Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
Basement
Ground
Ground
First |
Ancillary (Disused)
Banking Hall
Ancillary
Ancillary |
4.18 sq m
109.53 sq m
13.10 sq m
11.71 sq m |
(45 sq ft)
(1,179 sq ft)
(141 sq ft)
(126 sq ft) |
CLYDESDALE BANK PLC (t/a Yorkshire Bank) (1) |
15 years from 25/03/2008 until 24/03/2023 (2) |
£12,500 (3) |
25/03/2018 |
| Totals |
|
138.52 sq m |
(1,491 sq ft) |
|
|
£12,500 |
|
(1) Clydesdale Bank plc is one the largest banks in Scotland with over 140 retail branches. Since 1987 it has been a member of National Australia Bank Group, one of the world’s top 40 financial companies with over 12.4 million customers worldwide. Yorkshire Bank is a trading name of Clydesdale Bank. It was founded in 1859 in Halifax, West Yorkshire, and operates from 180 branches in the North of England and the Midlands. (Source: www.cbonline.co.uk and www.ybonline.co.uk 08/01/2014) For the year ending 30/09/2013, Clydesdale Bank plc reported cash at year end of £6,545,000,000, total fixed/non-current assets of £29,268,000,000 and a total net worth of £2,410,000,000. (Source: www.riskdisk.com 08/01/2014)
(2)The lease includes a tenant’s option to renew the lease on the same terms on expiry (save for the level of rent) for a further 15 years upon giving 6 months’ prior notice.
(3)The 25/03/2013 rent review agreed £12,500 pa (from £10,000), the higher figure backdated to the date of the review.
