- Property ID
- For sale:
- Price on request
- 6684.2 sq ft
- Central location within walking distance of city centre amenities
- Good footfall
- Good Location
- Fully 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.
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.
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.
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
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 to 13.02.23
5 Union Street – Let to Barclays Bank at a passing rent of £38,600 p.a. by way of a 20 year lease to 14.01.27 with an upwards only rent review in 2022.
The property has the benefit of water, electricity and mains drainage.
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.
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
£600,000 subject to contract.
Each party is to be responsible for their own legal costs incurred.
An Energy Performance Certificate is available upon request.
All prices quoted are exclusive of but may be subject to VAT at the prevailing rate.
Petty Chartered Surveyors
Imperial Chambers, Manchester Road
Burnley, BB11 1HH
Tel. 01282 456677