COVID-19 – Important Auction Information
For Sale By Auction | 13:00, 20 May 2021

131-135 St. James Street And 2-6 Brown Street, Burnley, Lancashire, BB11 1PP

*Guide | £500,000 (plus fees)

  • Mixed Use
  • 3 Bedrooms
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 20/05/2021

Auction Time

13:00

Auction Venue

Online Auction Online Auction,

Mixed Use Investment Opportunity – 5 x Commercial / Retail Units & 3x Flats Producing £50,004 Per Annum

The property comprises a prominent two-storey building occupying a corner position and providing 5x individually Let commercial units plus 3x individually Let 1-bedroom flats. There is potential to let the blank frontage at first floor to an advertising hoarding company. Tenancy & Tenure Please refer to legal pack for further information including leases. Accommodation We have taken the Net Internal Floor Areas from the VOA as follows: 131 St James St: 35.51 sq m (382 sq ft) 133 St James St: 214.28 sq m (2,306 sq ft) 2 Brown Street: 62.7 sq m (674 sq ft) 4 Brown Street: 25.53 sq m (274 sq ft) 6 Brown Street: 46.34 sq m (498 sq ft) Location The property occupies a prominent corner position fronting St James Street and Brown Street, close to Marks & Spencer and will be strategically positioned upon completion of the Pioneer Place project which is set to bring a new Reel Cinema to Burnley town centre alongside a number of food outlets on land at Curzon Street and the Pioneer Place Car Park. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

See Legal Pack

131 St James Street

comprises a ground floor unit currently Let to a hairdressing salon at £650 pcm.

133 St James Street

comprises a ground floor unit currently Let to a tattoo studio and bar at £953 pcm.

2 Brown Street

comprises a ground floor unit currently Let to a hairdressing salon at £563 pcm.

4 Brown Street

comprises a ground floor unit currently Let to a beauty salon at £281 pcm.

6 Brown Street

comprises a ground floor unit currently Let to a beauty salon at £520 pcm.

Flat 1

comprises a 1-bedroom flat currently Let on an AST at £400 pcm.

Flat 2

comprises a 1-bedroom flat currently Let on an AST at £400 pcm.

Flat 3

comprises a 1-bedroom flat currently Let on an AST at £400 pcm

Total Income

£50,004 per annum (£4,167 pcm)

Energy Efficiency Rating (EPC)

Current Rating D & E

Local Authority

Burnley Borough Council

Additional Fees

Administration Charge - 2.4% inc VAT of the purchase price payable on exchange of contracts.

Referral Fees – We offer referred services via 3rd party suppliers which we believe you may benefit from in aiding the primary service we provide. You are under no obligation to use these services, and you should consider your options before accepting any third parties' terms and conditions for which we are not responsible. On some completed transactions they pay referral fees to ourselves. These fees average £300 inc VAT.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.