pharmacy investment premises

7 Albert Road, Colne, Lancashire

For Sale £180,000

Investment in Colne

1354 Sq Ft

• Prominent Retail Investment let to a long established Pharmacy.
• Let by way of a 10 year Full Repairing and Insuring Lease at a current passing rent of £12,000 per annum with rent review at year 5.
• Prime town centre location on busy main road.

Description

A spacious, mid parade, stone built property occupied as a Pharmacy for a number of years. The accommodation is arranged over three floors and comprises to the ground floor, a sales area, dispensary room, consultation room, and a single storey extension to the rear which is split into two store rooms. The first floor comprises a staff room, kitchen, store room and bathroom. There is also a cellar providing useful additional storage. Internally the accommodation is well presented, benefitting from modern suspended ceilings, LED lighting, dual air conditioning and gas fired central heating. The property is let to L. Rowland & Company (Retail) Limited T/A Rowlands Pharmacy by way of a 10 year Full Repairing and Insuring Lease with effect from 23rd Nov 2022 at a current passing rent of £12,000 per annum. The lease incorporates a rent review (RPI linked) at the expiration of year 5 and a Tenant break clause on 18th July 2025 and the 15th July 2029.

Location

The property is located on Albert Road (A56), the main arterial route into the town centre of Colne. Conveniently located within a short drive from junction 14 of the M65 motorway, the property occupies a prominent roadside position, benefitting from a high level of passing traffic. Other established occupiers in the immediate area include Estate Agents, Solicitors, Accountants and various independent retailers.

Accommodation

Ground Floor Pharmacy sales / Consultation room 35.26 sq.m 379.53 sq.ft Dispensary room 13.09 sq.m 140.9 sq.ft Store room 1 10.23 sq.m 110.11 sq.ft Store room 2 5.1 sq.m 54.89 sq.ft First Floor Kitchen 11.7 sq.m 125.93 sq.ft Staff Room 11.19 sq.m 120.44 sq.ft Store Room 7.54 sq.m 81.16 sq.ft Bathroom 10.44 sq.m 112.37 sq.ft Landing 4.4 sq.m 47.36 sq.ft Lower Ground Floor Cellar 16.85 sq.m 181.37 sq.ft GIA: 125.8 sq.m 1,354.11 sq.ft

Services

The property has the benefit of all mains services including gas fired central heating.

Viewing

Old Red Lion,
4 Manchester Road,
Burnley BB11 1HH.

Tel: 01282 456677
Email: [email protected]