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Michael Holden 

Property Management 

FOR SALE


1, 3 and 5-7 Broadway and Barclays Bank (5 Union Street) 

Accrington 

BB5 1JY



6684.2 SQ.FT

Barclays Bank and three Retail Units Broadway Accrington
Barclays Bank and three Retail Units Broadway Accrington
Barclays Bank and three Retail Units Broadway Accrington
Accrington Pals Accrington
Accrington Town Hall

LOCATION:

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.

DESCRIPTION:

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. 

PRICE:

£600,000 (Six Hundred Thousand Pounds). 

ACCOMMODATION

There is an accommodation schedule on the particulars. 

LEASES

Full copies of the leases are available by request. 

RATES

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

SERVICES

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:

VAT is not applicable.

EPC

A full copy of the report can be made available upon request.

LEGAL COSTS

Each party to be responsible for their own legal costs involved in the transaction.

VIEWING INFORMATION

MICHAEL HOLDEN COMMERCIAL

11 Cannon Street,

Accrington,

Lancashire,

BB5 1NJ

01254 916 455

[email protected]


Barclays Bank and three Retail Units Broadway Accrington
Barclays Bank and three Retail Units Broadway Accrington
Barclays Bank and three Retail Units Broadway Accrington
Barclays Bank and three Retail Units Broadway Accrington

DOCUMENTS

PROPERTY PARTICULARS

  EPC CERTIFICATE  

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