Commercial Property Chartered Surveyors and Valuers

Blackburn Office01254 699 030

Chorley Office01257 204 900

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Former Car Dealership, Pendle Street, Blackburn, BB1 3AW

Full Details

Price: Offers in the region of £950,000 are sought for our client's freehold interest

Rental: £70,000 per annum

Location

The property is situated on Pendle Street but with extensive frontage to Copy Nook the main arterial road linking Blackburn town centre with Junction 6 of the M65 motorway. Occupiers in the vicinity include ATS Euromaster, Youles Motorcycles, NatWest Bank. There are other motor dealerships within approximately 0.5 mile including Stoneacre Blackburn, Marshall Mercedes Benz and Evans Halshaw.

Description

The property comprises a purpose built motor dealership constructed in the mid 1990's. The property was previously occupied by Renault and Volvo. It has the benefit of two large retail showrooms and two individual workshops to the rear with office and ancillary space. The specification includes tiled floors to the retail area, sodium bulb lighting, heating throughout and externally there are tarmacadam parking and loading areas which wrap round the building providing parking for approximately 83 vehicles in marked bays

Accommodation

We have calculated that the floor area of the premises is as follows :

.

Ground Floor Sales/Showroom 5,261 sq.ft
  Offices/Meeting Rooms 1,332 sq.ft
  Workshop/Parts 4,627 sq.ft
First Floor Offices & Storage 2,770 sq.ft
TOTAL   13,990 sq.ft

Services

All mains services are available to the premises, including 3 phase power and gas

Rating

The property is currently assessed as a whole with a rateable value of £96,000. It is anticipated that the rates payable will therefore be in the region of £48,000

Lease Terms

The property is available by way of a new lease to be held on full repairing and insuring terms for a minimum period of 10 years. The lease will incorporate an upward only rent review on the fifth anniversary. Rent is to be paid quarterly in advance and exclusive of the costs of occupation, which would include business and water rates, electricity and gas. The rent is subject to VAT at the prevailing rate

EPC

An EPC is available on request

VAT

VAT is applicable to figures quoted in these particulars

Restrictive Covenant

There is a restrictive covenant on the title in favour of Blackburn Borough Council dated 14th February 1990 which prohibits the land or buildings to be used for the purpose of retail food sales

Tenure

Understood to be freehold. Full details on request

Price

Offers in the region of £950,000 are sought for our client's freehold interest

Rental

£70,000 per annum

Legal Costs

In respect of a leasehold transaction the ingoing tenant will be responsible for the landlord's reasonable legal costs.

Planning

The property has been used as a motor dealership for a number of years and we understand that this use will be permitted. Interested parties are recommended to contact the Local Planning Authority to discuss alternative use in greater detail

Viewing

Strictly through agents Taylor Weaver (Neil Weaver) 01254 699030