Poundstretcher Queen's Lancashire Way Burnley Lancashire BB11 1HA

Poundstretcher
Queen's Lancashire Way
Burnley
Lancashire
BB11 1HA

Freehold Retail Warehouse Investment

  • Entirely let to Poundstretcher Limited until 2036 (subject to options)
  • Located in an established mixed commercial area close to town centre
  • Nearby occupiers include B&M, Pets at Home and Kwik-Fit
  • Large site of approximately 0.421 hectares (1.039 acres) with parking for some 72 cars
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    50
  • Auction
    21st May 2015
  • Rent
    £100,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Retail Warehouse
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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* More information on the term "guide" can be found here

Freehold Retail Warehouse Investment

  • Entirely let to Poundstretcher Limited until 2036 (subject to options)
  • Located in an established mixed commercial area close to town centre
  • Nearby occupiers include B&M, Pets at Home and Kwik-Fit
  • Large site of approximately 0.421 hectares (1.039 acres) with parking for some 72 cars
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 50
  • Auction 21st May 2015
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Retail Warehouse
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
25 miles east of Preston, 28 miles north of Manchester, 35 miles west of Leeds
Roads
A679, A682, A671, M66, M65 (Junction 10)
Rail
Burnley Central Railway Station, Burnley Manchester Road Rail Station
Air
Leeds Bradford International Airport, Manchester International Airport
Tenure

Freehold.

Location
Miles
25 miles east of Preston, 28 miles north of Manchester, 35 miles west of Leeds
Roads
A679, A682, A671, M66, M65 (Junction 10)
Rail
Burnley Central Railway Station, Burnley Manchester Road Rail Station
Air
Leeds Bradford International Airport, Manchester International Airport
Tenure

Freehold.

Description

The property is situated approximately 400 metres to the south of Burnley Town Centre in a prominent position on the east side of Queen’s Lancashire
Way at its roundabout junction with St James’s Street. Nearby occupiers include B & M, Pets at Home, Kwik-Fit, Anvic and On Yer Bike Cycles.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 is situated approximately 400 metres to the south of Burnley Town Centre in a prominent position on the east side of Queen’s Lancashire
Way at its roundabout junction with St James’s Street. Nearby occupiers include B & M, Pets at Home, Kwik-Fit, Anvic and On Yer Bike Cycles.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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. Reviews
Ground Retail Warehouse
1,144.21 sq m
(12,317 sq ft)
POUNDSTRETCHER LIMITED (1) 23 years 5 months from 01/11/2012 until 14/04/2036 on a full repairing and insuring lease (2) £100,000 15/04/2018, 15/04/2021 and five yearly
Totals  
1,144.21 sq m
(12,317 sq ft)
    £100,000  

(1) Poundstretcher was established in 1981 and is the UK’s leading discount retailer of products for the home, with more than 400 retail stores across Britain. (Source www.poundstretcher.co.uk 20/04/2015)
(2)The lease provides options to determine on 14th April 2018 and 14th April 2026 on 6 months’ written notice which are personal to the current tenant only.

Property Documents

  • Catalogue Page
    Updated Date
    28.04.15
    File Size
    996 KB
    View PDF
  • Site Plan
    Updated Date
    28.04.15
    File Size
    76 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
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Associate Auctioneers
Fawcett Mead 15/17 Great Portland Street
London
W1W 8QA
James Mead 0207 182 7481James@fawcettmead.co.uk
Seller's Solicitors
Mayer Brown International LLP 201 Bishopsgate
London
EC2M 3AF
Danielle Gerber 0203 130 3643dgerber@mayerbrown.com

Useful Links

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

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