Lloyds Bank
58 Yorkshire Street
Rochdale
Greater Manchester
OL16 1JP

Freehold Bank Investment

  • 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
    14/Feb/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
  • Lloyds Bank<br>58 Yorkshire Street<br>Rochdale<br>Greater Manchester<br>OL16 1JP
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  • Photos
  • Map

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.

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

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
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
£107,50012/08/2018
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.

Property Documents

  • Site Plan
    Updated Date
    23.01.18
    File Size
    445 KB
    View JPG
  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Associate Auctioneers
Metis Real Estate Eagle Buildings, 62 / 68 Cross Street
Manchester
M2 4JQ
Jonathan Phillips 0161 359 4306jphillips@metisrealestate.com
Seller's Solicitors
Cripps LLP Number 22, Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS
Michelle Parr 01892 506 223Michelle.Parr@cripps.co.uk

Useful Links

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