28 James Street Burnley Lancashire BB11 1NQ

28 James Street
Burnley
Lancashire
BB11 1NQ

Freehold Retail Investment

  • Let to Coral Racing Limited until 2027 (no breaks)
  • Prime pedestrianised town centre location opposite Charter Walk Shopping Centre
  • Asset Management Opportunities including possible surrender premium and re-letting
  • VAT-free investment
  • Lot
    29
  • Auction
    24th September 2021
  • Rent
    £29,762 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Trustees
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Let to Coral Racing Limited until 2027 (no breaks)
  • Prime pedestrianised town centre location opposite Charter Walk Shopping Centre
  • Asset Management Opportunities including possible surrender premium and re-letting
  • VAT-free investment
  • Lot 29
  • Auction 24th September 2021
  • Rent
  • Status Withdrawn Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Trustees

Property Information

Location
Miles
21 miles east of Preston, 24 miles north of Manchester, 30 miles west of Leeds
Roads
M6, M61, M65
Rail
Burnley Central Rail Station,
Burnley Manchester Road Rail Station
Air
Manchester Airport
Situation

The property is prominently situated on the south side of the pedestrianised St James's Street, in the heart of the town centre, between Parker Lane and Manchester Road, opposite an entrance to Charter Walk Shopping Centre. Shopping Centre occupiers include Boots, Costa, Greggs, Iceland, Halifax, Primark and Wilko.

Tenure

Freehold.

Location
Miles
21 miles east of Preston, 24 miles north of Manchester, 30 miles west of Leeds
Roads
M6, M61, M65
Rail
Burnley Central Rail Station,
Burnley Manchester Road Rail Station
Air
Manchester Airport
Situation

The property is prominently situated on the south side of the pedestrianised St James's Street, in the heart of the town centre, between Parker Lane and Manchester Road, opposite an entrance to Charter Walk Shopping Centre. Shopping Centre occupiers include Boots, Costa, Greggs, Iceland, Halifax, Primark and Wilko.

Tenure

Freehold.

Description

The property comprises a shop arranged on the basement, ground and mezzanine/first floors. The mezzanine first floor has been sublet.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Description

The property comprises a shop arranged on the basement, ground and mezzanine/first floors. The mezzanine first floor has been sublet.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x
Ground
First/Mezzanine
Basement
(hatch access)
Retail
Retail (Sublet)
-
115.29 sq m
136.84 sq m
-
(1,241 sq ft)
(1,473 sq ft)
-
CORAL RACING
LIMITED (1)
16 years from
28/02/2011 until
27/02/2027 on a full
repairing and insuring
lease
£29,762
Total
252.13 sq m
(2,714 sq ft)
    £29,762

(1) For the year ending 31st December 2019, Coral Racing Limited reported a turnover of £136,836,000, a pre-tax profit of £33,805,000 and shareholder funds of £178,071,000 (source: NorthRow 26/08/2021). The tenant is currently not in occupation and the first floor has been sublet to a tattoo artist t/a Skin Factory.

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.

Property Documents

  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    755 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    945 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Howes Percival Solicitors 3 Osiers Business Centre Leicester
Leicester
LE19 1DX
Stuart Burns DD 0116 2473581Stuart.Burns@howespercival.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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