72 - 78 St James Street, Burnley, LAN

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72-78 St James Street

Burnley, BB11 1NH

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Property type:Retail Sub type:Shop-front Status:Existing Year built:1900

Building size:9,932 sq ft

For sale price:£2,300,000 Price:£231.57 sq ft

Yield:6.30 %

The property comprises a three-storey, corner building of brick/block construction with retail style frontage. The premises are currently arranged to provide a ground floor banking hall with ancillary office space on the upper floors.
The property is situated in a prominent corner location in the town’s main pedestrianised shopping area opposite the entrance to the Charter Walks Shopping Centre. Burnley Central Station is within half a mile.

Sale Notes:
The available space comprises a freehold Bank Investment offering a net initial yield of 6.3%..
The entire property is at present let to Barclays Bank plc for a term of 25 years from 24th June 1990 at a current rent of £145,000 per annum, exclusive of rates. The lease provides for rent reviews every 5 years and contains full repairing and insuring covenants.

CLICK HERE TO CONTACT THE SELLING AGENT

SELLING AGENTS

Suttons Commercial

Rajiv Sabharwal

020 7664 8699

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