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
    24/Sep/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    Withdrawn Prior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
  • 28 James Street, Burnley, Lancashire, BB11 1NQ
  • Expand
  • Photos
  • Map

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

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent 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 £1,000 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

  • 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
Billy StruthBilly Struth +44 (0)20 7034 4854 +44 (0)7824 705 955billy.struth@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

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