- FOR SALE - MIXED USE OFFICE AND RETAIL INVESTMENT
- Currently producing £21,600 pa.
- Stepped rental increase each year up to £27,500 in year 5
- Lease expiry - February 2024
Situated at the traffic light junction of Blackburn Road, High Street and Harwood Road in the centre of Rishton. The property has excellent access to Junction 6 of the M65 motorway, which is approximately 2 miles from the property.
The property is a two storey building comprising open plan retail accommodation on the ground floor and good quality office space on the first floor. The first floor office suites have been refurbished and provide excellent predominantly open plan space with ancillary WC and kitchen facilities.
The accommodation is arranged as follows :
|Ground Floor||Retail||2,078 sq.ft|
|First Floor||Offices||Suite 1||800 sq.ft|
|Suite 2||950 sq.ft|
|Total||3,828 sq. ft.|
It is understood that all mains services are available to the property.
Each unit is separately assessed for rating purposes
An EPC is available on request
Vat is applicable to figures quoted in these details
The property is currently let on FRI terms to Progress To Excellence Ltd. on a 5 year lease from February 2019 at a current passing rent of £21,600 pa. The stepped rental increases are as follows - Year 1 - £21,600 pa. Year 2 - £23,500 pa. Year 3 - £25,500 pa. Years 4 & 5 - £27,500 pa. The tenant has the option to break in February 2022. Full details of the lease are available on request.
Each party responsible for their own legal costs.
Strictly through agents Taylor Weaver (James Taylor) 01254 699030