Offers in region of
£225,000
(£74.53/sq. ft)
Retail premises for sale74-76 Burnley Road, Padiham BB12
3,019 sq. ft
Just added
About this property
Freehold Town Centre investment
Double fronted unit with prominent main road position
Let to William Hill Bookmakers
Ground floor sales 1,647 Sq. Ft. Plus staff amenity 172 Sq. Ft.
Annual rental income received £15,500
Fronting Burnley Road (A671) in the town centre of Padiham. Padiham is approximately 3.5 miles from Burnley town centre and is 1.5 miles from Junction 8 of the M65 motorway. Surrounding occupiers include Myerscough Veterinary Practice, The Bridge Inn Public House and Taurus Kitchen and Bedroom Showroom.
A double fronted mid terrace retail outlet trading as William Hill Bookmakers. The premises are of traditional construction and an internal fit-out to form an open-plan sales/trading area with rear disabled toilet, staff kitchen and storage area. There is also a basement storage facility. The premises are well presented with suspended ceiling with LED lighting and air conditioning unit.
Tenancy
A ten year lease with effect from 27 November 2023 at a rental of £15,500 per annum. The lease makes provision for an upward only rent review on 27 November 2028. The lease incorporates a break clause in favour of the tenant subject to the service of six months' notice on 26 November 2028 and 26 November 2031.
A copy of the lease may be forwarded upon request.
A double fronted mid terrace retail outlet trading as William Hill Bookmakers. The premises are of traditional construction and an internal fit-out to form an open-plan sales/trading area with rear disabled toilet, staff kitchen and storage area. There is also a basement storage facility. The premises are well presented with suspended ceiling with LED lighting and air conditioning unit.
Tenancy
A ten year lease with effect from 27 November 2023 at a rental of £15,500 per annum. The lease makes provision for an upward only rent review on 27 November 2028. The lease incorporates a break clause in favour of the tenant subject to the service of six months' notice on 26 November 2028 and 26 November 2031.
A copy of the lease may be forwarded upon request.
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