Let to Subway Realty Limited on a new 10 year lease (subject to option)
Directly opposite the Accrington Arndale Shopping Centre in the heart of the town centre
Adjacent to the town’s recently developed bus station
Neighbouring occupiers include Marks & Spencer, Holland & Barrett, Boots Optician and the entrance to the new bus station
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 109
Auction 13th October 2016
Rent
Status Sold
Price £222,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
20 miles east of Preston, 20 miles north of Manchester
Roads
A56, M66, M56
Rail
Accrington Railway Station
Air
Manchester Airport, Leeds Bradford International Airport
Situation
The property is situated on the west side of Union Street opposite the Accrington Arndale Shopping Centre, in the heart of the town centre and benefits from increased pedestrian flow being immediately adjacent to the entrance to the town’s recently developed bus station, directly at the rear of the property. Neighbouring occupiers include Marks & Spencer, Holland & Barrett and Boots Optician.
Tenure
Freehold. and Virtual Freehold. Part of the property is held for a term of 999 years from 15/09/1787.
Location
Miles
20 miles east of Preston, 20 miles north of Manchester
Roads
A56, M66, M56
Rail
Accrington Railway Station
Air
Manchester Airport, Leeds Bradford International Airport
Situation
The property is situated on the west side of Union Street opposite the Accrington Arndale Shopping Centre, in the heart of the town centre and benefits from increased pedestrian flow being immediately adjacent to the entrance to the town’s recently developed bus station, directly at the rear of the property. Neighbouring occupiers include Marks & Spencer, Holland & Barrett and Boots Optician.
Tenure
Freehold. and Virtual Freehold. Part of the property is held for a term of 999 years from 15/09/1787.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from rear access off Crawshaw Street.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from rear access off Crawshaw Street.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/Reversion
Ground First
Retail Ancillary
109.80 sq m 45.52 sq m
(1,182 sq ft) (490 sq ft)
SUBWAY REALTY LIMITED (t/a Subway)
10 years from 26/07/2016 on a full repairing and insuring lease (1)
£16,000
26/07/2021 25/07/2026
TOTALS
155.32 sq m
(1,672 sq ft)
£16,000
(1) The lease provides for a tenant option to determine the lease on 26/07/2021.