B & M, 5 Irwell Street Bacup Lancashire OL13 0AD

B & M, 5 Irwell Street
Bacup
Lancashire
OL13 0AD

Freehold Retail Investment

  • Prominent town centre location
  • Let to B&M Retail Limited on a new 10 year lease from completion (no breaks)
  • 80 space car park included
  • Comprises 9,822 sq ft on a site of 0.87 acres
  • Lot
    30
  • Auction
    11th July 2019
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £740,000
  • Sector
    Supermarket
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Update
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • Prominent town centre location
  • Let to B&M Retail Limited on a new 10 year lease from completion (no breaks)
  • 80 space car park included
  • Comprises 9,822 sq ft on a site of 0.87 acres
  • Lot 30
  • Auction 11th July 2019
  • Rent
  • Status Sold
  • Price £740,000
  • Sector
    Supermarket
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN

Property Information

Location
Miles
8 miles south of Burnley
9 miles north of Rochdale
15 miles east of Blackburn
14 miles north of Manchester
Roads
A646, A671, A681, M65 (Junction 10)
Rail
Burnley Manchester Road Rail Station
Burnley Rail Station
Air
Leeds Bradford International Airport
Manchester Airport
Situation

Bacup is an attractive market town within the Rossendale borough of Lancashire, 9 miles north of Rochdale and
14 miles north of Manchester. The town benefits from good communications being located on the A671 and A681, which connect to the M65 to the north and the M62 to the south. The property is located in the town centre in a prominent position at the junction of King Street and Lee Street, opposite Morrisons. Other occupiers nearby include Lloyds Pharmacy, Ladbrokes, Barclays Bank and Irwell Medical Centre.

Tenure

Freehold.

Location
Miles
8 miles south of Burnley
9 miles north of Rochdale
15 miles east of Blackburn
14 miles north of Manchester
Roads
A646, A671, A681, M65 (Junction 10)
Rail
Burnley Manchester Road Rail Station
Burnley Rail Station
Air
Leeds Bradford International Airport
Manchester Airport
Situation

Bacup is an attractive market town within the Rossendale borough of Lancashire, 9 miles north of Rochdale and
14 miles north of Manchester. The town benefits from good communications being located on the A671 and A681, which connect to the M65 to the north and the M62 to the south. The property is located in the town centre in a prominent position at the junction of King Street and Lee Street, opposite Morrisons. Other occupiers nearby include Lloyds Pharmacy, Ladbrokes, Barclays Bank and Irwell Medical Centre.

Tenure

Freehold.

Description

The property comprises a large ground floor shop with sales, staff and ancillary accommodation. The property benefits from on-site car parking for 80 cars. Approximate site area
0.87 acres (0.36 hectares).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at www.acuitus.co.uk

Description

The property comprises a large ground floor shop with sales, staff and ancillary accommodation. The property benefits from on-site car parking for 80 cars. Approximate site area
0.87 acres (0.36 hectares).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor Use Gross Internal Floor Areas
(Approx)
Tenant Term Rent p.a.x Review
Ground Retail/
Ancillary
912.46 sq m
(9,822 sq ft)
B&M RETAIL
LIMITED (1)
10 years from completion
on a full repairing and
insuring lease
£60,000 2024 (any uplift
capped at 12% of
passing rent)
Total
912.46 sq m
(9,822 sq ft)
    £60,000  

(1) For the year ended 31st March 2018, B&M Retail Limited reported a turnover of £2,629,145,000, pre-tax profits of £236,006,000 and a net worth of £600,542,000 (Source: Experian 12/06/2019). B&M was formed in 1978 and is now one of the leading variety retailers in the UK. From its first store in Blackpool, Lancashire, B&M has grown to over 600 stores and employs over 26,000 people
(Source: www.bandmretail.com).

Property Documents

  • Site Plan
    Updated Date
    19.06.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    19.06.19
    File Size
    865 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
Peter CunliffePeter Cunliffe +44 (0)20 7034 4850peter.cunliffe@acuitus.co.uk
Seller's Solicitors
Gordons LLP Riverside West, Whitehall Road
Leeds
West Yorkshire
LS1 4AW
James Kimberley 0113 227 0257james.kimberley@gordonsllp.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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