5 - 7 Ramsden Street Huddersfield West Yorkshire 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Withdrawn Post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
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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Status Withdrawn Post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

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

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.