B & M, Hyndburn Road, Accrington, Lancashire

Originally constructed as a Homebase store in 1989, the property comprises a purpose built, modern, single storey, non-food, retail warehouse, constructed on a steel portal frame with brick and insulated profile steel cladding to both walls and roof, including double skin translucent roof panels. To the side of the property is a large garden centre area and tarmac surfaced car parking for 160 vehicles (1:196 car parking spaces).

Accrington lies in East Lancashire, some 6 miles east of Blackburn and 19 miles east of Preston. The town has an urban population of 72,000 and within 10km of the centre are 320,000 people.

The property is located in between the towns only large food store (ASDA) and an Aldi. It is prominently situated fronting Hyndburn Road, close to the Viaduct Roundabout junction on the edge of Accrington town centre. Hyndburn Road is the main arterial road linking Accrington town centre to Junction 7 of the M65 motorway. Other nearby occupiers include ASDA, McDonalds, Aldi, VUE, Jewsons, Howdens and National Tyres and Autocare.

ACCOMMODATION
The property extends 31,430 sq. ft and the garden area 6,900 sq.ft. There is a demised surface car parking providing 160 car parking spaces at a ratio of 1:196 sq.ft. The freehold demise comprises a site area of 3.6 acres.

COVENANT INFORMATION
B&M Retail Limited From its first store in Blackpool, Lancashire, B&M has grown to over 700+ stores and employs over 35,000+ staff. B&M attract over 4 million customers through their doors a week. B&M has stores throughout England, Scotland, Wales, Northern Ireland and France. They are listed on the FTSE 100 and have a market cap of £4.93 Billion.

EPC Rating - B

ANTI-MONEY LAUNDERING
In Accordance with Anti-Money Laundering Regulations, two forms of ID and confirmation of the source of funding will be required from the successful purchaser.

CAPITAL ALLOWANCES
It is the Vendor’s intention to retain Capital Allowances.

VAT
The property is elected for VAT although it is anticipated that the sale will be structured as a Transfer of a Going Concern (TOGC).

PROPOSAL
Offers in excess of £4,200,000 (Four Million Two Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 6.70% after full purchaser’s costs.