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).