Santander, 9 / 11 King Street Huddersfield West Yorkshire HD1 2ER

Santander, 9 / 11 King Street
Huddersfield
West Yorkshire
HD1 2ER

Prime Bank Investment

  • Entirely let to Santander UK plc
  • Tenant recently completed substantial alterations to enable occupation of the first and second floors
  • Situated opposite Marks & Spencer and The Piazza Shopping Centre
  • Other nearby occupiers include Boots, WH Smith, BHS and Caffè Nero
  • VAT free Investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    19
  • Auction
    22nd October 2015
  • Rent
    £140,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,620,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Legal & General
  • Expand
  • Photos
  • Map

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

Prime Bank Investment

  • Entirely let to Santander UK plc
  • Tenant recently completed substantial alterations to enable occupation of the first and second floors
  • Situated opposite Marks & Spencer and The Piazza Shopping Centre
  • Other nearby occupiers include Boots, WH Smith, BHS and Caffè Nero
  • VAT free Investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 19
  • Auction 22nd October 2015
  • Rent
  • Status Sold
  • Price £1,620,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Legal & General

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 prominently situated in the heart of the town centre, on the north side of pedestrianised King Street at its junction with Market Walk, opposite Marks & Spencer. The property is also situated opposite The Piazza Shopping Centre, housing occupiers including Boots, WH Smith, BHS and Argos. The Kingsgate Shopping Centre, anchored by House of Fraser, is located close by, as are retailers including Morrisons, Caffè Nero, KFC, Costa and HSBC Bank.

Tenure

Virtual Freehold. Virtual Freehold. Held by way of two 999 year leases from 25th March 1898 and 29th September 1941, each at a rent of £50 per annum.

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 prominently situated in the heart of the town centre, on the north side of pedestrianised King Street at its junction with Market Walk, opposite Marks & Spencer. The property is also situated opposite The Piazza Shopping Centre, housing occupiers including Boots, WH Smith, BHS and Argos. The Kingsgate Shopping Centre, anchored by House of Fraser, is located close by, as are retailers including Morrisons, Caffè Nero, KFC, Costa and HSBC Bank.

Tenure

Virtual Freehold. Virtual Freehold. Held by way of two 999 year leases from 25th March 1898 and 29th September 1941, each at a rent of £50 per annum.

Description

The property comprises a ground floor banking hall with ancillary accommodation in the basement and office and ancillary accommodation on the first and second floors. The third floor is not currently used by the tenant. The property benefits from a return frontage to pedestrianised Market Walk.
The tenant has recently completed substantial alterations to the property to enable them to additionally occupy the first and second floors, which were previously let to a gym operator.

Six Week Completion (subject to landlord's consent to assign)

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore.
Email: will.moore@acuitus.co.uk

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 in the basement and office and ancillary accommodation on the first and second floors. The third floor is not currently used by the tenant. The property benefits from a return frontage to pedestrianised Market Walk.
The tenant has recently completed substantial alterations to the property to enable them to additionally occupy the first and second floors, which were previously let to a gym operator.

Six Week Completion (subject to landlord's consent to assign)

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore.
Email: will.moore@acuitus.co.uk

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 Reversion
Basement
Ground
First
Second
Third
Ancillary
Banking Hall
Offices/Ancillary
Offices/Ancillary
Ancillary
139.63 sq m
231.32 sq m
214.60 sq m
219.06 sq m
199.38 sq m
(1,503 sq ft)
(2,490 sq ft)
(2,310 sq ft)
(2,358 sq ft)
(2,146 sq ft)
SANTANDER UK
PLC (1)
Approx 10 years and 8 months from 21/04/2010 on
a full repairing and insuring lease
£140,000 31/12/2020
Totals  
1,003.99 sq m
10,807 sq ft)
    £140,000

(1) For the year ending 31/12/2014, Santander UK Plc reported pre-tax profits of £1,399,000,000 and a total net worth of £12,006,000,000. (Source: www.experian.com 14/09/2015)

Property Documents

  • Catalogue Page
    Updated Date
    30.09.15
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    30.09.15
    File Size
    107 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
Eversheds LLP Bridgewater Place, Water Lane
Leeds
LS11 5DR
Emma Whitworth 0113 200 4379emmawhitworth@eversheds.com

Useful Links

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

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