Lloyds Bank 58 Yorkshire Street Rochdale Greater Manchester OL16 1JP
Lloyds Bank 58 Yorkshire Street Rochdale Greater Manchester OL16 1JP
Pedestrianised Town Centre Freehold Bank Investment
Let to Lloyds Bank Plc on a recently extended lease expiring August 2028 (NO BREAKS)
Comprises over 13,000 sq ft
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 with Rochdale Riverside Centre to the rear
Pedestrianised Town Centre Freehold Bank Investment
Let to Lloyds Bank Plc on a recently extended lease expiring August 2028 (NO BREAKS)
Comprises over 13,000 sq ft
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 with Rochdale Riverside Centre to the rear
Nearby occupiers include Santander, Costa,
B&M Bargains, Boots, 02 and Vodafone
Lot 21
Auction 25th March 2021
Rent £107,500 per Annum Exclusive
Status Sold Post
Price
Sector Bank
Auction Venue Live Streamed Auction
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. The Rochdale Exchange Shopping Centre is diagonally opposite housing occupiers including Costa, B&M Bargains, Boots and Vodafone. Other nearby occupiers include Santander, Specsavers & O2. The property also benefits from side elevation onto Bell Street (3) which leads south to the Rochdale Riverside Centre, part of a £250 million town centre regeneration program together with car parking and cinema. Occupiers in Rochdale Riverside include Greggs, Superdrug, Next & Boots.
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. The Rochdale Exchange Shopping Centre is diagonally opposite housing occupiers including Costa, B&M Bargains, Boots and Vodafone. Other nearby occupiers include Santander, Specsavers & O2. The property also benefits from side elevation onto Bell Street (3) which leads south to the Rochdale Riverside Centre, part of a £250 million town centre regeneration program together with car parking and cinema. Occupiers in Rochdale Riverside include Greggs, Superdrug, Next & Boots.
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.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to Rochdale Borough Council - www.rochdale.gov.uk
Completion Period
Completion 29th May 2021
EPC
See legal pack at www.acuitus.co.uk
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.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to Rochdale Borough Council - www.rochdale.gov.uk
Completion Period
Completion 29th May 2021
EPC
See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
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)
Term of years from 12/08/2013 until 11/08/2028 (2)
£107,500
11/08/2023 (11/08/2028)
Total
1,259.6 sq m
(13,559 sq ft)
£107,500
(1) For the year ending 31st December 2019, Lloyds Bank Plc reported a turnover of £21,664,000,000, a pre-tax profit of £3,474,000,000 and a total net worth of £34,585,000,000 (Source: NorthRow 25//02/2021) Lloyds Bank relocated from 17 Yorkshire Street, Rochdale in 2013 to the subject property. (2) The 10 year lease from 12/08/2013 was extended in 2020 to expire on 11/08/2028.
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.
