Istanbul Restaurant, Nab Lane, Blackburn, Blackburn With Darwen
Size
6,500
Tenure
Freehold
EPC
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Parking
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- Primary use
- Restaurant
No floor / site plan
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Parking
- Transport links
- Well connected
- Natural light
- Open plan
- Plug and play
- Raised floor
Key features
- Restaurant investment opportunity in Blackburn town centre
- New 5-year lease to be put in place at completion
- Rent: £50,000 per annum
- Asking price: £600,000
- Approximately 6,500 sq ft / 603.8 sq m
- Fully fitted restaurant with approximately 220–250 covers
- Adjacent to Reel Cinemas and Blackburn’s main entertainment quarter
- 500+ car parking spaces directly above at Feilden Street Car Park
Description
The property comprises a substantial, fully fitted ground floor restaurant and kitchen extending to approximately 6,500 sq ft (603.8 sq m), with accommodation for approximately 220-250 covers. The restaurant has traded from the premises for approximately two years and the property was extensively fitted out when the business opened.
At the point of sale, a new five-year lease is to be put in place at a rent of £50,000 per annum, exclusive of all other outgoings. The property is offered for sale at £600,000, equating to an approximate gross initial yield of 8.33% before purchaser's costs.
The property occupies a prominent position on Nab Lane within Blackburn's town centre entertainment quarter. It is adjacent to the Reel Cinemas entertainment complex and sits beneath the Feilden Street multi-storey car park, which provides parking for more than 500 vehicles. Nab Lane forms a pedestrian route linking Blackburn College with King George's Hall, Reel Cinemas and The Mall shopping centre. Blackburn College is adjacent to the property and is stated to have a student population in excess of 15,000.
The interest being sold is long leasehold for a term of 200 years from 2008, subject to a nominal ground rent. The property is stated as suitable for retail, leisure or restaurant use. VAT is applicable at the prevailing rate, the Rateable Value is £55,500 and a copy of the EPC is available on request.
Agency fees may apply.
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Istanbul Restaurant, Nab Lane, Blackburn, Blackburn With Darwen
About Citrus Commercial Circle, Manchester
Citrus Commercial Circle offer a unique and unrivalled approach to commercial property leasing, acquisitions and disposals by combining over 60 years of property management and trading experience, an expert and far-reaching team of RICS Chartered Surveyors and Valuers, and a bespoke personal service.
Our specialist property consultants, working closely with our associated chartered surveyors, provide unparalleled expertise across Greater Manchester and the North West region in areas such as:
- Office, Industrial, Land and Retail Agency
- Management
- Property Development and Finance
- Investment
- Valuation
Our working ethos, derived from a true desire to serve our clients’ interests, is to provide comprehensive property services for all. Whether you are an independent property owner, small business or sole trader, high-net-worth individual, well-established limited company or a large-scale PLC, we treat your interests as our own; we rest only once your property opportunities or investments are not only fulfilled, but maximised.
Our client base boasts a range of high-net-worth individuals, overseas investors, property PLCs and limited companies alike – built on our involvement in the purchase and sale of thousands of residential properties and advising on over £500 million worth of commercial acquisitions for major UK companies.
With such an extensive client base, our profound working relationships, associated chartered surveyors, and a multitude of shared ownership property services businesses, we consistently outperform other agents in providing property solutions: no enquiry is left unresolved, no opportunity is squandered, and value is added in every transaction.
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