50-54 Market Street, Chorley, Lancashire, PR7 2SE
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- FOR SALE BY AUCTION ON WEDNESDAY 9th APRIL 2025 (unless sold prior)
- Town Centre Location
- Producing £43,500 per annum
- Gross Yield 11.6%
- Under £25 per sq ft Freehold
Description
Close to the junction with High Street in the heart of the town centre, adjacent to both CPS Store/Post Office and NatWest, opposite Halifax and nearby other multiples such as Santander, Cex, Johnsons and more.
In addition, the property is close to the covered market.Chorley is an attractive market town which lies 10 miles north-west of Bolton, 8 miles south of Preston, enjoying easy access to the M6 (Junction 28) and the M61 (Junction 8).
PROPERTY
A semi-detached 'Art Deco' style building, comprising a Large Ground Floor Retail Unit with internal access to Ancillary Accommodationon the first floor. The property includes a goods lift and benefits from a rear delivery bay.
ACCOMMODATION¹
Ground Floor Retail Unit
Gross Frontage 48'4"
Sales/Storage Area Approx. 8,082 sq ft
First Floor
Storage Area Approx. 7,559 sq ft
WCs
Total Area Approx. 15,641 sq ft
¹Not inspected by Barnett Ross. Areas taken from VOA
VAT is NOT applicable to this Lot
FREEHOLD
TENANCY
The entire property is let on a full repairing and insuring lease (subject to a Schedule of Condition) to Worthington Brougham Furniture Limited as a Furniture Showroom (visit: a term of 10 years from 25th August 2023 at a current rent of £43,500 per annum exclusive.
Rent Review and Tenant's Break August 2028
Note 1: There is a £10,750 Rent Deposit held.
Note 2: 6 Week Completion
Energy Performance Certificates
EPCBrochures
50-54 Market Street, Chorley, Lancashire, PR7 2SE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chorley Station0.2 miles
- Buckshaw Parkway1.8 miles
- Euxton Balshaw Lane Station2.1 miles
Notes
Disclaimer - Property reference Lancashire. 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 Barnett Ross, Barnett Ross. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Barnett Ross, Barnett Ross on 020 8106 0950.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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