Commercial Property for sale

Bank Top, Blackburn, Lancashire, BB2 1TA

£550,000

Property Description

Full description

Local Food Store in Highly populated residential area
Grade A covenant Tesco Stores with six years remaining rental
Loading to the rear and on street car parking opposite and in the surrounding streets
First floor specialist Ladies Gmy new 5 year lease signed on completion
LOCATION

The property fronts Bank Top (A674) on the outskirts of Blackburn town centre in a heavily trafficated and densely populated residential location.

The property is situated approximately 1.5 miles to the south of Blackburn town centre and 2 miles north of access on to the M65.

DESCRIPTION

Comprising a mid-parade convenience store that has been extended to the rear together with a separate first floor “ladies gym”.

The property has been altered by the Tenants, Tesco’s, on the ground floor to provide an open plan convenience store with ancillary accommodation. The first floor with its separate access is a private gym and offers a series of studios, changing rooms, shower rooms, toilet and office facilities.

ACCOMMODATION

Ground floor

Sales area 200 sq.m (2,000 sq.ft)

Office ancillary 52 sq.m (561 sq.ft)

Delivery and stock 59 sq.m (641 sq.ft)

First Floor

Gym 114.7 sq.m (1,235 sq.ft)

TENANCY

The property is let by way of a lease for a term of 15 years from 12th May 2006 between F Barratt and Tesco Stored Limited. The lease is subject to 5 yearly rent reviews with a maximum increase based on RPI.

The current passing rent is £38,000 per annum.

The first floor is let on a new full repairing and insuring lease for a term of five years at £7,200 per annum starting January 2016.

EPC

An Energy Performance Certificate is available upon request.

LEGAL COSTS

Each party is to be responsible for their own legal costs.

VAT

All prices quoted are exclusive of, but may be subject to VAT at the prevailing rate.





Nearest stations

  • Mill Hill (0.5 mi)
  • Blackburn (0.8 mi)
  • Cherry Tree (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Petty Estate Agents Ltd, Burnley - Commercial

Imperial Chambers, 32 Manchester Road, Burnley, BB11 1HH

01282 934035 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Mill Hill (0.5 mi)
  • Blackburn (0.8 mi)
  • Cherry Tree (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Petty Estate Agents Ltd, Burnley - Commercial

Imperial Chambers, 32 Manchester Road, Burnley, BB11 1HH

01282 934035 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 71BankTop. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Petty Estate Agents Ltd, Burnley - Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.