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21 and 23 Railway Road, Blackburn, BB1 5AX

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      Location

      The property is located on Railway Road in Blackburn town centre, immediately adjacent the newly developed Cathedral Quarter and approximately 250 yards from Blackburn train station.

      Blackburn's shopping mall is approximately 300 yards from the subject premises, which is home to a large number of national retailers, including Primark, Marks and Spencer and Sports Direct, amongst others.

      The newly developed Blackburn bus station is also a short walk from the subject property

      Description

      21 Railway Road - currently occupied by BetFred / Coral Racing bookmakers, who occupy the ground floor of the premises.

      The accommodation is arranged over basement, ground, first and second floors. However, the upper floors are in need of comprehensive refurbishment, as they have not been used for a number of years.

      Both tenants solely occupy the ground floors of the property.

      Accommodation

      21 Railway RoadGround Floor Accommodation1,130 sq.ft
      23 Railway RoadBasement, ground, first and second floors7,941 sq.ft

      Price

      £340,000 (No VAT)

      Tenure

      Freehold

      Rating

      Details available on request

      Legal Costs

      Each party to be responsible for their own legal costs

      Services

      All mains services are connected to the property.

      Investment Details

      21 Railway Road - occupied by BetFred, who are holding over on a lease which expired in September 2018. Currently producing £13,000 pa. 23 Railway Road - occupied by Samuel Daniels (hairdressers) on a 5 year lease from 1st November 2020. Current passing rent £12,000 pa. Fixed rental increase to £20,000 pa from November 2022 for remainder of the lease

      Viewing

      Strictly through agents
      Taylor Weaver
      (James Taylor)
      01254 699030
      [email protected]

      Request Viewing