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.
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.
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.
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.
The properties have the benefit of water, electricity and mains drainage.
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.
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.
£575,000 subject to contract.
Each party is to be responsible for their own legal costs incurred.
An Energy Performance Certificate is available upon request.
All prices quoted are exclusive of but may be subject to VAT at the prevailing rate.
Petty Chartered Surveyors
Suite 3, Empire Business Centre
2 Empire Way
Off Liverpool Road
Burnley, BB12 6HH
Tel. 01282 456677
- 621.0 sq.m 6,684.2 sq.ftTENANCIES
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