£295,000
(£76.13/sq. ft)
Retail premises for sale34-36 St James's Street, Burnley BB11
3,875 sq. ft
About this property
Town centre retail investment
Double fronted three storey retail property
Prime town centre location opposite Boots, jd Wetherspoon, and Costa Coffee. Let to The Works
Let to The Works Stores Limited at a current rent of £30,000 per annum
Five year lease in place from the 24 July 2025 until 23 July 2030
Tenant only break clause on the 24 July 2028 which much be served by the 24 January 2028
Potential to redevelop the upper floors in the future (subject to planning)
Quality tenant with attractive yield
The property is located on St James's Street in the centre of Burnley.
Other businesses in the vicinity include Boots the chemist, jd Wetherspoon, Costa Coffee and Paddy Power.
St James Street is the main town centre parade in Burnley with a mix of national and local tenants.
Burnley has a population of approximately 78,000 residents and is 21 miles North of Manchester and 20 miles East of Preston.
Description
A prime double fronted three storey premises positioned in the heart of Burnley town centre.
The property provides open plan retail accommodation on the ground floor with first and second floor storage facilities.
The property is mid parade retail unit with ornate frontage and is understood to be Freehold.
The property is let to The Works Stores Limited who have been in occupation for a number years and have a lease until the 23 July 2030 at a current rent of £30,000 per annum.
VAT
The property is elected for VAT however the sale can be treated as a togc.
Outgoings
Covenant
The works Stores Limited (Company No 06557400) was founded in 1981 and has grown to be one of the Uk's leading multi channel specialist retailers of value, gifts, arts, crafts, toys, books and stationary. Today the company trades from over 450 stores throughout the UK and Ireland and is listed on the London Stock Exchange.
Viewings
Strictly by appointment with the selling agents:
Whiteacres Property
Church House
10 Church Street
Padiham
BB12 8HG
Accommodation
The property has been measured on a gross internal basis and extends to following approximate floor areas:
Mortgage calculator
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