£125,000
(£94.19/sq. ft)
Retail premises for sale20 Blackburn Road, Accrington BB5
1,327 sq. ft
About this property
Stone built retail investment in popular trading position
Fully let to two separate tenants producing an annual rent of £13,740
Four storey accommodation with a yard at the rear of the property
Ground floor and lower ground floor recently refurbished
Upper floors occupied by a private tenant, with ground floor and lower ground floor occupied by an art workshop
Ideal investment property being suitable for a sipp or ssas
Restricted on street car parking available on both sides of Blackburn Road
Positioned close to Argos, Wetherspoons and The Town Hall
The property is positioned on Blackburn Road in Accrington town centre in the borough of Hyndburn.
The building is located opposite Argos, and being close to Wetherspoons and the market hall.
The property is positioned close to various estate agents, and benefits from restricted on street car parking in the immediate vicinity.
Accrington has a population of approximately 34,897 residents with the borough of Hyndburn having approximately 80,734.
Description
A stone built four storey retail property in a prominent position in Accrington town centre. Argos, Wetherspoons and the market hall are located in the nearby vicinity.
The ground floor and basement is occupied by an artist and the first and second floors are occupied as a workshop, storeroom & offices.
The whole site is generating an annual income of £13,740, and the ground floor and basement have recently been refurbished by the owners.
Externally there is parking at the front of the property and a yard at the back, which has been used in the past for off road parking.
VAT
We have been informed that the purchase price is not subject to VAT.
Services
We understand the property has the benefit of mains electricity, water and gas.
The electricity is sub metered; the ground floor tenant will recharge the upper floor tenant based on consumption. The gas and the water are split 50/50 which is recharged by the landlord.
Outgoings
In addition to the rent, business rates and utilities the landlord will recharge the buildings insurance premium with each tenant as follows: -
First floor and second floor = £25.68
Gound floor and lower ground floor = £38.52
Legal Costs
Each party is to be responsible for their own legal costs.
Viewings
Please contact the agents:
Jonathan Wolstencroft
Kelly McDermott
Whiteacres Property
Church House, 10 Church Street, Burnley, BB12 8HG
Accommodation
The property has not been measured however, the following information has been supplied from the valuation office website.
Services Responsibility
It is the prospective purchaser's responsibility to verify that all services, appliances are in working order and are of suitable purpose being adequate for their needs.
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