Unit 1 3-7 Union Street Bacup, Near Rochdale Lancashire OL13 0AA

Unit 1
3-7 Union Street
Bacup, Near Rochdale
Lancashire
OL13 0AA

Freehold Retail Investment

Let to Ladbrokes Betting and Gaming
Limited until October 2021 (no breaks)
Town centre location
Located adjacent to Bacup market
Nearby occupiers include The Co-Operative, One Stop and Lloyds Pharmacy
Six Week Completion Period Available

Lot
21
Auction
21st March 2013
Rent
£22,500 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Freehold Retail Investment

Let to Ladbrokes Betting and Gaming
Limited until October 2021 (no breaks)
Town centre location
Located adjacent to Bacup market
Nearby occupiers include The Co-Operative, One Stop and Lloyds Pharmacy
Six Week Completion Period Available

Lot 21
Auction 21st March 2013
Rent £22,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 8 miles south of Burnley, 9 miles north of Rochdale, 15 miles east of Blackburn
Roads: A646, A671, A681, M65 (Junction 10)
Rail: Burnley Manchester Road Rail Station, Burnley Rail Station
Air: Leeds Bradford International Airport, Manchester Airport

Situation

Bacup is an attractive market town 9 miles north of Rochdale. The property occupies a prominent position on the crossroads of Union Street and Irwell Street in the town centre. Nearby occupiers include The Co-Operative, One Stop and Lloyds Pharmacy and it is adjacent to the RSPCA.

Tenure

Freehold.

Location

Miles: 8 miles south of Burnley, 9 miles north of Rochdale, 15 miles east of Blackburn
Roads: A646, A671, A681, M65 (Junction 10)
Rail: Burnley Manchester Road Rail Station, Burnley Rail Station
Air: Leeds Bradford International Airport, Manchester Airport

Situation

Tenure

Freehold.

Description

The property is an attractive modern single storey building comprising retail accommodation on the ground floor.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property is an attractive modern single storey building comprising retail accommodation on the ground floor.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Retail	121.50 sq m	(1,308 sq ft)	LADBROKES BETTING AND GAMING LIMITED (1)	15 years from 09/10/2006 until 2021 on a full repairing and insuring lease (2)	£22,500	09/10/2016
Totals		121.50 sq m	(1,308 sq ft)			£22,500

(1) For the year ending 31/12/2011, Ladbrokes Betting and Gaming Limited reported a turnover of £694,138,000, pre-tax profits of £111,963,000 and a total net worth of £885,620,000. (Source: www.riskdisk.com 25/02/2013)
(2)By a deed of variation dated 22nd February 2013 entered into by the vendor and the tenant (Ladbrokes), the tenant’s break option in 2016 has been removed.