- FOR SALE
- Double Retail Investment
- Long established tenants including Betfred
- Prime town centre location
- Currently producing £25,000 pa
- Fixed increase to £33,000 pa from November 2022
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
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.
|21 Railway Road||Ground Floor Accommodation||1,130 sq.ft|
|23 Railway Road||Basement, ground, first and second floors||7,941 sq.ft|
£340,000 (No VAT)
Details available on request
Each party to be responsible for their own legal costs
All mains services are connected to the property.
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
Strictly through agents