96 St James Street Burnley Lancashire BB1 1NJ

96 St James Street
Burnley
Lancashire
BB1 1NJ

Freehold Bank Investment

Let to Santander UK plc
Pedestrianised Town Centre location
Approximately 359.61 sq m (3,870 sq ft)
Nearby occupiers include Skipton Building Society, Marks & Spencer and Charter Walk Shopping Centre with occupiers including Boots the Chemist, River Island, Superdrug and W H Smith
Six Week Completion Period Available

Lot
20
Auction
21st March 2013
Rent
£57,630 per Annum Exclusive
Status
Sold
Price
£625,000
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Freehold Bank Investment

Let to Santander UK plc
Pedestrianised Town Centre location
Approximately 359.61 sq m (3,870 sq ft)
Nearby occupiers include Skipton Building Society, Marks & Spencer and Charter Walk Shopping Centre with occupiers including Boots the Chemist, River Island, Superdrug and W H Smith
Six Week Completion Period Available

Lot 20
Auction 21st March 2013
Rent £57,630 per Annum Exclusive
Status Sold
Price £625,000
Sector
Bank
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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: Leeds Bradford International Airport, Manchester Airport

Situation

The property is situated on the south side of St James Street close to its junction with Hammerton Street and Curzon Street, Burnley’s principal pedestrianised retail thoroughfare. Nearby occupiers include Skipton Building Society, Marks & Spencer, Barclays Bank and Charter Walk Shopping Centre with occupiers including Boots the Chemist, River Island, Superdrug and W H Smith.

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: Leeds Bradford International Airport, Manchester Airport

Situation

Tenure

Freehold.

Description

The property, a double fronted retail unit, comprises a ground floor banking hall with office and ancillary accommodation on the first floor.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First	Banking Hall Office/Ancillary	208.15 sq m 189.88 sq m	(2,240 sq ft) (2,043 sq ft)	SANTANDER UK PLC (1)	25 years from 24/06/1993 until 2018 (2)	£57,630	24/06/2013
Totals		398.03 sq m	(4,283 sq ft)			£57,630

(1) For the year ending 2011, Santander Uk plc reported pre-tax profits of £1,261,000,000 and a total net worth of £10,524,000,000. (Source: www.riskdisk.com 18/02/2013)
(2)The tenant (Santander UK plc) has verbally indicated a willingness to enter negotiations for a new lease.