Property Details
Pugh Auctions
Lot 059
Lot 059
Auction: December 2018

1-7 Broadway & 5 Union Street, Accrington, Lancashire, BB5 1JY

Property Placeholder
Withdrawn
Property Details
Location

The property is located in a prime town centre retail position at the junction of Union Street & Broadway. The town's main shopping centre is within close proximity & there are an array of national retailers surrounding the property. The towns railway station is approximately 200 metres away.

Description

Majority freehold corner & prime located fully let retail investment which comprises 3 ground floor retail units plus a three storey (plus basement) Barclays Bank, the whole of the property is let with a current income of £55,570 per annum.

Accommodation

The following information has been taken from the VOA website:

5 Union Street (Barclays Bank)

Ground Floor
Banking Hall- 109 sq m (1,172 sq ft)
First Floor
Offices & Staff Areas- 105 sq m (1,129 sq ft)
Second Floor
Offices & Ancillary- 148 sq m (1,592 sq ft)
Basement
Storage- 43 sq m (462 sq ft)
Overall Total
405 sq m (4,355 sq ft)
1 Broadway (Sandwich Shop)

Ground Floor
Sales & Staff Areas- 30 sq m (323 sq ft)
3 Broadway (Barbers Shop)

Ground Floor
Sales & Staff Areas- 41 sq m (441 sq ft)
5-7 Broadway (Convenience Store)

Ground Floor
Sales & Staff Areas- 38 sq m (409 sq ft)
Basement
Storage- 50 sq m (538 sq ft)
Overall Total
88 sq m (947 sq ft)

Tenure

Freehold & Part Leasehold for a term of 999 years.

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 Union Street (Barclays Bank)- Let by way of a 20 year FRI lease from 15th January 2007 granted to Barclays Bank PLC at a current rent of £38,600 per annum which is subject to upwards only rent reviews in December 2018 & 2023. There is a tenants option to break the lease in 2022. 1 Broadway (Sandwich Shop)- Let by way of a 1 year FRI lease from 22nd June 2018 at a rent of £6,950 per annum granted to an individual. 3 Broadway (Barbers Shop)- Let by way of a 2 year FRI lease from 26th January 2018 at a rent of £4,320 per annum (which rises to £4,560 per annum in January 2019) granted to an individual. 5-7 Broadway (Convenience Store)- Let by way of a 2 year FRI lease from 1st June 2018 at a rent of £5,700 per annum granted to an individual. Total Rent- £55,570 per annum

General

Energy Performance Certificate for 5 Union Street = D

Property Location Address:
1-7 Broadway & 5 Union Street,
Accrington,
Lancashire,
BB5 1JY
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Auction Details
Auction: December 2018 Date: 6th December 2018 Lot Number: 059 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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