Guide price
£90,000
Retail premises for saleUnion Street, Accrington BB5
About this property
Investment Opportunity
Leasehold Title
Summary
For sale via secure sale online bidding - terms and conditions apply.
Income-Producing Investment - Accrington Town Centre
An excellent opportunity to acquire a well-positioned, income-generating commercial property in the heart of Accrington town centre.
This substantial two-storey commercial unit, prominently located on Union Street, is currently let and producing a strong rental income of 9,600 per annum, offering immediate return on investment.
The property is occupied by an established tenant operating a music tuition and rehearsal business. The tenant is part way through a six-year licence agreement expiring in June 2029, subject to a tenant break option at 36 months (not currently triggered), providing ongoing income stability.
Strategically situated within close proximity to the Arndale Shopping Centre and Accrington Bus Station, the property benefits from excellent footfall and strong surrounding commercial activity. Nearby national occupiers include Subway, Santander, Boots, EE and Poundland, alongside a range of well-supported independent retailers.
Accrington forms part of the Hyndburn borough in Lancashire and enjoys excellent connectivity. The town lies approximately 4 miles east of Blackburn, 13 miles east of Preston and 20 miles north of Manchester. It benefits from strong public transport links via bus and rail services, together with convenient access to Junction 7 of the M65 motorway, providing direct connections to the M6 motorway network.
The property falls within Use Class E, offering flexibility for a range of commercial uses (subject to any necessary consents).
Income producing commercial investment
9,600 per annum rental income
Tenant in situ with licence agreement
Established music tuition and rehearsal business operator
Prominent Accrington town centre location
Close to Arndale Shopping Centre and bus station
Two-storey commercial unit
Use Class E - flexible commercial use
Excellent transport links including rail services and Junction 7 of the M65
Description
This substantial two-storey commercial unit, prominently located on Union Street, is currently let and producing a strong rental income of 9,600 per annum, offering immediate return on investment.
Location
Strategically situated within close proximity to the Arndale Shopping Centre and Accrington Bus Station, the property benefits from excellent footfall and strong surrounding commercial activity
Tenure
Leasehold - Title number LA889937
EPC
Rating B
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
For sale via secure sale online bidding - terms and conditions apply.
Income-Producing Investment - Accrington Town Centre
An excellent opportunity to acquire a well-positioned, income-generating commercial property in the heart of Accrington town centre.
This substantial two-storey commercial unit, prominently located on Union Street, is currently let and producing a strong rental income of 9,600 per annum, offering immediate return on investment.
The property is occupied by an established tenant operating a music tuition and rehearsal business. The tenant is part way through a six-year licence agreement expiring in June 2029, subject to a tenant break option at 36 months (not currently triggered), providing ongoing income stability.
Strategically situated within close proximity to the Arndale Shopping Centre and Accrington Bus Station, the property benefits from excellent footfall and strong surrounding commercial activity. Nearby national occupiers include Subway, Santander, Boots, EE and Poundland, alongside a range of well-supported independent retailers.
Accrington forms part of the Hyndburn borough in Lancashire and enjoys excellent connectivity. The town lies approximately 4 miles east of Blackburn, 13 miles east of Preston and 20 miles north of Manchester. It benefits from strong public transport links via bus and rail services, together with convenient access to Junction 7 of the M65 motorway, providing direct connections to the M6 motorway network.
The property falls within Use Class E, offering flexibility for a range of commercial uses (subject to any necessary consents).
Income producing commercial investment
9,600 per annum rental income
Tenant in situ with licence agreement
Established music tuition and rehearsal business operator
Prominent Accrington town centre location
Close to Arndale Shopping Centre and bus station
Two-storey commercial unit
Use Class E - flexible commercial use
Excellent transport links including rail services and Junction 7 of the M65
Description
This substantial two-storey commercial unit, prominently located on Union Street, is currently let and producing a strong rental income of 9,600 per annum, offering immediate return on investment.
Location
Strategically situated within close proximity to the Arndale Shopping Centre and Accrington Bus Station, the property benefits from excellent footfall and strong surrounding commercial activity
Tenure
Leasehold - Title number LA889937
EPC
Rating B
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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