74,432 sq ft Offices, a 3,590 sq ft Industrial Warehouse and ancillary Outbuildings extending to 2,909 sq ft
Parking for approximately 210 cars
Approximate site area of 2.77 acres (1.12 hectares) Approximate site coverage of 22%
Tenants include Lancashire Care NHS Foundation Trust
Active management opportunity with Development potential (Subject to consents)
Lot 16
Auction 5th May 2021
Rent £278,897 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
0.75 miles north west of Blackburn town Centre, 21 miles north-west of Manchester, 10 miles East of Preston
Roads
A666, A678, M65 (Junction 6)
Rail
Blackburn Railway Station
Air
Manchester Airport
Situation
The property is prominently situated in a busy and well established commercial and industrial location approximately 0.75 miles north west of Blackburn Town Centre and railway station. The majority of the property is situated on the east side of Appleby Street and a substantial car park on the west side of Appleby Street.
Tenure
Freehold.
Location
Miles
0.75 miles north west of Blackburn town Centre, 21 miles north-west of Manchester, 10 miles East of Preston
Roads
A666, A678, M65 (Junction 6)
Rail
Blackburn Railway Station
Air
Manchester Airport
Situation
The property is prominently situated in a busy and well established commercial and industrial location approximately 0.75 miles north west of Blackburn Town Centre and railway station. The majority of the property is situated on the east side of Appleby Street and a substantial car park on the west side of Appleby Street.
Tenure
Freehold.
Description
The property is a substantial commercial site of approximately 2.77 acres (1.12 hectares) and comprises an attractive and substantial 5 storey former mill building that now provides flexible office accommodation, a modern warehouse building benefiting from an eaves height of approximately 3.5m (12 ft) and a vehicle access loading door and two substantial ancillary outbuildings fronting Appleby Street. The property also benefits from parking for approximately 210 cars in two car parks. The property benefits from an overall site coverage of 22% and may be suitable for further development on the car parks subject to consents.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See legal pack.
Description
The property is a substantial commercial site of approximately 2.77 acres (1.12 hectares) and comprises an attractive and substantial 5 storey former mill building that now provides flexible office accommodation, a modern warehouse building benefiting from an eaves height of approximately 3.5m (12 ft) and a vehicle access loading door and two substantial ancillary outbuildings fronting Appleby Street. The property also benefits from parking for approximately 210 cars in two car parks. The property benefits from an overall site coverage of 22% and may be suitable for further development on the car parks subject to consents.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See legal pack.
Tenancy & Accommodation
Building
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/ (Reversion)
Cottage 2
Ground and First
Office
78.78 sq m
(848 sq ft)
DEXTRAPAY LIMITED
3 years from 13/07/2020
£5,088
(12/07/2023)
Cottage 1
Ground and First
Office
83.98 sq m
(904 sq ft)
VACANT POSSESSION
-
-
-
Gatehouse
Ground
Office
107.49 sq m
(1,157 sq ft)
WATERSIDE CREATIVE LIMITED
3 years from 01/10/2019
£3,250
01/10/2021 (30/09/2022)
Main Building
Ground
Kitchen
27.87 sq m
(300 sq ft)
SIZZLERS SANDWICH BAR LTD
5 years from 01/12/2018
£1,250
01/12/2021 (30/11/2023)
Main Building
Ground
Cafe
39.95 sq m
(430 sq ft)
SIZZLERS SANDWICH BAR LTD
2 years from 01/03/2021
£1,074.36
(30/11/2023)
Main Building
First and Second floor
Office
2,628.71 sq m
(28,296 sq ft)
LANCASHIRE CARE NHS TRUST
20 years from 25/03/2007 (1)
£125,000
(24/03/2027)
Main Building Suites 301 - 314
Third
Office
1,118.17 sq m
(12,047 sq ft)
MULTIPLE TENANTS (2)
(2)
£41,115.29 (2)
-
Main Building Suites 401 - 414
Fourth
Office
1,023.21 sq m
(11,014 sq ft)
MULTIPLE TENANTS (3)
(3)
£40,653.36 (3)
-
Main Building Suites 501 - 511
Fifth
Office
1,748.67 sq m
(18,823 sq ft)
MULTIPLE TENANTS (4)
(4)
£61,466 (4)
-
Main Building Suites 310, 408, 406a, 501, 505, 508
Various
Office
831.27 sq m
(8,948 sq ft)
VACANT POSSSSION
-
-
-
Total
7,689.10 sq m
(82,767 sq ft)
£278,897.01 with 831.27 sq m (8,948 sq ft) of vacant offices to be let.
(1) As to the lease to LANCASHIRE CARE NHS TRUST, there is an option to determine on 25/12/2021. (2) The 3rd floor is occupied by 12 tenants producing a rent of £10,750.68. A copy of the full tenancy schedule is available in the legal pack. (3) The 4th floor is occupied by 14 tenants producing a rent of £40,653.36. A copy of the full tenancy schedule is available in the legal pack. (4) The 5th floor is occupied by 7 tenants producing a rent of £61,466. A copy of the full tenancy schedule is available in the legal pack.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
