Retail premises for sale in Hammerton Street, Burnley BB11

£85,000 (£62.68/sq. ft)
Retail premises for sale 1,356 sq. ft*
Interested in this property? Call +44 1282 522991 * or Request Details

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

Property features

  • Town Centre retail investment generating an income of £8,500 per annum plus VAT
  • Highly visible location close to Marks and Spencers and Skipton Building Society
  • Substantial retail premises with established tenants in situ
  • Attractive 10% yield (before purchasing costs)
  • Well-presented retail accommodation with laminate flooring & two private offices
  • Attractive lot size, ideal for sipp or sass investment

Property description

Location


The property is located on Hammerton Street which is just off St James Street in the heart of Burnley Town Centre.

The property is close to Marks and Spencers, Game and the Skipton Building Society in a prominent location with a good retail profile.

The building is also located close to the junction with Hargreaves Street which is home to various solicitors, recruitment companies and solicitors.


Description


A ground floor retail investment generating an annual rent of £8,500 plus VAT.

The property is in a town centre location close to Marks and Spencers, Skipton Building Society and Game with a prominent retail profile to Hammerton Street.

The property is in good decorative order with laminate wood flooring, feature lighting, two private treatment rooms, modern WC facilities and shop frontage with roller shutter security.

The property comprises of a large open plan retail unit with two treatment rooms, rear office and a toilet block. The accommodation is well presented with laminate flooring and roller shutter security.


Accommodation


The accommodation has been measured on a gross internal basis and extends to the following approximate areas;

Retail Accommodation including two treatment rooms- 13.9m x 6.1m- 912.67 sq ft- 84.79 sq m

Private office- 6.8m x 3.9m (max)- 243.5 sq ft- 22.62 sq m

Rear toilet block- 4.9m x 3.8m- 200.4 sq ft- 18.6 sq m


Gia
- 1,356.27 sq ft- 126.01 sq m



Lease terms


The ground floor retail property is let to Precious Glimpse Ltd for a 5 year term from 25th October 2018 to 24th October 2023 at a current rent of £8,500 per annum plus VAT. A copy of the lease is available for a prospective tenant on request.


Special note


Whiteacres have been informed the property is tenanted and generating an income of £8,500 + VAT.

It is the prospective purchaser and their solicitor’s responsibility to check and verify this information prior to completing the sale.


Purchase price


Offers in the region of £85,000 + VAT.


VAT


We understand the purchase price in relation to this property is subject to VAT at the prevailing rate. A prospective buyer must check and verify this information prior to making a legal commitment.


Business rates


We understand the rateable value for this building is £13,000.

A prospective tenant will only pay a percentage of this figure based on their circumstances and must contact Burnley Borough Council to confirm the payable amount.


Services/ services responsibility


We have been informed that the property has the benefit of mains water and electricity and it is the prospective purchaser’s responsibility to verify that these services/appliances are safe and in full working order being suitable for purpose and adequate for their needs.


Tenure


We understand the property is leasehold, further details of which are available from our office.


Planning


It is the prospective purchaser’s responsibility to verify that their intended use is acceptable to the local authority.


Legal costs


Each party is to be responsible for their own legal costs incurred in the transaction.


Viewing


For further information or to arrange a viewing please contact the sole letting agent Whiteacres Property Limited

Property info

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

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For more information about this property, please contact
Whiteacres, BB11 on +44 1282 522991 * (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 Whiteacres, and do not constitute property particulars. Please contact Whiteacres 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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