Situated in the pedestrianised town centre of Accrington, opposite Accrington Arndale Centre and nearby to occupiers such as Santander, Costa Coffee, and Specsavers. Access via road is primarily provided by the A679 and Eastgate, with Accrington train station also located nearby.
Description
An income-producing, part-let commercial investment opportunity: a substantial, two-storey and double-fronted retail unit (2 Cornhill), sold vacant, along with a number of neighbouring units which are effectively sold by way of long leaseholds but generate a total rent of £750 per annum. 2 Cornhill was most recently occupied by Boots and enjoys a prominent retail position and offers investors an opportunity to generate income.
Accommodation
2 Cornhill
Storey
Description
Approx. Floor Area
Ground floor
Open-plan retail, meeting room, kitchenette
225 sq m (2,424 sq ft)
First floor
Storage, offices, meeting rooms
203 sq m (2,184 sq ft)
Total
428 sq m (4,608 sq ft)
Tenure
The lot is sold leasehold on a 900 year terms from 1st September 1936 at a fixed ground rent of £650 per annum.
Tenancy
Units 1/2, 3 The Broadway, and 4a, 4b and 6 Cornhill are sold subject to long leasehold expiring in August 2836. The total income generated from these leaseholds is £750 per annum.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.
2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 21ST MAY AND CLOSES ON WEDNESDAY 22ND MAY.
3. Energy Performance Certificate = TBC
Address
Units 1-2 & 3 Broadway & Units 4a, 4b & 6 Cornhill, Accrington, Lancashire, BB5 1EX
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