Yorkshire Bank 10 & 10a Church Street Peterborough Cambridgeshire PE1 1XB

Yorkshire Bank
10 & 10a Church Street
Peterborough
Cambridgeshire
PE1 1XB

Freehold Bank Investment

  • Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
  • 10 year lease renewal until 2026 (subject to options)
  • Tenant in occupation since at least1999
  • Pedestrianised city centre location close to the Queensgate Shopping Centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    30
  • Auction
    7th July 2016
  • Rent
    £60,375 per Annum Exclusive
  • Status
    Sold
  • Price
    £960,000
  • 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 options)
  • Tenant in occupation since at least1999
  • Pedestrianised city centre location close to the Queensgate Shopping Centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 30
  • Auction 7th July 2016
  • Rent
  • Status Sold
  • Price £960,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
41 miles east of Leicester, 41 miles north-east of Northampton, 81 miles north of London
Roads
A15, A1139, A47, A1(M) Junction 17
Rail
Peterborough Railway Station
Air
Birmingham International Airport, Luton Airport
Situation

The property is situated in a prominent corner position on the south side of pedestrianised Church Street at its junction with Cross Street. The property benefits from being close to Queensgate Shopping Centre, which houses retailers including Marks & Spencer, John Lewis, Primark, H&M and Boots the Chemist. Other nearby occupiers include Pizza Express, Prezzo, Sports Direct and branches of HSBC and Barclays banks.

Tenure

Freehold.

Location
Miles
41 miles east of Leicester, 41 miles north-east of Northampton, 81 miles north of London
Roads
A15, A1139, A47, A1(M) Junction 17
Rail
Peterborough Railway Station
Air
Birmingham International Airport, Luton Airport
Situation

The property is situated in a prominent corner position on the south side of pedestrianised Church Street at its junction with Cross Street. The property benefits from being close to Queensgate Shopping Centre, which houses retailers including Marks & Spencer, John Lewis, Primark, H&M and Boots the Chemist. Other nearby occupiers include Pizza Express, Prezzo, Sports Direct and branches of HSBC and Barclays banks.

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. The property benefits from being accessible from both Church Street and Cross 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 28th June 2016 at 10.30am. Interested parties must register their details with the Auctioneers by 25th 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. The property benefits from being accessible from both Church Street and Cross 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 28th June 2016 at 10.30am. Interested parties must register their details with the Auctioneers by 25th 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
219.35 sq m
143.25 sq m
33.07 sq m
(2,361 sq ft)
(1,542 sq ft)
(356 sq ft)
CLYDESDALE
BANK PLC (1)
(t/a Yorkshire Bank)
10 years from 31/05/2016
on a full repairing and
insuring lease (2)
£60,375 30/05/2021
(30/05/2026)
Totals  
395.67 sq m
(4,259 sq ft)
    £60,375

(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 tenant options to determine on 30th May 2019 and 30th May 2021.

Property Documents

  • Site Plan
    Updated Date
    30.10.19
    File Size
    62 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    608 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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