Freehold Retail Investment
Freehold Retail Investment
The Lancashire town of Blackburn has a catchment population of 157,000 and has good communication links via the M65 motorway. The property is situated on the northern side of Johnston Street at the junction with Whittaker Street. The area has benefited from the recent Banktop Regeneration Project which comprises a development of 62 houses.
Freehold.
The Lancashire town of Blackburn has a catchment population of 157,000 and has good communication links via the M65 motorway. The property is situated on the northern side of Johnston Street at the junction with Whittaker Street. The area has benefited from the recent Banktop Regeneration Project which comprises a development of 62 houses.
Freehold.
The property comprises retail accommodation on the ground and ancillary on the first floor.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises retail accommodation on the ground and ancillary on the first floor.
VAT is not applicable to this lot.
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 | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Ground First |
Retail Ancillary Ancillary |
43.05 sq m 9.55 sq m |
(463 sq ft) (103 sq ft) Not Measured |
CORAL RACING LIMITED (1) |
16 years from 03/02/2011 until 02/02/2027 on a full repairing and insuring lease |
£8,100 |
2016 and 2021 (2) |
| Totals | 52.60 sq m |
(566 sq ft) |
£8,100 | ||||
(1) Coral Racing Limited operate from 1,600 branches.
(2)The lease provides for the rent to be reviewed to the greater of open market rental value or increase by 2.5% p.a. compounded. Therefore the rent will increase to a minimum of £9,164 p.a.x in 2016.
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