£565,000FOR SALE

1,3, 5 AND 7 BROADWAY AND 5 UNION STREET

Accrington BB5 1JY, UK

    • Partially tenanted investment comprising three retail units and Barclays Bank.
    • Within close proximity to Accrington Bus and Railway stations.
    • Close to all local town centre amenities.
    • Upper floors may suit residential development subject to planning.

    LOCATION

    The properties are located on the corner of Broadway and Union Street within Accrington town centre.  Accrington bus station and railway stations are in close proximity and the M65 motorway is a short drive away.

    Accrington town centre has seen considerable investment from the local authority in recent years and has the benefit of free two-hour town centre car parking.

    DESCRIPTION

    This fully let retail investment comprises three retail units and Barclays bank.

    The properties are of traditional stone construction beneath a flat asphalt roof, with a shared yard to the rear providing refuse storage.

    The three retail units fronting Broadway are ground floor only, with 1 Broadway having the benefit of a large cellar.  Barclays Bank  occupy the ground floor to the Union Street elevation and the first and second floors above Union Street and Broadway.

    ACCOMMODATION

    1 Broadway             30.3 sq.m      326.0 sq.ft

    3 Broadway             41.4 sq.m      445.6 sq.ft

    4-7 Broadway          88.3 sq.m      950.4 sq.ft

    5 Union Street        461.0 sq.m   4,962.2 sq.ft

    GIA                         621.0 sq.m   6,684.2 sq.ft

    TENANCIES

    All properties are let by way of a FRI lease as follows:

    1 Broadway   –    £6,900 p.a  3 year lease to 28.06.23.

    3 Broadway   –    £4,560 p.a.3 year lease  to 13.02.23

    5-7 Broadway   –    £5,700 p.a. 3 year lease  to 13.02.23

    5 Union Street  –  Let to Barclays Bank at a passing rent of £38,600 p.a. with effect from 15.01.2007.  The Tenant will be vacating on 14.01.2022.

    SERVICES

    The property has the benefit of water, electricity and mains drainage.

    SERVICES RESPONSIBILITY

    It is the prospective purchaser’s responsibility to verify that all appliances, services and systems are in working order, and are of adequate capacity and suitable for their purpose.

    BUSINESS RATES

    We are informed by the Valuation Office Agency  website that the properties have the following  Rateable Values:

     

    1 Broadway      –    £5,900

    3 Broadway      –    £4,200

    5-7 Broadway   –    £8,900

    5 Union Street  –  £43,750

    PRICE

    £565,000 subject to contract.

    LEGAL COSTS

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

    EPC

    An Energy Performance Certificate is available upon request.

    VAT

    All prices quoted are exclusive of but may be subject to VAT at the prevailing rate.

    VIEWING

    Petty Chartered Surveyors

    Imperial Chambers, Manchester Road

    Burnley, BB11 1HH

    Tel. 01282 456677

    [email protected]

    www.pettycommercial.co.uk




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