Entirely let to Clydesdale Bank plc on a 15 year lease until 2023
Prominent High Street location with return frontage
Nearby occupiers include RBS Bank, Boots the Chemist, Optical Express Optician and Poundland
Clydesdale Bank plc are part of the National Australia Banking Group
Six Week Completion
Lot 36
Auction 22nd May 2014
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
10 miles north-east of Glasgow, 51 miles west of Edinburgh
Roads
A806, M80, M8, M73
Rail
Lenzie 1.5 miles
Air
Glasgow Airport 18 miles
Situation
The property is situated on the western side of Cowgate, in a prominent position on Kirkintilloch’s main retailing thoroughfare and close to its junction with Kerr Street and Catherine Street
Tenure
Heritable.
Location
Miles
10 miles north-east of Glasgow, 51 miles west of Edinburgh
Roads
A806, M80, M8, M73
Rail
Lenzie 1.5 miles
Air
Glasgow Airport 18 miles
Situation
The property is situated on the western side of Cowgate, in a prominent position on Kirkintilloch’s main retailing thoroughfare and close to its junction with Kerr Street and Catherine Street
Tenure
Heritable.
Description
The property comprises a ground floor banking hall and offices with further office and ancillary accommodation to the first floor. The property has a return frontage and an ATM to each aspect.
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Sandy Hamilton.
Tel: +44 (0)20 7034 4861.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall and offices with further office and ancillary accommodation to the first floor. The property has a return frontage and an ATM to each aspect.
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Sandy Hamilton.
Tel: +44 (0)20 7034 4861.
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
Reviews
Ground First
Banking Hall Office and Ancillary
163.96 sq m 68.74 sq m
(1,765 sq ft) (740 sq ft)
CLYDESDALE BANK PLC (1)
15 years from 24/06/2008 until 23/06/2023 on a full repairing and insuring lease
£35,000
24/06/2018
Totals
232.70 sq m
(2,505 sq ft)
£35,000
(1) Founded in Glasgow in 1838, Clydesdale Bank plc is one the largest banks in Scotland. It has over 140 retail branches and since 1987 it has been a member of National Australia Bank Group (NAB), one of the world’s top 40 financial companies with over 12.4 million customers worldwide (Source: www.cbonline.co.uk 14/04/2014). For the year ending 30th September 2013, Clydesdale Bank plc reported a pre-tax loss of -£33,000,000, total current assets of £7,364,000,000 and a total net worth of £2,410,000,000. (Source: www.riskdisk.com 14/04/2014)
