Lune Street, Padiham, Burnley, Lancashire, Bb12
On behalf of N J Pask and R J Goode, Joint Fixed Charge Receivers FORMER SUPERMARKET LUNE STREET, PADIHAM, BURNLEY, LANCASHIRE, BB12 8DG SECURE INCOME INVESTMENT GUARANTEED BY CO-OP (12 YEARS UNEXPIRED) FORMER SUPERMARKET LUNE STREET, PADIHAM, BURNLEY, SECURE INCOME INVESTMENT LANCASHIRE, BB12 8DG GUARANTEED BY CO-OP INVESTMENT CONSIDERATIONS ■ Current rent of £179,885 per annum ■ We are instructed to seek offers in excess of £2,250,000 ■ Prominent town centre former supermarket investment (Two Million, Two Hundred and Fifty Thousand Pounds) subject ■ Fixed rental uplifts in June 2021 and ■ Situated in the attractive town of Padiham to contract and exclusive of VAT. This equates to an attractive June 2026, based on 2.25% per annum net initial yield of 7.52% after allowing for purchaser’s costs of ■ The unit comprises a total of 1,023.5 sq m (11,017 sq ft) compounded 5 yearly 6.33%. With the following guaranteed reversions: - of well configured floor space ■ Car parking for 80 cars Date Running Yield ■ Let for a further 12 years (no breaks) to the excellent ■ Freehold June 2021 8.40% covenant of Rochpion Properties (4) LLP, with Co-operative Group Limited as guarantor ■ Site area of 1.18 acres (0.48 hectares) June 2026 9.39% FORMER SUPERMARKET LUNE STREET, PADIHAM, BURNLEY, SECURE INCOME INVESTMENT LANCASHIRE, BB12 8DG GUARANTEED BY CO-OP A687 A65 A61 A19 LANCASTER A59 YORK LOCATION A658 M A65 O M6 A61 O ST Burnley is located in the county of Lancashire, 44 km (27 miles) to the Leeds A64 RRY R UA Bradford E A629 Q A6068 8 A1(M) LA 6 A19 north of Manchester, 17 km (11 miles) to the east of Blackburn and A585 60 E A N N LA E E V BLACKPOOL A59 PADIHAM LEEDS RYCLIFFE ST 48 km (30 miles) to the west of Bradford.
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