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

Guide Price* : Withdrawn

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

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.

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

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

Tenancy & Accommodation

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

Vendor's solicitor

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

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Office Contact

Contact
020 7198 2366

Vendors Solicitor

Gary Paddison
0207 655 1475

Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton December 2019

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.