12 Northgate
Dewsbury
West Yorkshire
WF13 1DT

Freehold Bank Investment on a New 5 year lease & Vacant upper floors (1)

  • Ground Floor let to Santander UK PLC on a new
  • 5 year lease (NO Breaks)
  • Bank lease renewal from 25th December 2020
  • VAT-free Investment
  • Potential development opportunity of the vacant upper floors (1)
  • Lot
    46
  • Auction
    16/Jun/2021
  • Rent
    £12,200 per Annum Exclusive
  • Status
    Available
  • Price*
    £150,000 - £160,000
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
  • On Instructions of a Major Property Company
Important Update
  • 12 Northgate<br>Dewsbury<br>West Yorkshire<br>WF13 1DT
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
9 miles south-west of Leeds
10 miles south-east of Bradford
Roads
A638, A644, M1 (junction 40), M62 (junction 25)
Rail
Dewsbury Railway Station
Air
Leeds Bradford Airport
Situation

The property is prominently situated in the heart of the town centre on Northgate close to its junction to Corporation Street and near to Market Place. Nearby occupiers include NatWest, HSBC, William H Brown and Lloyds.

Tenure

Freehold.

Description

The property comprises a ground floor bank. (1) The vacant upper floors, which are in poor condition, are separately accessed from the rear.

VAT

VAT is not applicable to this lot.

Planning

(1) 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 www.kirklees.gov.uk

Viewings

There will be no internal viewings of the Bank due to Covid-19. Access to the upper floors, please email: alexander.auterac@acuitus.co.uk

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
Ground
Basement
Part First
Banking
Ancillary
Office
104.54 sq m
66 sq m
12.01 sq m
(1,125 sq ft)
(710 sq ft)
(129 sq ft)
SANTANDER UK
PLC (1)
5 years from
25/12/2020 (2)
£12,200(24/12/2025)
Part First &
Second
 
336 sq m
(3,617 sq ft)
Vacant   
Total
518.55 sq m
(5,581 sq ft)
  £12,200 

(1) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021).
(2) Please note this branch is on Santander's bank closure list announced on 26 March 2021.

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
    11.06.21
    File Size
    23 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    796 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    814 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
  • 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
Addleshaw Goddard LLP
Alasdair Jones 0161 934 6315alasdair.jones@addleshawgoddard.com

Useful Links

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