Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
10 year lease renewal until 2026 (subject to options)
Tenant in occupation since at least 1999
Pedestrianised town centre location
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 17
Auction 7th July 2016
Rent £42,000 per Annum Exclusive
Status Sold
Price £484,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
5 miles south-west of Leeds city centre, 7 miles south-east of Bradford, 29 miles south-west of York
Roads
A643, M62 (Junction 27), M621 (Junction 27)
Rail
Morley Railway Station
Air
Leeds Bradford Airport
Situation
The property is situated on the western side of the pedestrianized section of Queen Street, close to its junction with Wesley Street, in the heart of the town centre. Other occupiers in the town include Wilko, Morrisons, Boots the Chemist, Savers and branches of Barclays, HSBC, NatWest and Lloyds banks. There is a public car park opposite with parking for approximately 70 cars.
Tenure
Freehold.
Location
Miles
5 miles south-west of Leeds city centre, 7 miles south-east of Bradford, 29 miles south-west of York
Roads
A643, M62 (Junction 27), M621 (Junction 27)
Rail
Morley Railway Station
Air
Leeds Bradford Airport
Situation
The property is situated on the western side of the pedestrianized section of Queen Street, close to its junction with Wesley Street, in the heart of the town centre. Other occupiers in the town include Wilko, Morrisons, Boots the Chemist, Savers and branches of Barclays, HSBC, NatWest and Lloyds banks. There is a public car park opposite with parking for approximately 70 cars.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with ancillary accommodation on the first floor.
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 29th June 2016 at 2.30pm. Interested parties must register their details with the Auctioneers by 26th 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 on the first floor.
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 29th June 2016 at 2.30pm. Interested parties must register their details with the Auctioneers by 26th 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
First
Banking Hall/ Ancillary Ancillary
302.80 sq m
213.95 sq m
(3,259 sq ft)
(2,303 sq ft)
CLYDESDALE BANK PLC (1) t/a Yorkshire Bank
10 years from 07/06/2016 on a full repairing and insuring lease (2)
£42,000
06/06/2021 (06/06/2026)
Totals
516.75 sq m
(5,562 sq ft)
£42,000
(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 lease is subject to tenant options to determine on 6th June 2019 and 6th June 2021.
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street Leeds LS1 2HL
