Commercial Property for sale7 Brown Street, Burnley, BB11 1PJ
Brown Street is situated just off St James Street, the main thoroughfare in Burnley town centre with Marks & Spencer and JJB Sports being within 50 metres of the properties.
The properties comprise two retail units within a block of four which include an established Italian restaurant. The accommodation is arranged on the ground floor.
5 Brown Street, Burnley
Tenant – North East Lancashire Money
Term – Full repairing and insuring lease from the 20th November 2006 for a term of 12 years.
Rent - £7,594 per annum.
Rent Reviews – At three yearly intervals to open market rent or RPI.
7 Brown Street, Burnley
Tenant - The Nail and Hair Bar
Term - Full repairing and insuring Lease from the 23rd November 2007 for a term of 10 years.
Rent - £7,518 per annum
Rent Reviews - At three yearly intervals to open market rent or RPI
The properties are to be sold subject to 250 year ground leases, each at a fixed ground rent of £520 per annum.
5 Brown Street - £78,950 (seventy eight thousand nine hundred and fifty pounds)
7 Brown Street - £78,950 (seventy eight thousand nine hundred and fifty pounds)
Each party is to bear their own legal and professional costs in this matter.
All prices quoted are exclusive of, but may be subject to VAT at the standard rate.
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