Yorkshire Bank 7 Stricklandgate Kendal Cumbria LA9 4NB

Yorkshire Bank
7 Stricklandgate
Kendal
Cumbria
LA9 4NB

Freehold Bank Investment

  • Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
  • 10 year lease renewal until 2026 (subject to options) at a re-based rent
  • Tenant in occupation since at least 1999
  • Nearby retailers include TK Maxx, WH Smith, Boots the Chemist and Fat Face
  • Gateway to the Lake District
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    9
  • Auction
    7th July 2016
  • Rent
    £46,750 per Annum Exclusive
  • Status
    Sold
  • Price
    £580,000
  • 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 options) at a re-based rent
  • Tenant in occupation since at least 1999
  • Nearby retailers include TK Maxx, WH Smith, Boots the Chemist and Fat Face
  • Gateway to the Lake District
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 9
  • Auction 7th July 2016
  • Rent
  • Status Sold
  • Price £580,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of CBRE Receivers

Property Information

Location
Miles
47 miles south of Carlisle, 70 miles north of Manchester, 8 miles east of Windermere
Roads
A6, A590, A684, M6 (Junction 36)
Rail
Kendal Rail Station
Air
Newcastle Airport
Situation

The property occupies a prominent corner position on the eastern side of Stricklandgate, at the junction of Highgate and Finkle Street, in the heart of the town centre. Westmorland Shopping Centre is a short walk away housing occupiers including Poundland, Boots the Chemist, Peacocks and Topshop. Other occupiers in the town include TK Maxx, New Look, WH Smith and branches of Barclays, Halifax and Santander banks. There is a public car park with parking for approximately 300 cars close by.

Tenure

Freehold.

Location
Miles
47 miles south of Carlisle, 70 miles north of Manchester, 8 miles east of Windermere
Roads
A6, A590, A684, M6 (Junction 36)
Rail
Kendal Rail Station
Air
Newcastle Airport
Situation

The property occupies a prominent corner position on the eastern side of Stricklandgate, at the junction of Highgate and Finkle Street, in the heart of the town centre. Westmorland Shopping Centre is a short walk away housing occupiers including Poundland, Boots the Chemist, Peacocks and Topshop. Other occupiers in the town include TK Maxx, New Look, WH Smith and branches of Barclays, Halifax and Santander banks. There is a public car park with parking for approximately 300 cars close by.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall, with ancillary accommodation at basement and first 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 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 ancillary accommodation at basement and first 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 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
Basement
First
Banking Hall/Ancillary
Ancillary
Ancillary
91.20 sq m
81.29 sq m
75.25 sq m
(982 sq ft)
(875 sq ft)
(810 sq ft)
CLYDESDALE
BANK PLC (1) (t/a
Yorkshire Bank)
10 years from 2016
on a full repairing & insuring lease
(2)
£46,750 (2) 2021
(2026)
Total  
247.74 sq m
(2,667 sq ft)
    £46,750 (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 £51,500 p.a.x. Terms have been agreed for a new 10 year lease at a rent of £46,750 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 tenant options to determine on the 3rd and 5th anniversaries of the term.

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    1,013 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    70 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
Richard Brearley 0113 283 2500richard.brearley@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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