Property Details
Pugh Auctions
Lot 012
Lot 012
Auction: October 2017

The Malkin Centre, Netherfield Road, Nelson, Lancs, BB9 9QL

Property Details
Location

The property is located in a prominent position on the edge of Nelson town centre fronting on to Netherfield Road. The town's main shopping centre, hospital and train station are all in close proximity and the M65 motorway is approximately 0.5 miles away.

Description

Purpose built detached retail & office premises constructed in 2003 of steel portal framed construction and which comprises a self contained ground floor retail unit let to James Hall & Co. (T/A The One Stop Brand) plus a separately accessed self contained office to the first floor which is let.

Accommodation

We detail below the approximate net internal floor areas: Ground Floor (Retail): 330 sq m (3,551 sq ft) First Floor (Office): 330 sq m (3,551 sq ft) Total: 660 sq m (7,102 sq ft)

Outside

Separate entrance to upper floor office, loading bay area for retail unit with 10 demised car parking spaces.

Tenure

Freehold.

Planning

Interested parties should consult direct with the Local Planning Office, Pendle Borough Council, Market Street, Nelson, Lancashire BB9 7LG. Tel: 01282 661 333. Fax: 01282 661 720.

Tenancy

The ground floor retail unit is let to James Hall and Company (Southport) Limited (Company Number 01022295) by way of a 25 year FRI lease from 28th August 2005 at a current rent reserved of ú30,850 per annum which is subject to an upwards only 5 year rent review pattern. The first floor office premises is let to an individual by way of a 3 year lease from 28th November 2015 at a current rent of ú14,000 per annum. The rent increases to ú15,000 from the 28th November 2017. There is an advertising rights agreement with Primesight Limited at a licence fee of ú250 per annum. The total rent is ú45,100 per annum (which increases to ú46,100 pa on the 28/11/2017).

VAT

VAT is payable in addition to the purchase price.

General

Energy Performance Certificate = C

Addendum

The total current rent reserved is ú45,100 per annum and this increases to ú46,100 pa on the 28/11/2017.

Property Location Address:
The Malkin Centre,
Netherfield Road,
Nelson,
Lancs,
BB9 9QL
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Auction Details
Auction: October 2017 Date: 17th October 2017 Lot Number: 012 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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