Retail premises for sale in Broadway, Accrington BB5

£600,000 (£89.76/sq. ft)
Retail premises for sale 6,684 sq. ft*
Interested in this property? Call +44 1254 789724 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Located in the heart of Accrington Town Centre and all its amenities.
  • Comprises of three retail units and a bank.
  • Producing £55,860 per annum.
  • Within close proximity to Accrington Bus and Railway Station.
  • Established tenants.
  • Roadside Parking.
  • Access to Junction 8 of the M65
  • Small business rates relief may be available for the small retail units.
  • Connected to mains services including water, electricity and mains drainage

Property description

Location


The properties are located on the corner of Broadway and Union Street in the heart of Accrington Town Centre. Accrington is a small market town situated between Burnley and Blackburn in the borough of Hyndburn.

Over the last year Accrington has seen considerable investment from the local authority with the repaving of Broadway, regeneration of shop fronts and implementation of free two-hour town centre car parking.
Accrington bus station and railway station are within close proximity providing connections to Preston, Blackpool, Manchester and beyond.

The closest motorway link is junction 8 of the M65.


Description


A fully let retail investment comprising of a bank premises occupied by Barclays and three retail units.

The properties are of a traditional stone construction beneath a flat asphalt roof.

There is a shared yard to the rear of the properties providing refuse storage and a fire escape.

Barclays occupy the ground floor to the Union Street elevation and the first and second floors above Union Street and Broadway. The three retail units are ground floor only however 1 Broadway has the benefit of a substantial cellar.

Barclays have been in occupation since January 2007 and have eight years left on their lease. The other tenant is kgn News who occupy 3 Broadway and 5-7 Broadway. 1 Broadway is currently vacant.

Overall the properties are producing an annual rent of £55,860 per annum.

Full tenancy details can be found on the next page of the particulars.


Price


£600,000 (Six Hundred Thousand Pounds).


Accommodation


There is an accommodation schedule at the back of the particulars.


Leases


Full copies of the leases are available by request.


Rates


Tenants are held on Fri leases and are responsible for business rates.
We have been informed by the voa website that the rateable values are as follows:
1 Broadway: £5,900
3 Broadway: £4,200
5-7 Broadway: £8,900
Barclays Bank: £43,750


Services


Mains services connected to the property include water, electricity supply and mains drainage.
It is the responsibility of the ingoing tenant to satisfy themselves that services are in working order and can satisfy their needs.


VAT


Is not applicable.


EPC


A full copy of the report can be made available upon request.


Legal costs


Each party to be responsiblefor their own legal costs involved in the transaction.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Michael Holden Commercial, BB5 on +44 1254 789724 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Michael Holden Commercial, and do not constitute property particulars. Please contact Michael Holden Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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