£575,000FOR SALE

1,3, 5 AND 7 BROADWAY AND 5 UNION STREET

Accrington BB5 1JY, UK

    • Partially tenanted investment comprising three retail units and Barclays Bank.
    • Within close proximity to Accrington Bus and Railway stations.
    • Close to all local town centre amenities.
    • Upper floors may suit residential development subject to planning.

    LOCATION

    The properties are located on the corner of Broadway and Union Street within Accrington town centre.  Accrington bus station and railway stations are in close proximity and the M65 motorway is a short drive away.

    Accrington town centre has seen considerable investment from the local authority in recent years and has the benefit of free two-hour town centre car parking.

    DESCRIPTION

    Barclays Bank have vacated the ground floor banking hall and two floors of offices above.

    Adjacent are 3 retail units fronting Broadway, Unit 1 comprises ground floor and basement, unit 3 and 5/7 are ground floor only.  There is a shared yard with WC facility. These three properties are let.

    ACCOMMODATION

    1 Broadway             30.3 sq.m      326.0 sq.ft

    3 Broadway             41.4 sq.m      445.6 sq.ft

    4-7 Broadway          88.3 sq.m      950.4 sq.ft

    5 Union Street        461.0 sq.m   4,962.2 sq.ft

    GIA                          621.0 sq.m   6,684.2 sq.ft

    All properties are let by way of a FRI lease as follows:

    1 Broadway   –      £6,000 p.a 3 year lease to 6.10.224

    3 Broadway   –    £4,560 p.a.3 year lease  to 13.02.23

    5-7 Broadway   –   £5,700 p.a. 3 year lease  to 13.02.23

    5 Union Street  –  Let to Barclays Bank at a passing rent of £38,600 p.a. with effect from 15.01.2007.  The Tenant will be vacating on 14.01.2022.

    SERVICES

    The properties have the benefit of water, electricity and mains drainage.

    SERVICES RESPONSIBILITY

    It is the prospective purchaser’s responsibility to verify that all appliances, services and systems are in working order, and are of adequate capacity and suitable for their purpose.

    BUSINESS RATES

    The shops (Unit 1, 3 and 5-7 ) benefit from Small Business Rate Relief.  The vacant former Bank (6 Union Street) has a current Rateable Value of £27,750.00

    The Tenants are responsible for the Business Rates.

    PRICE

    £575,000 subject to contract.

    LEGAL COSTS

    Each party is to be responsible for their own legal costs incurred.

    EPC

    An Energy Performance Certificate is available upon request.

    VAT

    All prices quoted are exclusive of but may be subject to VAT at the prevailing rate.

    VIEWING

    Petty Chartered Surveyors

    Suite 3, Empire Business Centre

    2 Empire Way

    Off Liverpool Road

    Burnley, BB12 6HH

    Tel. 01282 456677

    [email protected]

    www.pettycommercial.co.uk

  •                       621.0 sq.m   6,684.2 sq.ftTENANCIES



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