Freehold Retail Investment
Freehold Retail Investment
The property is situated in the town centre, some 150 metres from Darwen Station. The property benefits from proximity to The Green and is some 50 metres from the recently completed £12.7m Darwen Community and Leisure Centre and there is substantial car parking available on School Street, to the rear of the property. The Darwen Library Theatre, Asda and Boots the Chemist are all
located nearby.
Freehold.
The property is situated in the town centre, some 150 metres from Darwen Station. The property benefits from proximity to The Green and is some 50 metres from the recently completed £12.7m Darwen Community and Leisure Centre and there is substantial car parking available on School Street, to the rear of the property. The Darwen Library Theatre, Asda and Boots the Chemist are all
located nearby.
Freehold.
The property comprises ground retail unit with two upper floors of ancillary accommodation.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground retail unit with two upper floors of ancillary accommodation.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First Second |
Retail Ancillary Ancillary |
72.83 sq m 43.73 sq m 51.43 sq m |
(784 sq ft) (470 sq ft) (553 sq ft) |
THOMAS COOK TRAVELLTD guaranteed by ThomasCook Group UK Ltd (t/a TheCo-Operative Travel) (1) | 10 years from 01/10/2011 until 2021 on a full repairing and insuring lease (2) (3) |
£15,250 |
01/10/2016 |
| Totals | 167.99 sq m |
(1,807 sq ft) |
£15,250 | ||||
(1) For the year ending 30th September 2010 Thomas Cook Group UK Limited reported a total net worth of £718,887,000. (Source: www.riskdisk.com 18/04/2012) On 4th October 2011 Thomas Cook Group, The Co-Operative Travel and Midlands Co-Operative established a joint venture to combine their UK high street travel and foreign exchange businesses, creating the UKs largest travel
retailer with around 1,200 branches across England, Scotland, Wales and Northern Ireland. (Source: Thomas Cook Group)
(2) The lease provides for a tenants option to determine on the 1st October 2016.
(3) The Lease is subject to a Schedule of Condition.
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