5 - 7 Ramsden Street Huddersfield West Yorkshire HD1 2SN

  • 5 - 7 Ramsden Street<br>Huddersfield<br>West Yorkshire<br>HD1 2SN

5 - 7 Ramsden Street
Huddersfield
West Yorkshire
HD1 2SN

Virtual Freehold Bank Investment

  • Entirely let to TSB Bank Plc until 2023 (no breaks)
  • Traded as Cheltenham & Gloucester from 1998 prior to Lloyds Banking Group takeover in 2013 2013 tenant break option not activated
  • Approximately 461.44 sq m (4,967 sq ft)
  • Close to The Piazza Shopping Centre and nearby occupiers including Marks & Spencer, Primark, Boots, WH Smith and Poundland
  • 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
    50
  • Auction
    22nd October 2015
  • Rent
    £76,250 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

Virtual Freehold Bank Investment

  • Entirely let to TSB Bank Plc until 2023 (no breaks)
  • Traded as Cheltenham & Gloucester from 1998 prior to Lloyds Banking Group takeover in 2013 2013 tenant break option not activated
  • Approximately 461.44 sq m (4,967 sq ft)
  • Close to The Piazza Shopping Centre and nearby occupiers including Marks & Spencer, Primark, Boots, WH Smith and Poundland
  • 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 50
  • Auction 22nd October 2015
  • Rent £76,250 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    Bank
  • Auction Venue
    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 (Junction 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 Ramsden Street. Ramsden Street is a busy thoroughfare linking pedestrianised New Street and The Piazza Shopping Centre, which houses retailers including Boots, WH Smith, BHS and Poundworld. Other nearby occupiers include Primark, Poundland, Argos, Costa and Marks & Spencer.

Tenure

Virtual Freehold. Virtual Freehold – Held from the Council of the Borough of Kirklees for a term of 999 years from 25th March 1871 at a peppercorn rent.

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 (Junction 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 Ramsden Street. Ramsden Street is a busy thoroughfare linking pedestrianised New Street and The Piazza Shopping Centre, which houses retailers including Boots, WH Smith, BHS and Poundworld. Other nearby occupiers include Primark, Poundland, Argos, Costa and Marks & Spencer.

Tenure

Virtual Freehold. Virtual Freehold – Held from the Council of the Borough of Kirklees for a term of 999 years from 25th March 1871 at a peppercorn rent.

Description

The property, an attractive period building, comprises a ground floor banking hall with office accommodation on the first floor, used as TSB’s regional training centre, and ancillary accommodation on the second floor and basement.

Six Week Completion

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.

EPC

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

Description

The property, an attractive period building, comprises a ground floor banking hall with office accommodation on the first floor, used as TSB’s regional training centre, and ancillary accommodation on the second floor and basement.

Six Week Completion

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.

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
Basement
Ground
First
Second
Ancillary
Banking Hall
Office/Ancillary
Ancillary
115.94 sq m
140.19 sq m
123.84 sq m
81.47 sq m
(1,248 sq ft)
(1,509 sq ft)
(1,333 sq ft)
(877 sq ft)
TSB BANK PLC (1) 25 years from 12/11/1998 until 11/11/2023 on a full repairing and insuring lease (2) £76,250 12/11/2018
Totals  
461.44 sq m
(4,967 sq ft)
    £76,250

(1) For the year ending 31st December 2014, TSB Bank Plc reported pre-tax profits of £169,400,000 and a total net worth of £1,642,900,000. (Source: Experian Group 23/09/2015)
(2)The lease is subject to a Schedule of Condition. The lease was subject to a break clause at the end of the 15th year in November 2013 which the tenant did not operate.

Property Documents

  • Catalogue Page
    Updated Date
    30.09.15
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    30.09.15
    File Size
    137 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

Associate Auctioneers
Cushman & Wakefield LLP 26 Spring Gardens
Manchester
M2 1AB
Simon Marshall 0161 235 7641simon.marshall@cushwake.com
Seller's Solicitors
Squire Patton Boggs (UK) LLP 7 Devonshire Square,
London
EC2M 4YH
Nicholas Impey +44 (0)20 7655 1349.nicholas.impey@squirepb.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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