Clydesdale Bank PLC 64 High Street Dunfermline Fife KY12 7DF

  • Clydesdale Bank PLC<br>64 High Street<br>Dunfermline<br>Fife<br>KY12 7DF

Clydesdale Bank PLC
64 High Street
Dunfermline
Fife
KY12 7DF

Heritable Bank Investment

  • Entirely Let to Clydesdale Bank PLC (wholly owned by Nationwide Building Society) t/a Virgin Money
  • Recently Extended lease for 10 years (subject to options)
  • Tenant in occupation for over 25 years
  • Tenant currently undertaking refurbishment program
  • Recently rebased rent
  • Prominent corner position on pedestrianised High Street
  • Nearby occupiers include Santander, Yorkshire Building Society, Clarks, Poundstretcher, Trespass, Savers and WHSmith.
  • VAT Free Investment
  • Lot
    18
  • Auction
    12th December 2024
  • Rent
    £62,500 per Annum Exclusive
  • Status
    Available
  • Guide*
    £500,000
  • Auction Venue
    Live Streamed Auction
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Heritable Bank Investment

  • Entirely Let to Clydesdale Bank PLC (wholly owned by Nationwide Building Society) t/a Virgin Money
  • Recently Extended lease for 10 years (subject to options)
  • Tenant in occupation for over 25 years
  • Tenant currently undertaking refurbishment program
  • Recently rebased rent
  • Prominent corner position on pedestrianised High Street
  • Nearby occupiers include Santander, Yorkshire Building Society, Clarks, Poundstretcher, Trespass, Savers and WHSmith.
  • VAT Free Investment
  • Lot 18
  • Auction 12th December 2024
  • Rent £62,500 per Annum Exclusive
  • Status Available
  • Guide* £500,000
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
18 miles north-west of Edinburgh, 22 miles east of Stirling
Roads
M90, A92, A985
Rail
Dunfermline Town, Queen Margaret (40 minutes to Edinburgh Waverley)
Air
Edinburgh International Airport (11 miles south)
Situation

The property is situated in a prominent corner position on the northern side of the pedestrianised High Street, the town’s main retailing thoroughfare. Nearby occupiers include Santander, Yorkshire Building Society, Clarks, Poundstretcher, Trespass, Savers and WHSmith.

Tenure

Heritable.

Location
Miles
18 miles north-west of Edinburgh, 22 miles east of Stirling
Roads
M90, A92, A985
Rail
Dunfermline Town, Queen Margaret (40 minutes to Edinburgh Waverley)
Air
Edinburgh International Airport (11 miles south)
Situation

The property is situated in a prominent corner position on the northern side of the pedestrianised High Street, the town’s main retailing thoroughfare. Nearby occupiers include Santander, Yorkshire Building Society, Clarks, Poundstretcher, Trespass, Savers and WHSmith.

Tenure

Heritable.

Description

The property comprises a substantial bank building providing a ground floor banking hall with office accommodation on the upper three floors.

The tenant is currently undertaking substantial works at the property.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a substantial bank building providing a ground floor banking hall with office accommodation on the upper three floors.

The tenant is currently undertaking substantial works at the property.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Rent Review
Ground
First
Second
Third
Banking Hall
Office
Office
Office
177.59
182.89
193.63
92.31
(1,911)
(1,968)
(2,084)
(993)
CLYDESDALE BANK PLC
t/a Virgin Money
(1)
10 year lease extension from 01/10/2024
(2)
£62,500
01/10/2029
Total  
646.42
(6,956)
(3)
   
£62,500
 

(1) For the year ending 30/09/2023 Clydesdale Bank PLC reported a Turnover of £3,973,000,000, a Pre-Tax Profit of £344,000,000 and a Net Worth of £5,516,000,000 (NorthRow 14/11/2024). Clydesdale Bank PLC is owned by Nationwide Building Society.
(2) The original lease was for a term of 25 years from 30/09/1999 which has recently been extended at a rebased rent for a further 10 years. The extended lease provides for a tenant option to determine on 30/09/2027 and 30/09/2030.
(3) The floor areas stated above are those published by the Scottish Assessors Association (www.saa.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Miller Samuel Brown The Forsyth Building 5 Renfield Street
Glasgow
G2 5EZ
John Cowan 0141 227 6022jbc@mshblegal.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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