59/61 Station Road
Cross Gates
Leeds
West Yorkshire
LS15 8DT

Freehold Bank on a New 5 year lease & Retail Investment

  • Prominent Bank & Retail unit
  • Part let to Santander UK PLC on a new 5 year lease (NO Breaks)
  • Bank lease renewal from 25th December 2020
  • VAT-free Investment
  • Lot
    48
  • Auction
    16/Jun/2021
  • Rent
    £36,200 per Annum Exclusive
  • Status
    Sold
  • Price*
    £362,000
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
  • On Instructions of a Major Property Company
Important Update
  • 59/61 Station Road, Cross Gates, Leeds, West Yorkshire, LS15 8DT
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
4 miles east of Leeds city centre
10 miles southwest of Wetherby
Roads
A6120, A64, M1
Rail
Leeds Railway
Air
Leeds Bradford Airport
Situation

Cross Gates is a predomiately residential suburb, 4 miles east of Leeds City Centre, 10 miles south of Wetherby and 2 miles north of the M1. The property is located in the town centre on Station Road close to its junction with Cross Gates Road and near to Cross Gates Shopping centre. Occupiers nearby include NatWest, Lloyds and a number of local retailers.

Tenure

Freehold.

Description

The property comprises two units, a ground floor bank with first floor ancillary accommodation together with a ground floor shop. The property benefits from a rear yard.

VAT

VAT is not 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 www.leeds.gov.uk

Viewings

There will be no internal viewings of the property due to Covid-19.

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
No.61. Ground
No.61. First
Banking
Ancillary
93.51 sq m
108.75 sq m
(1,006 sq ft)
(1,170 sq ft)
SANTANDER UK
PLC (1) (2)
5 years from
25/12/2020
£22,200(24/12/2025)
No.59. GroundRetail
61.90 sq m
(665 sq ft)
INDIVIDUAL t/a
Clearance Outlet
Tenancy at Will£14,000 
Total
264.16 sq m
(2,843 sq ft)
  £36,200 

(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

  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    888 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    778 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 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP One St Peter's Square
Manchester
M2 3DE
Dan Vincent 0161 934 6291dan.vincent@addleshawgoddard.com

Useful Links

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