Blackburn Street, Radcliffe (2013) - Aston Rose
investment
020 7629 1533
41-51 Blackburn Street Radcliffe Lancashire M26 1NR
Investment summary: • • •
Prominent retail parade Busy south Lancashire market town No VAT
•
£750,000 reflecting 9.22% initial and 10.35% reversionary
www.astonrose.co.uk
investment Location Radcliffe is located approximately six miles north of Manchester City centre, equidistant between Bury and Bolton. The town is only a short distance from the M62/M61/M66 motorways and is served by the Metrolink line between Bury and Manchester. Situation The parade occupies the best location in the main retail pitch on the west side of Blackburn Street at the junction of Railway Street. Description The premises comprise a modern purpose built two-storey retail parade of seven units with separate offices above part. A traditional brick built construction under a pitched tiled roof, the property forms an island site with a large service
020 7629 1533 Further Information For further information or to arrange a viewing, please contact:
yard and parking to the rear with access from Railway Street. There are return frontages to numbers 41 and 51. Tenure Freehold.
Ken Morgan 020 7629 1533 [email protected]
VAT The property has not been elected for VAT.
Rob Cragg 020 7629 1533 [email protected]
EPC The energy performance asset ratings on the parade are:C (70), C(68), D(81), E(113), E(108), C(75) and D(79). Full copies of the EPCs are available on request.
Aston Rose 35c North Row London W1K 6DH
Proposal Offers in the region of £750,000 (seven hundred and fifty thousand pounds) are sought reflecting a net initial yield of 9.22% and reversionary yield of 10.35% after deduction of standard costs of 5.8%.
www.astonrose.co.uk
Tenancy Schedule Property
Floor
41 Blackburn Street
Ground Retail First Floor Office First Ancillary
43 Blackburn Street
Size (sq ft)
Tenant
Lease Start
Lease Expiry (Break)
Rent Review
Rent pa
818 351 150
Bank of Scotland
24 Jun 2009
23 Jun 2019 (23 June 2014)
24/06/2014
£10,000
Ground Retail Ground Store
1,131 80
Your-Move.co.uk
25 Dec 2007
24 Dec 2017
25/12/2012
£10,750
45 Blackburn Street
Ground Retail Ground Ancillary
1,034 47
Oxfam Ltd
30 Sep 2010
29 Sep 2015
£9,100
47 Blackburn Street
Ground Retail
1,084
Mr R & Mrs K Woods t/a Dominicks
25 Mar 2011
24 Mar 2013
£10,700
49 Blackburn Street
Ground Retail Ground Ancillary
51 Blackburn Street
Ground Retail First Floor Office First Floor Ancillary
2,000 630 425
Barclays Bank plc
6 Jan 2012
5 Jan 2017
£18,000
1 West Street
Ground Retail Ground Floor Office Ground Ancillary
1,055 272 95
Mr Matadar t/a The Post Office
9 May 2012
8 May 2017
£9,000
01 May 1999
30 Apr 2009
£5,628
Blackburn Street - Suite 2
First Floor Office TOTAL
788 241
762
See Note 1
See Note 2
Vacant
Messrs Brocklehurst & Bagnall
10,963
See Note 3
£73,178
1. Lease includes tenants right to renew, exercisable in 2018. 2. Tenant has expressed interest to renew their lease for a term of two years - currently in negotiations to agree terms. 3. Lease includes a tenants rolling break on 6 months notice if post office contract is rescinded Misrepresentation Act 1967 and Property Misdescriptions Act 1991 Aston Rose (West End) Limited gives notice that this information is provided as a general outline only for guidance of intending purchasers and is not intended to form part of any offer or other contract. The information is intended to give a fair description of the property but is given without any responsibility and any intending purchasers or third parties should not rely on the details as statements or representations of fact and must rely on their own enquires or inspections to satisfy the correctness of the information. Aston Rose (West End) Limited and the owner of the property do not make or give, representations or warranties whatsoever in relation to the property. Aston Rose (West End) Limited and their respective employees do not accept any responsibility for information supplied to them by the owner or any third party. The plans in in these particulars are published for convenience of identification only, and although believed to be correct, their accuracy is not guaranteed and does not form part of any contract. The photographs in these particulars only show certain parts of the property at the time the photographs were taken. Aspects of the property may have changed since the photographs were taken and it should not be assumed that the property is in the exact state shown in the photographs. Any areas, measurements and distances referred to in these particulars are approximate. The floor areas within these particulars have been ascertained from the Valuation Office Agency and where practicable reasonable steps have been taken to ensure their accuracy. Descriptions of the property are given in good faith as a subjective opinion and should not be taken as a statement of fact.
