Entirely let to Clydesdale Bank Plc (t/a Yorkshire Bank)
5 year lease renewal (subject to option) at a re-based rent
Tenant in occupation since at least 1999
Pedestrianised City Centre location close to The Bridges Shopping Centre
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 68
Auction 8th December 2016
Rent £51,200 per Annum Exclusive
Status Sold
Price £450,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of receivers at CBRE
Property Information
Location
Miles
13 miles south-east of Newcastle upon Tyne, 13 miles south-west of Durham
Roads
A1018, A1231, A19, A1(M)
Rail
Sunderland Railway Station
Air
Newcastle Airport
Situation
The property is prominently situated on the south side of the busy pedestrianised Blandford Street in the heart of the City Centre close to The Bridges Shopping Centre, which houses occupiers including Debenhams, TK Maxx, H&M and Next. Other nearby occupiers include Holland & Barrett, Home Bargains, Greggs, Poundstretcher and Peacocks.
Tenure
Freehold.
Location
Miles
13 miles south-east of Newcastle upon Tyne, 13 miles south-west of Durham
Roads
A1018, A1231, A19, A1(M)
Rail
Sunderland Railway Station
Air
Newcastle Airport
Situation
The property is prominently situated on the south side of the busy pedestrianised Blandford Street in the heart of the City Centre close to The Bridges Shopping Centre, which houses occupiers including Debenhams, TK Maxx, H&M and Next. Other nearby occupiers include Holland & Barrett, Home Bargains, Greggs, Poundstretcher and Peacocks.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with ancillary accommodation on the first and second 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. Interested parties must register their details with the Auctioneers 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 and second 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. Interested parties must register their details with the Auctioneers 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
Reversion
Ground First Second
Banking Hall/Ancillary Ancillary Ancillary
236.70 sq m 149.50 sq m 66.10 sq m
(2,548 sq ft) (1,609 sq ft) (712 sq ft)
CLYDESDALE BANK PLC (1) (t/a Yorkshire Bank)
5 years from 13/07/2016 on a full repairing and insuring lease (2)
£51,200
12/07/2021
Totals
452.30 sq m
(4,869 sq ft)
£51,200
(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 a tenant option to determine on 12th July 2019, subject to six months prior written notice.
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street Leeds LS1 2HL
