Property Details
Pugh Auctions
Lot 001
Lot 001
Auction: September 2016

5-11 Peel Street, Accrington, Lancashire, BB5 1EA

Property Details
Location

The property is located on Peel Street close to the junction with Infant Street, within the town centre of Accrington. Peel Street is a busy public transport interchange and is accessed from Blackburn Road which in turn is located from Eastgate (A680).

Description

Town centre located parade of four two storey retail units, two of which are occupied and two of which are offered with vacant possession.

Accommodation

The following information has been taken from the VOA website: 5 Peel Street Ground Floor: 29 sq m (312 sq ft) First Floor: 30 sq m (323 sq ft) 7 Peel Street Ground Floor: 32 sq m (344 sq ft) First Floor: 31 sq m (333 sq ft) 9 Peel Street Ground Floor: 36 sq m (387 sq ft) First Floor: 31 sq m (333 sq ft) 11 Peel Street Ground Floor: 44 sq m (473 sq ft) First Floor: 29 sq m (312 sq ft) Total: 262 sq m (2,817 sq ft)

Outside

Dedicated shared gated service area to the shops which is accessed from Infant Street.

Approx Site Area

Approximately 259 sq m (310 sq yds).

Tenure

Long leasehold for a term of 99 years from 1st September 1966 at a current ground rent of ú1,650 per annum plus additional rental top-ups payable from time to time in accordance with the terms of the Lease.

Planning

Interested parties should consult with the Local Planning Office. Hyndburn Borough Council, Scaitcliffe House, Ormerod Street, Accrington, BB5 0PF. Tel: 01254 388111, Fax: 01254 392597.

Tenancy

5 Peel Street: Let to two individuals T/A Mannings by way of a 10 year FRI lease from 12th May 2008 at a current rent of ú10,000 per annum. 7 Peel Street: Let to a Limited company by way of a 10 year FRI from 6th July 2016 at a current rent of ú6,000 per annum, the lease is subject to a 5 year rent review and tenants break option. 9 Peel Street: Vacant 11 Peel Street: Vacant

VAT

VAT at the prevailing rate is payable in addition to the gavel price, unless the sale can be treated as a TOGC. This will be strictly subject to the purchaser satisfying all necessary conditions for the sale to be treated as a TOGC prior to completion.

Addendum

The property is held long leasehold for a term of 99 years from 1st September 1966 at a current ground rent of ú1,650 per annum plus additional rental top-ups payable from time to time in accordance with the terms of the Lease. VAT at the prevailing rate is payable in addition to the gavel price, unless the sale can be treated as a TOGC. This will be strictly subject to the purchaser satisfying all necessary conditions for the sale to be treated as a TOGC prior to completion.

Property Location Address:
5-11 Peel Street,
Accrington,
Lancashire,
BB5 1EA
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Auction Details
Auction: September 2016 Date: 13th September 2016 Lot Number: 001 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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