Online Auction

5-7 Ramsden Street, Huddersfield, West Yorkshire, HD1 2SN

  • Virtual freehold banking hall investment
  • Let to TSB Bank Plc until 2023
  • Town centre location adjacent to Cancer Research
  • Producing £76,250 per annum

Details

Location

Summary: The market town of Huddersfield has a population of approximately 163,000. The property occupies a prominent position forming part of a retail parade in the town centre, characterised by a diverse range of local and national occupiers.
Miles: Leeds 18 miles, Bradford 13 miles
Roads: A62, A640, A629, M62 (junctions 23 & 24)
Rail: Huddersfield station
Air: Leeds Bradford Airport (19 miles), Manchester Airport (37 miles)
Nearby Occupiers: Boots Opticians, Betfred, Clinton Cards

Description

The property comprises a prominent three storey mid terraced building of traditional construction dating back to around the 1800's. It has a dual fronted banking hall within a terrace and is arranged over basement, ground, first and second floors. The ground floor provides a banking hall with rear ancillary accommodation whilst the remainder of the building is arranged as offices, storage and ancillary accommodation.

Tenure

Long leasehold for a term of 999 years from 25/03/1871 at a peppercorn

Planning Authority

Kirklees Metropolitan Council (01484 414746) www.kirklees.gov.uk

VAT

Refer to the legal documentation

Energy Performance Certificate

Rating 112 Band E

Address Tenant Floor Use Sq M Sq Ft Lease Terms Current Rent (per annum) Review/Frequency
TOTAL 457.82 4,928 £76,250
5-7 Ramsden Street TSB Bank Plc (1) Ground Basement First Second Banking hall, offices and ancillary 457.82 4,928 25 years from 12/11/1998 (approximately 7 years unexpired) £76,250 12/11/2018
(1) The lease was subject to a break clause in 2013, which the tenant did not exercise.

Contact

Seller's solicitor

Squire Patton Boggs (UK) LLP Gary Paddison
0207 655 1475
gary.paddison@squirepb.com

*Reserve Not to exceed

The reserve is the minimum amount the seller will currently accept. This figure does not represent a valuation nor does it reflect the likely sale price. It is subject to change, upwards or downwards.

Administration Fee

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.

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Reserve not to exceed*
Withdrawn

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.


Agreement Documents