23 Union Street Accrington Lancashire BB5 1PL

23 Union Street
Accrington
Lancashire
BB5 1PL

Town Centre Retail Investment

  • 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
    £16,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £222,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Town Centre Retail Investment

  • 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.

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    550 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    99 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Forbes Solicitors Ground Floor, Oak House, 28 Sceptre Way, Walton
Preston
Lancaster
PR5 6AW
Mohassan Mehmood 0800 689 3206mohassan.mehmood@forbessolicitors.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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