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Lot 34

Gross Yield 11.8%
6 Week Completion

Situation

Located in the town centre on this pedestrianised retail thoroughfare opposite Ladbrokes adjacent to CEX and amongst such multiples as Subway, Age UK, Cash Generator, M&S and a host of local traders.
Blackburn lies on the main A666 midway between Preston and Burnley, enjoying easy access to the M65 and M6 motorways.

Property

A mid terraced building comprising a Ground Floor Shop with internal access to Ancillary Storage at first floor level.

Accommodation

Ground Floor Shop
Gross Frontage 18'5"
Internal Width 16'10"
Shop Depth 46'2"
Built Depth 62'2"
Sales Area Approx 670 sq ft
Store Area Approx 245 sq ft
First Floor Ancillary
Area Approx 810 sq ft
2 WCs

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to Cancer Research UK (having approx. 600 branches) for a term of 10 years from 20th January 2017 at a current rent of £10,000 per annum exclusive.

Rent Review and Tenant's Break 2022

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

33 Northgate, Blackburn, Lancashire BB2 1JU