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Lot 46

ON BEHALF OF EXECUTORS
6 Week completion

SITUATION

Located close to the junction with Bank Street within the town centre, diagonally opposite Haslingden Library and amongst various multiples such as Greggs, Nisa Extra, Sue Ryder, TSB Bank, Hallmark and more.
Haslingden lies approximately 8 ½ miles from Burnley and 8 miles south-east of Blackburn benefitting from good road links via the A56 to the M66 (Junction 1) & the M65 (Junction 8).

PROPERTY

A mid terrace building comprising a Ground Floor Shop and Basement with internal access to Ancillary Accommodation at first floor and second floor levels.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 16'5"
Internal Width 15'2"
Shop & Built Depth 36'2"
Area Approx. 480 sq ft
Basement
Area Approx. 440 sq ft
WC
First Floor Ancillary
Area Approx. 475 sq ft
Second Floor Ancillary
Area Approx. 295 sq ft

Total Area Approx. 1,690 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Age UK Ltd (having approx. 400 branches) (T/O for Y/E 31/03/17 £73.1m, Pre-Tax Profit £3.8m and Shareholders' Funds £49.5m) for a term of 15 years from 15th January 2012 at a current rent of £5,500 per annum exclusive.

Rent Review and Tenant's Break 2022

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

25 Deardengate, Haslingden, Rossendale, Lancashire BB4 5QN