Freehold Retail Investment
Freehold Retail Investment
Bacup is an attractive market town within the Rossendale borough of Lancashire, 9 miles north of Rochdale and
14 miles north of Manchester. The town benefits from good communications being located on the A671 and A681, which connect to the M65 to the north and the M62 to the south. The property is located in the town centre in a prominent position at the junction of King Street and Lee Street, opposite Morrisons. Other occupiers nearby include Lloyds Pharmacy, Ladbrokes, Barclays Bank and Irwell Medical Centre.
Freehold.
Bacup is an attractive market town within the Rossendale borough of Lancashire, 9 miles north of Rochdale and
14 miles north of Manchester. The town benefits from good communications being located on the A671 and A681, which connect to the M65 to the north and the M62 to the south. The property is located in the town centre in a prominent position at the junction of King Street and Lee Street, opposite Morrisons. Other occupiers nearby include Lloyds Pharmacy, Ladbrokes, Barclays Bank and Irwell Medical Centre.
Freehold.
The property comprises a large ground floor shop with sales, staff and ancillary accommodation. The property benefits from on-site car parking for 80 cars. Approximate site area
0.87 acres (0.36 hectares).
VAT is applicable to this lot.
Six Week Completion
Band D. See legal pack at www.acuitus.co.uk
The property comprises a large ground floor shop with sales, staff and ancillary accommodation. The property benefits from on-site car parking for 80 cars. Approximate site area
0.87 acres (0.36 hectares).
VAT is applicable to this lot.
Six Week Completion
Band D. See legal pack at www.acuitus.co.uk
| Floor | Use | Gross Internal Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground | Retail/ Ancillary |
912.46 sq m |
(9,822 sq ft) |
B&M RETAIL LIMITED (1) |
10 years from completion on a full repairing and insuring lease |
£60,000 | 2024 (any uplift capped at 12% of passing rent) |
| Total |
912.46 sq m |
(9,822 sq ft) |
£60,000 | ||||
(1) For the year ended 31st March 2018, B&M Retail Limited reported a turnover of £2,629,145,000, pre-tax profits of £236,006,000 and a net worth of £600,542,000 (Source: Experian 12/06/2019). B&M was formed in 1978 and is now one of the leading variety retailers in the UK. From its first store in Blackpool, Lancashire, B&M has grown to over 600 stores and employs over 26,000 people
(Source: www.bandmretail.com).
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