Yorkshire Bank 5 - 9 The Rock Bury Greater Manchester BL9 0YB

Yorkshire Bank
5 - 9 The Rock
Bury
Greater Manchester
BL9 0YB

Freehold Bank Investment

Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
10 year lease renewal until 2026 (subject to option) at a re-based rent
Tenant in occupation since at least 1999
Located opposite Mill Gate Shopping Centre housing retailers including WH Smith, Peacocks and McDonalds
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
53
Auction
7th July 2016
Rent
£47,500 per Annum Exclusive
Status
Sold
Price
£437,000
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On Behalf of CBRE Recivers

Important Update

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Freehold Bank Investment

Entirely let to Clydesdale Bank Plc t/a Yorkshire Bank
10 year lease renewal until 2026 (subject to option) at a re-based rent
Tenant in occupation since at least 1999
Located opposite Mill Gate Shopping Centre housing retailers including WH Smith, Peacocks and McDonalds
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 53
Auction 7th July 2016
Rent £47,500 per Annum Exclusive
Status Sold
Price £437,000
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On Behalf of CBRE Recivers

Property Information

Location

Miles: 10 miles north of Manchester City Centre, 38 miles north-east of Liverpool
Roads: A58, M66 (junction 2)
Rail: Bury Interchange
Air: Manchester Airport

Situation

The property is situated on the northern side of The Rock, on the edge of the pedestrianised section of the town centre. Mill Gate Shopping Centre is close by housing occupiers including Peacocks, WH Smith, Boots the Chemist, Poundland and Poundworld. Other nearby occupiers include Superdrug and branches of Lloyds, Halifax, RBS and Natwest banks.

Tenure

Freehold.

Location

Miles: 10 miles north of Manchester City Centre, 38 miles north-east of Liverpool
Roads: A58, M66 (junction 2)
Rail: Bury Interchange
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises a double fronted ground floor banking hall with ancillary accommodation at basement, first, second, third and fourth floors.

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 10.30am. Interested parties must register their details with the Auctioneers before 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 double fronted ground floor banking hall with ancillary accommodation at basement, first, second, third and fourth floors.

VAT

VAT is not applicable to this lot.

Note

Viewings

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 Basement First Second Third Fourth	Banking Hall/Ancillary Ancillary Ancillary Ancillary Ancillary Ancillary	247.30 sq m 177.48 sq m 188.00 sq m 105.60 sq m 128.40 sq m 117.00 sq m	(2,662 sq ft) (1,910 sq ft) (2,024 sq ft) (1,137 sq ft) (1,382 sq ft) (1,259 sq ft)	CLYDESDALE BANK PLC (1) (t/a Yorkshire Bank)	10 years from 2016 on a full repairing and insuring lease (2)	£47,500 (2)	2021 (2026)
Totals		963.78 sq m	(10,374 sq ft)			£47,500 (2)

(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 tenant is currently holding over on a 15 year lease from 5th October 1999 at a rent of £73,500 p.a.x. Terms have been agreed for a new 10 year lease at a rent of £47,500 p.a.x with a rent review on the 5th anniversary of the term and is in solicitor’s hands due to complete imminently. The lease will be subject to a tenant option to determine on the 5th anniversary of the term.