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20 Blackburn Road, Accrington, BB5 1DH

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      Location

      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.

      Description

      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.

      Accommodation

      The property comprises the following floor space:

      Retail shop  
      Ground Floor Retail Area310 sq.ft
       Rear Stores142 sq.ft
      BasementStorage 193 sq.ft
       Storage 2149 sq.ft
       WC 

      Offices (accessed from the rear)

        

      Ground Floor

      Box Room65 sq.ft
      First FloorRoom 1197 sq.ft
       Kitchen119 sq.ft
      Second FloorStorage198 sq.ft
       Storage 2103 sq.ft
       WC  

      Price

      £120,000 (no VAT)

      Tenure

      Understood to be freehold

      Rating

      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.

      EPC

      An EPC is available on request

      Planning

      The property has planning consent for retail and office use

      Services

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

      Investment Details

      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.

      Viewing

      Taylor Weaver
      (Neil Weaver)
      01254 699030
      [email protected]

      Request Viewing