3 George Street Tamworth Staffordshire B79 7LH

3 George Street
Tamworth
Staffordshire
B79 7LH

Prime Freehold Bank Investment

Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank on a recently renewed 10 year lease (subject to option)
Prime pedestrianised location adjacent to the entrance to the Ankerside Shopping Centre
Nearby occupiers include Superdrug, Santander, LLoyds Bank and Burton
Approximately 375.14 sq m (4,038 sq ft) of well configured retail space
Situated in an Affluent Market Town

Lot
31
Auction
11th December 2014
Rent
£62,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Prime Freehold Bank Investment

Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank on a recently renewed 10 year lease (subject to option)
Prime pedestrianised location adjacent to the entrance to the Ankerside Shopping Centre
Nearby occupiers include Superdrug, Santander, LLoyds Bank and Burton
Approximately 375.14 sq m (4,038 sq ft) of well configured retail space
Situated in an Affluent Market Town

Lot 31
Auction 11th December 2014
Rent £62,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Bank
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 14 miles north-east of Birmingham 23 miles north of Coventry 30 miles west of Leicester
Roads: A5, M42 (Junction 10), M1
Rail: Tamworth Railway Station
Air: Birmingham International Airport

Situation

The property is situated in a prime retail position immediately adjacent to the principal entrance to the Ankerside Shopping Centre. Nearby occupiers include Superdrug, Santander, LLoyds Bank and Burton.

Tenure

Freehold.

Location

Miles: 14 miles north-east of Birmingham 23 miles north of Coventry 30 miles west of Leicester
Roads: A5, M42 (Junction 10), M1
Rail: Tamworth Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property, an attractive Grade II listed building, comprises a ground floor banking hall with first floor staff and ancillary accommodation. The property benefits from car parking to the rear.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is 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/(Reversion)
Ground First	Banking Hall Staff/Ancillary	235.60 sq m 139.54 sq m	(2,536 sq ft) (1,502 sq ft)	CLYDESDALE BANK PLC t/a Yorkshire Bank (1) (2)	10 years from 25/12/2013 on a full repairing and insuring lease (3)	£62,000	25/12/2018 (26/12/2023)
Totals		375.14 sq m	(4,038 sq ft)			£62,000

(1) Founded in Glasgow in 1838, Clydesdale Bank plc is one the largest banks in Scotland. It is 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). 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 14/11/2014)
(2)Yorkshire Bank was founded in 1859 and has 182 retail branches. Yorkshire Bank is a trading name of Clydesdale Bank plc. Yorkshire Bank joined the Group in 1990. (Source: ybonline.co.uk)
(3)There is a tenant’s only option to determine on 23/12/2018, subject to 6 months’ prior written notice.