Nearby occupiers include Skipton Building Society, Marks & Spencer and Charter Walk Shopping Centre with occupiers including Boots the Chemist, River Island, Superdrug and W H Smith
Six Week Completion Period Available
Lot 20
Auction 21st March 2013
Rent £57,630 per Annum Exclusive
Status Sold
Price £625,000
Sector Bank
Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
Nearby occupiers include Skipton Building Society, Marks & Spencer and Charter Walk Shopping Centre with occupiers including Boots the Chemist, River Island, Superdrug and W H Smith
Six Week Completion Period Available
Lot 20
Auction 21st March 2013
Rent £57,630 per Annum Exclusive
Status Sold
Price £625,000
Sector Bank
Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
Property Information
Location
Miles
21 miles east of Preston, 24 miles north of Manchester, 30 miles west of Leeds
Roads
M6, M61, M65
Rail
Burnley Central Rail Station, Burnley Manchester Road Rail Station
Air
Leeds Bradford International Airport, Manchester Airport
Situation
The property is situated on the south side of St James Street close to its junction with Hammerton Street and Curzon Street, Burnley’s principal pedestrianised retail thoroughfare. Nearby occupiers include Skipton Building Society, Marks & Spencer, Barclays Bank and Charter Walk Shopping Centre with occupiers including Boots the Chemist, River Island, Superdrug and W H Smith.
Tenure
Freehold.
Location
Miles
21 miles east of Preston, 24 miles north of Manchester, 30 miles west of Leeds
Roads
M6, M61, M65
Rail
Burnley Central Rail Station, Burnley Manchester Road Rail Station
Air
Leeds Bradford International Airport, Manchester Airport
Situation
The property is situated on the south side of St James Street close to its junction with Hammerton Street and Curzon Street, Burnley’s principal pedestrianised retail thoroughfare. Nearby occupiers include Skipton Building Society, Marks & Spencer, Barclays Bank and Charter Walk Shopping Centre with occupiers including Boots the Chemist, River Island, Superdrug and W H Smith.
Tenure
Freehold.
Description
The property, a double fronted retail unit, comprises a ground floor banking hall with office and ancillary accommodation on the first floor.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a double fronted retail unit, comprises a ground floor banking hall with office and ancillary accommodation on the first floor.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
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
Ground First
Banking Hall Office/Ancillary
208.15 sq m 189.88 sq m
(2,240 sq ft) (2,043 sq ft)
SANTANDER UK PLC (1)
25 years from 24/06/1993 until 2018 (2)
£57,630
24/06/2013
Totals
398.03 sq m
(4,283 sq ft)
£57,630
(1) For the year ending 2011, Santander Uk plc reported pre-tax profits of £1,261,000,000 and a total net worth of £10,524,000,000. (Source: www.riskdisk.com 18/02/2013) (2)The tenant (Santander UK plc) has verbally indicated a willingness to enter negotiations for a new lease.
