£475,000
(£49.42/sq. ft)
Retail premises for saleWalpole Street, Lower Audley, Blackburn BB1
9,612 sq. ft
About this property
Trade counter industrial investment opportunity
Excellent covenant strength
Net annual rent £29,550
Rental growth potential
Gross floor area 6,970 sq. Ft. Plus mezzanine 2,642 sq. Ft.
Sought-after location
Detached warehouse/trade counter premises fronting Walpole Street just off Lower Audley Street (A679) approximately half a mile south of Blackburn town centre. This is a sought-after trade counter location and is close to Towns Moor Retail Park, Blackburn Ice Arena and the Vue Cinema. The bus and railway station is within a few minutes' walking distance. Junctions 5 and 6 of the M65 are both within 1.5 miles.
Steel portal framework construction with cavity brick elevations and thereafter overclad in insulated profile metal sheeting incorporating translucent roof panels. Internally, the premises have been arranged to provide a warehouse facility with a partitioned trade counter/retail facility with good quality staff offices, kitchen and toilets along the side elevation. The warehouse is loaded to a generous tarmacadam yard and parking area. The warehouse has a solid concrete floor, LED lighting and an internal eaves height ranging from 4.55 metres at the haunch to 6.5 metres at the apex.
Underlease:
The premises are leased to Edmundson Electrical Limited (company registration number 02667012). The current lease commenced on the 19th January 2023 for a term of five years with a rent passing of £36,000 per annum. Edmundson Electrical have been in occupation since 1989. The lease is full repairing.
Net rent receivable £29,550 per annum.
Steel portal framework construction with cavity brick elevations and thereafter overclad in insulated profile metal sheeting incorporating translucent roof panels. Internally, the premises have been arranged to provide a warehouse facility with a partitioned trade counter/retail facility with good quality staff offices, kitchen and toilets along the side elevation. The warehouse is loaded to a generous tarmacadam yard and parking area. The warehouse has a solid concrete floor, LED lighting and an internal eaves height ranging from 4.55 metres at the haunch to 6.5 metres at the apex.
Underlease:
The premises are leased to Edmundson Electrical Limited (company registration number 02667012). The current lease commenced on the 19th January 2023 for a term of five years with a rent passing of £36,000 per annum. Edmundson Electrical have been in occupation since 1989. The lease is full repairing.
Net rent receivable £29,550 per annum.
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