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 16th June 2021
Rent £12,200 per Annum Exclusive
Status Sold
Price £155,000
Sector Bank
Auction Venue Live Streamed Auction
On Instructions of a Major Property Company
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.
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
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
