Property

The property comprises a 3 storey commercial development of traditional construction surmounted by a pitched roof. The property benefits from a prominent frontage facing south with excellent natural light throughout the day, with large display windows. The property is fitted out by the tenant in accordance with their corporate specifications, refitted in 2022 following the rebranding from Clydesdale Bank to Virgin Money. The property is held on a full repairing and insuring head lease on the following terms; Tenant: Clydesdale Bank PLC Expiry: 31st January 2035 Passing Rent: £40,000p.a Rent Review: 1st February 2030 Tenant Break: 31st January 2028 & 2031 Covenant Info: Clydesdale Bank PLC, now operating under the Virgin Money brand, reported a total operating income of over £1.8 billion for the fiscal year ending September 30, 2023. In the same period, the bank's total assets exceeded £183 billion, with £91.88 billion attributed to the group segment and £91.72 billion to the bank segment. These figures reflect the bank's financial performance prior to its acquisition by Nationwide Building Society in October 2024. Area Ground: 100.71sqm (1,084sq ft) 1st Floor: 95.13sqm (1,024sq ft) Second: 89.37sqm (963sq ft) Bsm: 63.64sqm (685sq ft)

Auction Details
27 March 2025, 10am-3pm
Timed Online Auction

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