
    Updated Date
    13.11.19
    File Size
    521 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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