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

116 St. James Street, 3 Tanner Street, Burnley, Lancashire, BB11 1NL

*Guide | £295,000 (plus fees)

  • Commercial Property
  • 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,

Commercial Investment Opportunity – Four Units Generating £36,396 Per Annum

The opportunity comprises 4x self-contained and individually Let commercial units arranged within two adjoining buildings. 116 St James Street comprises a ground floor retail unit currently Let to a barbers at £953 pcm 116a St James Street comprises a ground floor retail unit currently Let to a hair & beauty salon at £910 pcm. 3 Tanner Street comprises a ground floor commerical unit currently Let to a personal training studio / gym at £520 pcm. 3a Tanner Street comprises a first floor commerical unit currently Let to a dance studio at £650 pcm. Total Income - £36,396 per annum (£3,033 pcm) Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

See Legal Pack

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: 116 St James St: 35.7 sq m (384 sq ft) 116a St James St: 43.9 sq m (472 sq ft) 3 Tanner St: tbc 3a Tanner St: 120.6 sq m (1,298 sq ft)

Location

116 & 116a St James Street is situated in a prominent position fronting St James Street in Burnley town centre opposite M&S. 3 & 3a Tanner is situated to the rear off Hammerton Street, close to the junction with St James Street in Burnley town centre.

Energy Efficiency Rating (EPC)

Current Rating B & E

Local Authority

Burnley Borough Council

Additional Fees

Administration Charge - 2.4% inc VAT of the purchase price, subject to a minimum of £2500 inc VAT, 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.