1, 3 and 5-7 Broadway and Barclays Bank (5 Union Street)
The properties are located on the corner of Broadway and Union Street in the heart of Accrington Town Centre. Accrington is a small market town situated between Burnley and Blackburn in the borough of Hyndburn.
Over the last year Accrington has seen considerable investment from the local authority with the repaving of Broadway, regeneration of shop fronts and implementation of free two-hour town centre car parking.
Accrington bus station and railway station are within close proximity providing connections to Preston, Blackpool, Manchester and beyond.
The closest motorway link is junction 8 of the M65.
A fully let retail investment comprising of a bank premises occupied by Barclays and three retail units.
The properties are of a traditional stone construction beneath a flat asphalt roof.
There is a shared yard to the rear of the properties providing refuse storage and a fire escape.
Barclays occupy the ground floor to the Union Street elevation and the first and second floors above Union Street and Broadway. The three retail units are ground floor only however 1 Broadway has the benefit of a substantial cellar.
Barclays have been in occupation since January 2007 and have eight years left on their lease. The other tenant is KGN News who occupy 3 Broadway and 5-7 Broadway. 1 Broadway is currently vacant.
Overall the properties are producing an annual rent of £48,860 per annum.
Full tenancy details can be found on the next page of the particulars.
£600,000 (Six Hundred Thousand Pounds).
There is an accommodation schedule on the particulars.
Full copies of the leases are available by request.
Tenants are held on FRI leases and are responsible for business rates.
We have been informed by the VOA website that the rateable values are as follows:
1 Broadway: £5,900
3 Broadway: £4,200
5-7 Broadway: £8,900
Barclays Bank: £43,750
Mains services connected to the property include water, electricity supply and mains drainage.
It is the responsibility of the ingoing tenant to satisfy themselves that services are in working order and can satisfy their needs.
VAT is not applicable.
A full copy of the report can be made available upon request.
Each party to be responsible for their own legal costs involved in the transaction.
MICHAEL HOLDEN COMMERCIAL
11 Cannon Street,
01254 916 455
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