Basic Facts
Property ID:
11611
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Post Updated:
2020-01-08 17:07:02
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Status:
Acquired
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Type:
Motor
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Tenure:
Leasehold
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Area:
4881 sq ft
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Gross Rent:
£ 52,825
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Lease Term:
35 years from 1996
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Lease Term Expiry Date:
17/08/31
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Years left on Lease:
7.3
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VAT applicable:
Yes
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Property Description
- Blue Chip Motor Investment.
- Comprising 4,881 sq ft on a 0.34 acre site
Location Description
- Blackburn is a major commercial centre situated approximately midway between Burnley and Preston, 21 miles north-west of Manchester.
- The town is served by the M65 Motorway, whilst the A677 links with the M6 Motorway 10 miles west of the town centre.
- The property is situated on the western side of Barton Street, in between its junctions with King Street and Cardwell Place.
- Occupiers close by include: Farm foods and Sue Ryder (both opposite) amongst other independent traders.
Additional Information
- Leasehold. Held on a lease for a term of 999 years from 19th August 1996 at a fixed ground rent of £2 per annum.
- The Headlease contains options to purchase and a right of pre-emption for £1 in respect of the freehold interest.
Features
£500k - £1m
Blue-chip tenant
Finance available
Freehold
Suitable for a SIPP