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Investment - Barnfield House Business Centre, Accrington Road, Blackburn, BB1 3NY

Full Details

Price: Available on request.

Location

The property is prominently situated on Accrington Road, close to its junction of Whitebirk Road and Shadsworth Road (Intack traffic lights) and within 0.5 miles of Junction 6 of the M65 motorway. See location plan.

Description

The building comprises a modern three storey office / business centre building which has been sub-divided to create 30 individual office suites ranging from 355 sq.ft up to 1,089 sq.ft. The building has been finished as a modern business centre to include reception area, lifts, carpeted floors, painted plastered walls and suspended ceilings with recessed Cat 2 fluorescent lighting. The specification includes wall mounted electric heaters, kitchenette and toilet facilities to each floor. Externally there is a large tarmac surfaced car park area with security fencing surround. .

Accommodation

We have calculated the net internal floor area of the premises to be as follows :

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Ground Floor 7006 sq.ft
First Floor 7006 sq.ft
Second Floor 7006 sq.ft
Total 21,018 sq.ft

Rating

The individual suites are rated separately with the majority of suites falling under the £12,000 rateable value threshold, which will be applicable from April 2017. This, in effect, means that the majority of occupiers will not be liable for business rates - subject to the usual qualifying qualifications.

Lease Terms

The offices suites are let on typically 3 year tenancies and currently produce an annual rent role of £80,330 per annum. When fully let we have calculated the total rent role to be approximately £178,650 per annum.

Price

Available on request.

Legal Costs

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

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Strictly through sole agents Taylor Weaver (Alex Taylor) 01254 699030