Property Information
Address:
71 Bank Top Blackburn, BB2 1TA
, BB2 1TA
Price: Property no longer available.
Size: 4437 sq ft412 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH446620
Property Ref/Agent: 1014 - Investment - 71 Bank Top Blackburn, BB2 1TA
*Please use the agent ref when calling the agent directly.
Property description
Local Food Store in Highly populated residential area
Grade A covenant Tesco Stores with six years remaining rental
Loading to the rear and on street car parking opposite and in the surrounding streets
First floor specialist Ladies Gmy new 5 year lease signed on completion LOCATION
The property fronts Bank Top (A674) on the outskirts of Blackburn town centre in a heavily trafficated and densely populated residential location.
The property is situated approximately 1.5 miles to the south of Blackburn town centre and 2 miles north of access on to the M65.
DESCRIPTION
Comprising a mid-parade convenience store that has been extended to the rear together with a separate first floor ladies gym.
The property has been altered by the Tenants, Tescos, on the ground floor to provide an open plan convenience store with ancillary accommodation. The first floor with its separate access is a private gym and offers a series of studios, changing rooms, shower rooms, toilet and office facilities.
ACCOMMODATION
Ground floor
Sales area 200 sq.m (2,000 sq.ft)
Office ancillary 52 sq.m (561 sq.ft)
Delivery and stock 59 sq.m (641 sq.ft)
First Floor
Gym 114.7 sq.m (1,235 sq.ft)
TENANCY
The property is let by way of a lease for a term of 15 years from 12th May 2006 between F Barratt and Tesco Stored Limited. The lease is subject to 5 yearly rent reviews with a maximum increase based on RPI.
The current passing rent is 38,000 per annum.
The first floor is let on a new full repairing and insuring lease for a term of five years at 7,200 per annum starting January 2016.
EPC
An Energy Performance Certificate is available upon request.
LEGAL COSTS
Each party is to be responsible for their own legal costs.
VAT
All prices quoted are exclusive of, but may be subject to VAT at the prevailing rate.
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