49 / 51 High Street Skipton North Yorkshire BD23 1DT

49 / 51 High Street
Skipton
North Yorkshire
BD23 1DT

Freehold Bank Investment & Residential Development

  • Attractive Grade II listed bank
  • Majority let to Barclays Bank Plc on a lease expiring 2026
  • Planning Permission for two flats on vacant 2nd floor (1)
  • Adjacent to Craven Court Shopping Centre
  • VAT-free investment
  • Lot
    21
  • Auction
    12th February 2020
  • Rent
    £140,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,750,000
  • Sector
    Bank
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • On Behalf of Praxis
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Bank Investment & Residential Development

  • Attractive Grade II listed bank
  • Majority let to Barclays Bank Plc on a lease expiring 2026
  • Planning Permission for two flats on vacant 2nd floor (1)
  • Adjacent to Craven Court Shopping Centre
  • VAT-free investment
  • Lot 21
  • Auction 12th February 2020
  • Rent
  • Status Sold
  • Price £1,750,000
  • Sector
    Bank
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • On Behalf of Praxis

Property Information

Location
Miles
25 miles north-west of Leeds
27 miles north-east of Blackburn
41 miles west of York
Roads
A59, A629, A65
Rail
Skipton Rail
Air
Leeds Bradford Airport
Situation

Skipton is a popular market town in North Yorkshire, just south of the Yorkshire Dales. The property occupies a prominent position on High Street, adjacent to the Craven Court Shopping Centre which houses occupiers including H Samuel, Fat Face, Laura Ashley and Joules. Other nearby occupiers include Boots, Greggs, Costa, HSBC, The Works, Skipton Building Society and Edinburgh Woollen Mill.

Tenure

Freehold.

Location
Miles
25 miles north-west of Leeds
27 miles north-east of Blackburn
41 miles west of York
Roads
A59, A629, A65
Rail
Skipton Rail
Air
Leeds Bradford Airport
Situation

Skipton is a popular market town in North Yorkshire, just south of the Yorkshire Dales. The property occupies a prominent position on High Street, adjacent to the Craven Court Shopping Centre which houses occupiers including H Samuel, Fat Face, Laura Ashley and Joules. Other nearby occupiers include Boots, Greggs, Costa, HSBC, The Works, Skipton Building Society and Edinburgh Woollen Mill.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with first floor office and ancillary accommodation and basement storage. The second floor provides self-contained office accommodation accessed via
High Street. The property is Grade II listed.

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk

Description

The property comprises a ground floor banking hall with first floor office and ancillary accommodation and basement storage. The second floor provides self-contained office accommodation accessed via
High Street. The property is Grade II listed.

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
Basement
First
Banking Hall
Storage
Office/Ancillary
477.0 sq m
47.1 sq m
237.0 sq m
Sub TotaI - 761.1 sq m
(5,134 sq ft)
(507 sq ft)
(2,551 sq ft)
(8,192 sq ft)
BARCLAYS BANK
PLC (2)
20 years from
29/09/2006 (3)
£140,000 25/12/2019
5 yearly
Second  
116.30 sq m
(1,252 sq ft)
VACANT (1)      
Total  
877.4 sq m
(9,444 sq ft)
    £140,000  

(1) The vacant second floor was granted planning consent (2018/19420/FUL) on 1st August 2018 for conversion to 2 x 1 bedroom flats. Craven District Council www.cravendc.gov.uk
(2) For the year ending 31st December 2018, Barclays Bank Plc did not report a turnover, but did report pre-tax profits of £1,286,000,000 and a total net worth of £46,382,000,000 (Source: Experian Group: 13/01/2020).
3) The option to determine on 29/09/2021 has been removed in exchange for a 12 month rent free period which expired in 2019.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.20
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    22.01.20
    File Size
    864 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Praxis Law 13 Police Street Manchester
Manchester
M2 7LQ
Mark Balmforth 01618308868mark.balmforth@praxis-law.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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