RETAIL INVESTMENT FOR SALE
• Rental Income - £12,500 per annum
• 106 sq m / 1,141 sq ft
• Currently Let to Dominos (Most recently trading as Loans 2 Go)
• Lease Expiring in 2024
• On site car parking
• Price £135,000
Price: £135,000
Location
The property is located on Whalley New Road, close to its junction with the A6119 Bypass and next door to the existing Tesco convenience store.
The unit sits in the centre of the retail parade in a mix of surrounding residential and retail properties on the edge of Blackburn town centre.
Description
The single storey retail property is of steel frame construction with mono pitched roof and full height glazing to the front of the property.
The property has most recently been occupied by Loans 2 Go however the property is still currently under lease to Dominos.
The property has air conditioning throughout, CCTV and burglar alarm.
The site benefits from shared car parking spaces to the front of the unit, as well as loading to the rear.
Accommodation
The unit has a net internal area of 1,141 sq.ft / 106 sq. m.
Services
It is understood that all mains services, apart from gas, are available to the premises.
Rating
Full details available on request.
Investment Details
The unit is currently let on a 20 year lease from 5th October 2004 to DP Realty (t/a Dominos) and let at a current passing rent of £12,500 pa. The unit is currently vacant and Dominos do not have a break clause for the duration of their lease. The building is let on full repairing and insuring terms. The tenant is responsible for all business rates payable and the building insurance. Full details of the lease are available on request.
Money Laundering Regulations
Please note we are now required to carry out customer due diligence on all purchasers once an offer is accepted, whereby we are required to obtain proof of identity and proof of address of the prospective purchaser
Tenure
Freehold
Price
£135,000
Availability
Available immediately
Legal Costs
Each party to be responsible for their own legal costs
Viewing
Strictly through agents
Taylor Weaver
(James Taylor)
Listed Features
- Convenience Store
- General Retail
- CCTV
- Parking
- Storage
- Steel Framed
