Highly Secure Bank Investment

2-8A Queen Street & 1-7A Eldon Street | Barnsley | S70 1SJ


subject to contract

Click To Purchase


  • 6.5 years of undoubted income to Bank of Scotland plc

  • Triple Aspect building - Two return frontages in a prime retailing pitch

  • Self-contained upper parts with repurposing potential, subject to planning

  • Freehold

  • £2,225,000, subject to contract

  • Attractive Net Initial Yield of 8.89%



Barnsley is a dominant retail, administrative and commercial centre in South Yorkshire, situated approximately 15 miles west of Doncaster, 16 miles north of Sheffield and 20 miles south of Leeds.

The town has excellent communication links being situated at the junction of the A628, A635 and A637 roads, with Junctions 37 and 38 of the M1 motorway approximately 2 miles west and 4 miles north-west of the town respectively. The M1 provides links to the M62 TransPennine motorway to the north, with the A1(M) additionally located circa 10 miles to the east of the town.

The town’s public transport provision was comprehensively upgraded by a new £25 million rail and bus interchange, which opened in the centre of Barnsley in May 2007. The station provides regular rail services to Sheffield (25 minutes), Leeds (32 minutes) and Wakefield (15 minutes).


The Halifax occupies a highly prominent position within the centre of Barnsley in the core pedestrianised area. There is a frontage onto the 100% prime pitch of Queen Street which is a continuation of Cheapside with a substantial return frontage to Eldon Street.

Directly opposite the Halifax is Marks and Spencer with adjacent occupiers including Tui, Holland and Barrett, Costa Coffee and Barclays.

Barnsley Metropolitan Borough Council, in conjunction with Queensbury Real Estate and Henry Boot Construction, are currently undertaking a £180 million town centre regeneration scheme called “The Glass Works”, approximately 100 metres from the subject property. The scheme will provide 25 shops, 7 restaurants, a bowling alley and a 13 screen Cineworld cinema, all centred around a new Town Square. Proposed tenants include Next, H&M, Sports Direct, Cineworld, and Nandos. The redevelopment also offers a new library and a comprehensive refurbishment and extension to the market halls.

For further information please see www.theglassworksbarnsley.com.



The Halifax comprises the entire building over ground, first and second floors with small basement area. The main entrance sits at the junction of Queen Street and Eldon Street and there are separate entrances to the upper floors from both Queen Street and Eldon Street.

Internally the unit has been well-fitted to the Halifax’s corporate standard. There is a ground floor banking hall with internal stair leading to first floor which has modern glazed partitioned meeting rooms and offices. The second floor has a series of storerooms and large open plan staffroom. There is a passenger lift serving the upper floors and accessed from the banking hall.

The accommodation has double glazed windows and air conditioning.


The property has been measured by BKR Floor Plans and provides the following Net Internal floor areas:

Net Frontage  42.88 m 140 ft
Gross Frontage 52.65 m 173 ft
Zone A 62.34 sq m 671 sq ft
Zone B 91.23 sq m 982 sq ft
Zone C 108.41 sq m 1,167 sq ft
Remainder 7.15 sq m 77 sq ft
Ground Floor ITZA   1,463 sq ft
Ground Floor 269.13 sq m 2,897 sq ft
Mezzanine 12.36 sq m 133 sq ft
First Floor 224.35 sq m 2,415 sq ft
Second Floor 225.56 sq m 2,428 sq ft
 Basement 26.20 sq m 282 sq ft
Total Net Internal Area 731.40 sq m 7,873 sq ft
Total Gross Internal Area 1,001.74 sq m 10,783 sq ft

A set of floor plans is available to download and the measured survey report will be re-addressed to a purchaser at a cost of £865 + VAT.





The entire property is let to Bank of Scotland PLC t/a Halifax on full repairing and insuring terms for 20 years beginning 11th January 2008 and expiring on 10th January 2028.

The current rent is £212,500 pa. and there is a further rent review in January 2023.



Bank of Scotland Plc t/a Halifax Bank (Company No. SC327000) has reported the following figures:

  31st December 2020 31st December 2019
Total Income £5,147 million £6,033 million
Pre-Tax Profit £883 million £1,278 million
Total Assets £315,764 million £381,502 million

Bank of Scotland Plc is a wholly owned subsidiary of Lloyds Banking Group Plc which operates under Halifax, Lloyds Bank and Bank of Scotland. Lloyds Banking Group is the UK’s largest digital bank and financial services group, reporting Pre-Tax Profits of £1,226 million and Total Assets of £871,269 million for the year ending 2020. For further information visit www.lloydsbankinggroup.com.

The tenant has an undoubted 5A1 Covenant.


The property has been elected for VAT and therefore VAT will be payable on the purchase price. It is anticipated that the transaction will be treated as a Transfer of a Going Concern (TOGC).



We are instructed to seeks offers in excess of £2,225,000 (Two Million, Two Hundred and Twenty Five Thousand Pounds), subject to contract, and exclusive of VAT. This reflects an attractive Net Initial Yield of 8.89% after deduction of purchaser’s costs.

Please note that a purchaser will be re-charged the cost of the measured survey provided in the data room (£865 + VAT).

Please note that a purchaser will be charged a Transaction Fee of £5,000 plus VAT.

Investment Considerations

  1. Let to undoubted covenant of Bank of Scotland PLC;

  2. Lease until January 2028 with no breaks;

  3. Highly prominent location within the Town Centre;

  4. Lease over entire building;

  5. Highly secure income at an attractive initial yield.


Data Room and clicktopurchase®

Access to the data room and for the ability to purchase online with speed and ease, please click the clicktopurchase® “C” icon or the clicktopurchase® side bar. Purchasers will be able to access the complete legal package, clear verification and submit legally-binding offers to acquire the property.

Purchasers benefit from the trust, security and transparency provided by the platform. All activities, including the online contract execution, will form part of the electronic audit trail which is anchored in the clicktopurchase® Blockchain.

clicktopurchase® provides the opportunity for any investor, whether located UK or abroad, to uniquely purchase online with ease and certainty. To learn more about clicktopurchase®, click here.

Contact Us

Singer Vielle   +44 (0) 207 935 7200
Graham Waddell graham@singervielle.co.uk +44 (0) 141 221 4545
Douglas Wilson douglas@singervielle.co.uk +44 (0) 141 370 0284
Dale Henry dale@singervielle.co.uk +44 (0) 203 701 1356 
Neil Singer neil@singervielle.co.uk +44 (0) 203 478 9120


Vendors Solicitor

Kuit Steinart Levy LLP +44 (0) 161 832 3434
Matthew Wallis MatthewWallis@kuits.com