Regent Street, BB8 8LJ

LOCATION

The property is situated immediately opposite the busy ASDA food store that is complemented by the retail occupiers B & M, Pets at Home, Poundland, Pure Gym as well as Boundary Mill Retail Park where Tenants include Argos, DFS and Next.

Colne is located approximately 6 miles north east of Burnley and 30 miles west of Leeds and 30 miles north of Manchester.

The subject site is located on Regent Street and is accessible to the M65 (0.4 Miles away) via A6068 at junction 14, and approximately 1 mile from Colne town centre.

DESCRIPTION

The site extends approximately 0.7 acres (0.285 hectors) and currently Includes a detached building that is part showroom and storage with first floor offices. The premises are to be available with vacant possession, although a couple of the tenants would remain in occupation if required.

The site offers potential for redevelopment or subdivision and letting as an investment.

In addition to the surrounding retail site it is also positioned adjacent to Jewson's and a number of local trade counter occupiers.

DEVELOPMENT OPPORTUNITIES

Subject to planning the site could be suitable for a range of uses including, drive through restaurant, retail, public house, light industrial trade counter and employment.

ACCOMMODATION

Floor areas

Ground floor 8079 sq.ft 750.56 sq.m

First floor 4395 sq.ft 408.31 sq.m

GIA 12474 sq.ft 1158.87 sq.m

SERVICES

The property has the benefit of all mains services.

SERVICES RESPONSIBILITY

It is the prospective Purchasers' responsibility to verify that all appliances, services and systems are in working order and are of adequate capacity and suitable for their purpose.

TENURE

Freehold.

PLANNING

It is the prospective Purchasers responsibility to verify that their intended use is acceptable to the local Planning Authority

TENANCIES

Ground Floor Units 1 and 2 - Vacant

Ground Floor Unit 3 - Boundary Carpets Ltd occupy part by way of a Tenancy at Will paying a daily rent of £42.74.

First Floor Unit 3 - Online Home Retail Ltd occupy the first floor on a lease for 12 months from the 14th December 2018 expiring 13th December 2019 with a mutual break with 6 months notice. Passing rent £7720 per annum.

DISPOSAL

Offers are considered for the site either on a Freehold basis or if redevelopment is proposed together with details of the intended use and an indicative schematic proposal should the offer be conditional on planning.

LEGAL COSTS

Each party is to be responsible for their own legal costs.

VAT

All prices quoted are exclusive of, but may be subject to VAT at the prevailing rate.

VIEWING

Petty Chartered Surveyors

Imperial Chambers, Manchester Road

Burnley, BB11 1HH

Tel. www.pettycommercial.co.uk