Lot
074
Auction Ends: 21/09/2022 16:04

41-47 Burnley Road, Burnley, Lancashire BB12 8BY

Property Details
Location
Auction Details
Description
A substantial period investment property extending to approximately 552 Sq M (5,944 Sq Ft). The property has been refurbished and fitted out to a high standard and produces a combined income of £40,150 per annum.
Location
The property is situated in a prominent position at the junction of Burnley Road (A671), Darwen Street and Eccleshill Street, in the centre of Padiham. Burnley town centre is approximately 4 miles to the south east and Junction 8 of the M65 motorway is 2 miles to the south.
Accommodation

DescriptionSq MSq Ft
43-45 Burnley Road
Ground Floor (Sales)
Basement (Treatment Rooms, W/C, Staff Area)

49.4
47.3
96.7

532
509
1,041
47 Burnley Road
Ground Floor (Former Banking Hall)

94.2

1,014
41 Burnley Road
First Floor (Offices)

92.7

998
Rear Offices
Ground Floor, First Floor & Basement

118.5

1,276
Apartment
Second Floor

150

1,615
Total552.15,944

Outside
There is a small yard area to the rear.
Approx Site Area
Approximately 250 Sq M (299 Sq Yds).
Tenure
Unknown
Planning
Interested parties should consult direct with the Local Planning Authority: Burnley Borough Council, Town Hall, Manchester Road, Burnley, BB11 9SA. Telephone: 01282 425 011. Email: [email protected]
Tenancy
43-45 Burnley Road is let to Feathers Beauty by way of a four year lease from 11 December 2021 at a current rent of £11,375 per annum.

41 Burnley Road (first floor offices) is let from 19 November 2021 by way of a five year lease with provision for a rent review at the end of the third year, at an initial rent of £7,475 per annum. There is a tenant break option exercisable at the end of the third year.

47 Burnley Road (Former Banking Hall) is let to by way of a five year lease from
18 May 2022 at a rent of £9,600 per annum, with a rent review at the end of the third year.

The rear offices and basement is let to Atkinson Morley Limited by way of a periodic tenancy from 1 August 2015 at a current rent of £4,225 per annum.

The second floor apartment is let by way of an Assured Shorthold Tenancy agreement from July 2022 at a rent of £575 per 4 weeks (£7,474 per annum).
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 20TH SEPTEMBER AND CLOSES ON WEDNESDAY 21ST SEPTEMBER.

3. The property is entered in the 2017 Rating List with the following assessments:

41 Burnley Road: "Offices and Premises" - Rateable Value £3,850
43-45 Burnley Road: "Shop and Premises" - Rateable Value £5,500
47 Burnley Road: "Offices and Premises" - Rateable Value £6,200

The Rateable Value (RV) is not the amount payable.

4. Energy Performance Certificates:

Number 41 = C
Apartment 41 = C
Number 43 = D
Number 43-45 = C
Number 47 = E
Addendum
41 Burnley Road (first floor offices) - The lease start date has been updated from December 2021 to 19 November 2021. 43-45 Burnley Road - The lease term has been updated from 5 years to 4 years. 47 Burnley Road (Former Banking Hall) - The lease start date has been updated from June 2022 to 18 May 2022. Rear offices and basement - The basis of the tenancy has been updated from a 3 year lease to a periodic tenancy agreement. Second Floor Apartment - The rent has been updated from £6,900 per annum to £7,475 per annum.

Our Nearest Office

Manchesterresize 600x300

Manchester

Joint Agent

Trevor Dawson
Contact: Michael Cavannagh

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