Nearby occupiers include The Co-Operative, One Stop and Lloyds Pharmacy
Six Week Completion Period Available
Lot 21
Auction 21st March 2013
Rent £22,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
Property Information
Location
Miles
8 miles south of Burnley, 9 miles north of Rochdale, 15 miles east of Blackburn
Roads
A646, A671, A681, M65 (Junction 10)
Rail
Burnley Manchester Road Rail Station, Burnley Rail Station
Air
Leeds Bradford International Airport, Manchester Airport
Situation
Bacup is an attractive market town 9 miles north of Rochdale. The property occupies a prominent position on the crossroads of Union Street and Irwell Street in the town centre. Nearby occupiers include The Co-Operative, One Stop and Lloyds Pharmacy and it is adjacent to the RSPCA.
Tenure
Freehold.
Location
Miles
8 miles south of Burnley, 9 miles north of Rochdale, 15 miles east of Blackburn
Roads
A646, A671, A681, M65 (Junction 10)
Rail
Burnley Manchester Road Rail Station, Burnley Rail Station
Air
Leeds Bradford International Airport, Manchester Airport
Situation
Bacup is an attractive market town 9 miles north of Rochdale. The property occupies a prominent position on the crossroads of Union Street and Irwell Street in the town centre. Nearby occupiers include The Co-Operative, One Stop and Lloyds Pharmacy and it is adjacent to the RSPCA.
Tenure
Freehold.
Description
The property is an attractive modern single storey building comprising retail accommodation on the ground floor.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is an attractive modern single storey building comprising retail accommodation on the ground floor.
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
Retail
121.50 sq m
(1,308 sq ft)
LADBROKES BETTING AND GAMING LIMITED (1)
15 years from 09/10/2006 until 2021 on a full repairing and insuring lease (2)
£22,500
09/10/2016
Totals
121.50 sq m
(1,308 sq ft)
£22,500
(1) For the year ending 31/12/2011, Ladbrokes Betting and Gaming Limited reported a turnover of £694,138,000, pre-tax profits of £111,963,000 and a total net worth of £885,620,000. (Source: www.riskdisk.com 25/02/2013) (2)By a deed of variation dated 22nd February 2013 entered into by the vendor and the tenant (Ladbrokes), the tenant’s break option in 2016 has been removed.