020 7629 1533
41-51 Blackburn Street Radcliffe Lancashire M26 1NR
Investment summary: • • •
Prominent retail parade Busy south Lancashire market town No VAT
•
£750,000 reflecting 9.22% initial and 10.35% reversionary
www.astonrose.co.uk
investment Location Radcliffe is located approximately six miles north of Manchester City centre, equidistant between Bury and Bolton. The town is only a short distance from the M62/M61/M66 motorways and is served by the Metrolink line between Bury and Manchester. Situation The parade occupies the best location in the main retail pitch on the west side of Blackburn Street at the junction of Railway Street. Description The premises comprise a modern purpose built two-storey retail parade of seven units with separate offices above part. A traditional brick built construction under a pitched tiled roof, the property forms an island site with a large service
020 7629 1533 Further Information For further information or to arrange a viewing, please contact:
yard and parking to the rear with access from Railway Street. There are return frontages to numbers 41 and 51. Tenure Freehold.
Ken Morgan 020 7629 1533 [email protected]
VAT The property has not been elected for VAT.
Rob Cragg 020 7629 1533 [email protected]
EPC The energy performance asset ratings on the parade are:C (70), C(68), D(81), E(113), E(108), C(75) and D(79). Full copies of the EPCs are available on request.
Aston Rose 35c North Row London W1K 6DH
Proposal Offers in the region of £750,000 (seven hundred and fifty thousand pounds) are sought reflecting a net initial yield of 9.22% and reversionary yield of 10.35% after deduction of standard costs of 5.8%.
www.astonrose.co.uk
Tenancy Schedule Property
Floor
41 Blackburn Street
Ground Retail First Floor Office First Ancillary
43 Blackburn Street
Size (sq ft)
Tenant
Lease Start
Lease Expiry (Break)
Rent Review
Rent pa
818 351 150
Bank of Scotland
24 Jun 2009
23 Jun 2019 (23 June 2014)
24/06/2014
£10,000
Ground Retail Ground Store
1,131 80
Your-Move.co.uk
25 Dec 2007
24 Dec 2017
25/12/2012
£10,750
45 Blackburn Street
Ground Retail Ground Ancillary
1,034 47
Oxfam Ltd
30 Sep 2010
29 Sep 2015
£9,100
47 Blackburn Street
Ground Retail
1,084
Mr R & Mrs K Woods t/a Dominicks
25 Mar 2011
24 Mar 2013
£10,700
49 Blackburn Street
Ground Retail Ground Ancillary
51 Blackburn Street
Ground Retail First Floor Office First Floor Ancillary
2,000 630 425
Barclays Bank plc
6 Jan 2012
5 Jan 2017
£18,000
1 West Street
Ground Retail Ground Floor Office Ground Ancillary
1,055 272 95
Mr Matadar t/a The Post Office
9 May 2012
8 May 2017
£9,000
01 May 1999
30 Apr 2009
£5,628
Blackburn Street - Suite 2
First Floor Office TOTAL
788 241
762
See Note 1
See Note 2
Vacant
Messrs Brocklehurst & Bagnall
10,963
See Note 3
£73,178
1. Lease includes tenants right to renew, exercisable in 2018. 2. Tenant has expressed interest to renew their lease for a term of two years - currently in negotiations to agree terms. 3. Lease includes a tenants rolling break on 6 months notice if post office contract is rescinded Misrepresentation Act 1967 and Property Misdescriptions Act 1991 Aston Rose (West End) Limited gives notice that this information is provided as a general outline only for guidance of intending purchasers and is not intended to form part of any offer or other contract. The information is intended to give a fair description of the property but is given without any responsibility and any intending purchasers or third parties should not rely on the details as statements or representations of fact and must rely on their own enquires or inspections to satisfy the correctness of the information. Aston Rose (West End) Limited and the owner of the property do not make or give, representations or warranties whatsoever in relation to the property. Aston Rose (West End) Limited and their respective employees do not accept any responsibility for information supplied to them by the owner or any third party. The plans in in these particulars are published for convenience of identification only, and although believed to be correct, their accuracy is not guaranteed and does not form part of any contract. The photographs in these particulars only show certain parts of the property at the time the photographs were taken. Aspects of the property may have changed since the photographs were taken and it should not be assumed that the property is in the exact state shown in the photographs. Any areas, measurements and distances referred to in these particulars are approximate. The floor areas within these particulars have been ascertained from the Valuation Office Agency and where practicable reasonable steps have been taken to ensure their accuracy. Descriptions of the property are given in good faith as a subjective opinion and should not be taken as a statement of fact.
