Property photos
Auction
From
£75,000
Property for sale
Broadway, Accrington BB5Local area information
Property location
Nearby amenities
- Accrington St John with St Augustine Church of England Primary School 0.2 miles
- Accrington 0.3 miles
- Accrington St Mary Magdalen's Church of England Primary School 0.4 miles
- Church & Oswaldtwistle 1.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Accrington to find out more about the local area.
Features and description
- To be offered on Tuesday 24 September
- High Yielding Retail Investment
- Let to Private Individual t/a Pink Nails
- Producing £13,000 per annum
- Tenant Holding Over
- 2,046 sq ft (190.1 sq m)
- Asset Management Potential
- Nearby Tenants Paying £15,000 per annum
- Popular Pedestrianised Street
- Guide Price Reflects 17.3% Gross Yield
Strapline
Auction Sale - 24/09/2024
High Yielding Retail Investment Opportunity
Let to a Private Individual on a Lease Producing £13,000 per annum - Tenant Currently Holding Over
Description
The property comprises a high yielding retail investment opportunity let to a private individual trading as a nail salon and positioned on a popular pedestrianised street.
Arranged across ground and first floors, the property is let to a private individual trading as Pink Nails on a lease paying £13,000 per annum. The lease expired in 2023 and the tenant is therefore holding over. We consider the property offers evident asset management potential via re-gearing of the lease with nearby tenants paying £15,000 per annum.
The property forms part of a popular local parade with a frontage to the pedestrianised Broadway; the main retail pitch within the town.
Auction Sale - 24/09/2024
High Yielding Retail Investment Opportunity
Let to a Private Individual on a Lease Producing £13,000 per annum - Tenant Currently Holding Over
Description
The property comprises a high yielding retail investment opportunity let to a private individual trading as a nail salon and positioned on a popular pedestrianised street.
Arranged across ground and first floors, the property is let to a private individual trading as Pink Nails on a lease paying £13,000 per annum. The lease expired in 2023 and the tenant is therefore holding over. We consider the property offers evident asset management potential via re-gearing of the lease with nearby tenants paying £15,000 per annum.
The property forms part of a popular local parade with a frontage to the pedestrianised Broadway; the main retail pitch within the town.
More information
Listed by
Savills - National Auctions
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