Let to Lloyds Bank Plc until August 2023 (no breaks)
Store relocated within Rochdale to this pitch in 2013
Prime pedestrianised pitch diagonally opposite The Rochdale Exchange Shopping Centre and adjacent to The Wheatsheaf Shopping Centre
Nearby occupiers include Marks & Spencers (immediately adjacent), Costa, B&M Bargains, Boots and Vodafone
Lot 18
Auction 14th February 2018
Rent £107,500 per Annum Exclusive
Status Sold Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of a Major Plc
Property Information
Location
Miles
14 miles north of Manchester, 35 miles south-west of Leeds, 70 miles north-west of Sheffield
Roads
A627, M66, M60, M62 (Junction 20)
Rail
Rochdale Rail. Tram: Manchester Metrolink
Air
Manchester Airport
Situation
The property is prominently situated on the eastern side of Yorkshire Street, Rochdale's prime pedestrianised retail thoroughfare. Marks & Spencer is immediately adjacent, with the Rochdale Exchange Shopping Centre diagonally opposite housing occupiers including Costa, B&M Bargains, Boots and Vodafone. Other nearby occupiers include Wilko, JD Sports and Poundworld. The property also benefits from side elevation onto Bell Street which leads south to Rochdale Market and Rochdale's Transport Interchange.
Tenure
Freehold.
Location
Miles
14 miles north of Manchester, 35 miles south-west of Leeds, 70 miles north-west of Sheffield
Roads
A627, M66, M60, M62 (Junction 20)
Rail
Rochdale Rail. Tram: Manchester Metrolink
Air
Manchester Airport
Situation
The property is prominently situated on the eastern side of Yorkshire Street, Rochdale's prime pedestrianised retail thoroughfare. Marks & Spencer is immediately adjacent, with the Rochdale Exchange Shopping Centre diagonally opposite housing occupiers including Costa, B&M Bargains, Boots and Vodafone. Other nearby occupiers include Wilko, JD Sports and Poundworld. The property also benefits from side elevation onto Bell Street which leads south to Rochdale Market and Rochdale's Transport Interchange.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with office/ancillary accommodation towards the rear and further ancillary accommodation on basement and first floor levels. The property benefits from a side elevation fronting Bell Street.
VAT
VAT is applicable to this lot.
Viewings
There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Georgina Roberts if you would be interested in viewing Email: georgina.roberts@acuitus.co.uk Telephone: +44 (0)20 7034 4863.
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 retail unit with office/ancillary accommodation towards the rear and further ancillary accommodation on basement and first floor levels. The property benefits from a side elevation fronting Bell Street.
VAT
VAT is applicable to this lot.
Viewings
There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Georgina Roberts if you would be interested in viewing Email: georgina.roberts@acuitus.co.uk Telephone: +44 (0)20 7034 4863.
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
Ground Basement First
Retail Ancillary Ancillary
595.1 sq m 542.1 sq m 122.4 sq m
(6,406 sq ft) (5,835 sq ft) (1,318 sq ft)
LLOYDS BANK PLC (1)
10 years from 12/08/2013 until 11/08/2023
£107,500
12/08/2018
Total
1,259.6 sq m
(13,559 sq ft)
£107,500
(1) For the year ending 31st December 2016, Lloyds Bank Plc reported a pre-tax profits of £1,977,000,000 and a total net worth of £49,326,000,000 (Source: Experian Group 11/01/2018). Lloyds Bank relocated from 17 Yorkshire Street, Rochdale in 2013 to the subject property.
Contacts
Associate Auctioneers
Metis Real Estate Northern Assurance Buildings, Albert Square
Princess Street Manchester M2 4DN
