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
  • Nearby occupiers include Santander, Costa,
  • B&M Bargains, Boots, 02 and Vodafone
  • Lot
    21
  • Auction
    25/Mar/2021
  • Rent
    £107,500 per Annum Exclusive
  • Status
    Sold Post
  • Price*
     
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
Important Update
  • Lloyds Bank<br>58 Yorkshire Street<br>Rochdale<br>Greater Manchester<br>OL16 1JP
  • Expand
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(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)
£107,50011/08/2023
(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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    25.03.21
    File Size
    67 MB
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  • Catalogue Page
    Updated Date
    05.03.21
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    05.03.21
    File Size
    782 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Boodle Hatfield 240 Blackfriars Road
London
SE1 8NW
James True 02070798244jtrue@boodlehatfield.com

Useful Links

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