- FOR SALE
- Town Centre Retail and Office Investment Opportunity
- Prominent location close to Accrington Market Hall and Town Hall
- Income generated £12,200 pa
- Long established occupiers
The property is situated on Blackburn Road, in a prominent position in Accrington town centre, surrounded by a number of local and national retailers, including Argos.
Accrington is an established market town with a resident population of 35,500 persons and has easy access to the M65 motorway via Junction 7 of the M65 motorway.
The property comprises a mid parade retail premises with separate self contained office accommodation above.
The property is of stone built construction under a slate roof.
The property has been maintained to a good standard of repair and is currently occupied by two tenants generating an income of £12,200 per annum.
The property comprises the following floor space:
|Ground Floor||Retail Area||310 sq.ft|
|Rear Stores||142 sq.ft|
|Basement||Storage 1||93 sq.ft|
|Storage 2||149 sq.ft|
Offices (accessed from the rear)
|Box Room||65 sq.ft|
|First Floor||Room 1||197 sq.ft|
|Second Floor||Storage||198 sq.ft|
|Storage 2||103 sq.ft|
£120,000 (no VAT)
Understood to be freehold
Each part of the property is individually assessed. All the rateable values in the building are below the small business rate relief threshold of £12,000 RV and therefore eligible occupiers are able to claim full relief.
An EPC is available on request
The property has planning consent for retail and office use
It is understood that all mains services are available to the property
The ground floor is let by way of a 10 year lease expiring June 2025 at a rent of £8,000 pa. The upper floor accommodation is let by way of a 3 year lease expiring in April 2022 at a rent of £4,200 pa. Therefore, the total rent generated from the property is £12,200 pa.