Daisyfield Business Centre
Appleby Street
Blackburn
Lancashire
BB1 3BL

Freehold Substantial Multi-let Offices investment

  • Prominent location close to Town Centre
  • 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
    05/May/2021
  • Rent
    £278,897 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
Important Update
  • Daisyfield Business Centre<br>Appleby Street<br>Blackburn<br>Lancashire<br>BB1 3BL
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

BuildingFloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/
(Reversion)
Cottage 2Ground
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
---
GatehouseGroundOffice
107.49 sq m
(1,157 sq ft)
WATERSIDE
CREATIVE LIMITED
3 years from
01/10/2019
£3,25001/10/2021
(30/09/2022)
Main BuildingGroundKitchen
27.87 sq m
(300 sq ft)
SIZZLERS
SANDWICH BAR
LTD
5 years from
01/12/2018
£1,25001/12/2021
(30/11/2023)
Main BuildingGroundCafe
39.95 sq m
(430 sq ft)
SIZZLERS
SANDWICH BAR
LTD
2 years from
01/03/2021
£1,074.36(30/11/2023)
Main BuildingFirst 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
ThirdOffice
1,118.17 sq m
(12,047 sq ft)
MULTIPLE
TENANTS (2)
(2)£41,115.29 (2)-
Main Building
Suites 401 - 414
FourthOffice
1,023.21 sq m
(11,014 sq ft)
MULTIPLE
TENANTS (3)
(3)£40,653.36 (3)-
Main Building
Suites 501 - 511
FifthOffice
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
VariousOffice
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    28.04.21
    File Size
    249 MB
    Login to View
  • Site Plan
    Updated Date
    16.04.21
    File Size
    741 KB
    View PDF
  • Catalogue Page
    Updated Date
    19.04.21
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
TLT LLP 20 Gresham Street
London
EC2V 7JE
Carrie Whittle 0333 006 1672carrie.whittle@tltsolicitors.com

Useful Links

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