Virtual Freehold Retail Investment
Virtual Freehold Retail Investment
Padiham, west of the Yorkshire Moors, is 3 miles west of Burnley, 40 miles west of Leeds, 10 miles east of Blackburn, 2 miles north of the M65 Motorway and 18 miles east of the M6 Motorway. The property is situated on Burnley Road (A671), the main arterial road in Padiham, close to its location with Waddington Street. There is a bus stop close by. Nearby occupiers include Tesco, Santander and Lloyds Pharmacy, amongst a number of local traders.
Virtual Freehold. Held for a term of 999 years from 11th May 1853 (approximately 834 years unexpired) at a rent of £18 per annum. No rent reviews.
Padiham, west of the Yorkshire Moors, is 3 miles west of Burnley, 40 miles west of Leeds, 10 miles east of Blackburn, 2 miles north of the M65 Motorway and 18 miles east of the M6 Motorway. The property is situated on Burnley Road (A671), the main arterial road in Padiham, close to its location with Waddington Street. There is a bus stop close by. Nearby occupiers include Tesco, Santander and Lloyds Pharmacy, amongst a number of local traders.
Virtual Freehold. Held for a term of 999 years from 11th May 1853 (approximately 834 years unexpired) at a rent of £18 per annum. No rent reviews.
The property comprises a triple fronted ground floor shop with ancillary accommodation above .
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a triple fronted ground floor shop with ancillary accommodation above .
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
144.4 sq m 96.2 sq m |
(1,555 sq ft) (1,035 sq ft) |
STORM ART LIMITED t/a Storm Art Gallery (1) |
Term of years from 09/02/2017 |
£10,000 (2) | 31/12/2019 |
| Total |
240.6 sq m |
(2,590 sq ft) |
£10,000 | ||||
(1) www.stormart.co.uk
(2) Rent deposit of £1,666 held.
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