Commercial Property Chartered Surveyors and Valuers

Blackburn Office01254 699 030

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148 High Street, Rishton, Blackburn, BB1 4DJ

Full Details

Price: £245,000

Location

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.

Description

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.

Accommodation

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.

Services

It is understood that all mains services are available to the property.

Rating

Each unit is separately assessed for rating purposes

EPC

An EPC is available on request

VAT

Vat is applicable to figures quoted in these details

Investment 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.

Tenure

Freehold

Price

£245,000

Availability

Available immediately.

Legal Costs

Each party responsible for their own legal costs.

Viewing

Strictly through agents Taylor Weaver (James Taylor) 01254 699030