HSBC Bank, Church Lane, Pudsey Leeds West Yorkshire LS28 7DN

HSBC Bank, Church Lane, Pudsey
Leeds
West Yorkshire
LS28 7DN

Freehold Bank Investment

Entirely let to HSBC Bank plc on a 10 year lease until 2020
Prominent corner position in town centre location
Approximately 7.8 miles from Junction 28 of the M62 and 10 miles from Junction 42 of the M1
Minimum fixed rental increase to £33,500 in 2015
Nearby occupiers include NatWest Bank, Yorkshire Bank, William Hill, Boots the Chemist and Pudsey Town Hall
Six Week Completion Period Available

Lot
1
Auction
26th May 2011
Rent
£26,800 per Annum Exclusive
Status
Sold
Price
£440,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Baker Tilly Acting as Joint LPA Receivers

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Freehold Bank Investment

Entirely let to HSBC Bank plc on a 10 year lease until 2020
Prominent corner position in town centre location
Approximately 7.8 miles from Junction 28 of the M62 and 10 miles from Junction 42 of the M1
Minimum fixed rental increase to £33,500 in 2015
Nearby occupiers include NatWest Bank, Yorkshire Bank, William Hill, Boots the Chemist and Pudsey Town Hall
Six Week Completion Period Available

Lot 1
Auction 26th May 2011
Rent £26,800 per Annum Exclusive
Status Sold
Price £440,000
Sector
Bank
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Baker Tilly Acting as Joint LPA Receivers

Property Information

Location

Miles: 4.7 miles east of Bradford, 5.7 miles west of Leeds
Roads: A647, M62 (Junction 28), M1 (Junction 42)
Rail: New Pudsey Railway Station, Bramley (West Yorks) Railway Station
Air: Leeds Bradford Airport

Situation

The property is situated in a prominent town centre location on a crossroads at the junction of Church Lane and Robin Lane. Nearby occupiers include National Westminster Bank, Yorkshire Bank, William Hill, Boots the Chemist and Pudsey Town Hall.

Tenure

Freehold.

Location

Miles: 4.7 miles east of Bradford, 5.7 miles west of Leeds
Roads: A647, M62 (Junction 28), M1 (Junction 42)
Rail: New Pudsey Railway Station, Bramley (West Yorks) Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall and offices with staff rooms and ancillary accommodation on the basement and first floors. Additionally, the property benefits from three self-contained residential flats on second and third floors and external car parking.

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site.
Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857

EPC

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

Description

VAT

VAT is not applicable to this lot.

Viewings

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	Reviews
Ground/ Basement First	Banking Hall/Offices Storage/Ancillary/Staff Accommodation Storage/Ancillary/Staff Accommodation	175.39 sq m 13.75 sq m 82.68 sq m	(1,888 sq ft) (148 sq ft) (890 sq ft	HSBC BANK PLC (1)	10 years from 12/05/2010 until 11/05/2020 on a full repairing and insuring lease	£26,800	12/05/2015 (2)
Second Third	Residential Residential	3 Residential Flats – Not Measured (3)		HSBC BANK PLC (1)		£26,800	12/05/2015 (2)
Totals		271.82 sq m	(2,926 sq ft)			£26,800

(1) For the year ending 31st December 2009, HSBC Bank plc reported a turnover of £25,137,000,000, pre-tax profits of £4,014,000,000 and total net worth of £16,588,000,000. (Source: www.riskdisk.com 13/04/2011)
(2) The lease provides for the rent to be reviewed to the higher of open market rental value or a minimum rental increase to £33,500 p.a.x.
(3) The residential accommodation has been sublet by HSBC Bank plc.