Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
4 miles south of Blackburn, 9 miles north of Bolton
Roads
A666, M65 (Junction 4)
Rail
Darwen Railway Station
Air
Manchester Airport
Situation
Darwen is a market town located 4 miles south of Blackburn, close to the M65. The property is prominently situated in a corner position at the junction of Market Street and The Circus. Nearby occupiers include Asda, Iceland, Superdrug, Boots the Chemist, The Co-Operative and Barclays and Santander Banks. Darwen Market, with its own dedicated car park, is located very close to the subject
Tenure
Freehold. Part freehold and part long leasehold, held on two 999 year leases expiring 31st April 2866 and 31st October 2890 at a total ground rent of £168.62 per annum.
Location
Miles
4 miles south of Blackburn, 9 miles north of Bolton
Roads
A666, M65 (Junction 4)
Rail
Darwen Railway Station
Air
Manchester Airport
Situation
Darwen is a market town located 4 miles south of Blackburn, close to the M65. The property is prominently situated in a corner position at the junction of Market Street and The Circus. Nearby occupiers include Asda, Iceland, Superdrug, Boots the Chemist, The Co-Operative and Barclays and Santander Banks. Darwen Market, with its own dedicated car park, is located very close to the subject
Tenure
Freehold. Part freehold and part long leasehold, held on two 999 year leases expiring 31st April 2866 and 31st October 2890 at a total ground rent of £168.62 per annum.
Description
The property, an attractive period building, comprises a ground floor banking hall with ancillary accommodation in the basement and self-contained residential accommodation on the first and attic floors. The property benefits from parking to the rear for approximately 5 cars.
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 not applicable to this lot.
Viewings
There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, an attractive period building, comprises a ground floor banking hall with ancillary accommodation in the basement and self-contained residential accommodation on the first and attic floors. The property benefits from parking to the rear for approximately 5 cars.
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 not applicable to this lot.
Viewings
There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
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
Basement Ground
Ancillary Banking Hall
133.41 sq m 223.24 sq m
(1,436 sq ft) (2,403 sq ft)
NATIONAL WESTMINSTER BANK PLC (1)
Approx 20 years from 13/12/2006 until 11/12/2026
£26,050
11/12/2021 (2) 11/12/2026
First & Attic
3 x residential flats
-
(-)
VINEY GASH PROPERTIES (Flats 1 & 2) MARK JAMES WELLER AND LESLEY JANE TAYLOR (Flat 3)
125 years from 23/06/2003 until 2128 (3)
£300 (3)
23/06/2028 & 25 yearly
Totals
356.65 sq m
(3,839 sq ft)
£26,350
1) National Westminster Bank plc is a wholly owned subsidiary of Royal Bank of Scotland plc who have a market capitalisation rate of £43bn and are 81% owned by HM Government. (Source: www.natwest.com & www.rbs.com) (2) The lease provides for the rent to be reviewed at the next rent review on 11th December 2021 to the higher of Open Market Rental Value or a fixed rental increase of 3.75%. (3) Each residential flat is let on a separate lease each expiring 22nd June 2128, each producing £100 p.a.x.
