Key features
- Located in the heart of Accrington Town Centre and all its amenities.
- Comprises of three retail units and a bank.
- Producing £55,810 per annum.
- Within close proximity to Accrington Bus and Railway Station.
- Established tenants.
Description
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 tenants are The Sandwich Shack (1 Broadway), 333 Barber Shop (3 Broadway) and KGN News (5-7 Broadway).
Overall the properties are producing an annual rent of £55,570 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 at the back of the particulars
Similar properties in the area
Investment for sale
Club Court, Club Street, Bamber Bridge, Preston PR5 6FN
50745 sq. ft (4714 m²)
For Sale | Freehold Industrial Investment | Fully let to Expleo UK Limited on a 10 year lease | 50,745 sq ft on a site area of 2.54 acres | Located adjacent to Junction 29 of the M6 Motorway
Investment for sale
Leyland Lane, Leyland, PR25 1UP
Wide double fronted shop premises with 2 bedroom flat above
Investment for sale
Ascroft Court, Peter Street, Oldham, Greater Manchester OL1 1HP
This freehold site offers a well-balanced mix of commercial and residential accommodation, extending to around 12,000 sq ft in total and benefitting from parking for thirteen vehicles. It comprises five commercial units, five fully operational 5-person, all-ensuite HMOs, and two long-leasehold units.
Investment for sale
St John Street, Pemberton, Wigan, WN5 0DT
?The Green? is a unique development of four traditionally built properties presented as HMO?s with a potential income of �8,150 pcm (9.8% gross yield).