FOR SALE - INVESTMENT

BBC Radio 20-26 Darwen Street BB2 2EA

PRICE: £1,300,000 PLUS VAT

The property is located in the centre of Blackburn close to the junction of Darwen Street, Market Street and St Peter Street. The subject property occupies a prominent central position within a retail parade adjoining Albermarle and Bond Pawnbrokers and Barclays Bank and opposite to and close to The Mall Shopping Centre.

Description A substantial 2 storey detached corner building of approximately 8,822 sqft (820 sqm) currently used as a broadcasting studio with offices and car park to the rear. The property is in a very good condition and has the benefit of both gas fired central heating and air conditioning with the air conditioning amounting to approximately 60% of the property. An Ottis 8 person lift also serves the property.

Accommodation:

Ground Floor: Entrance and reception area, live studio, 4 broadcasting studios, server room, computer room, w.c. facilities, engineering workshop and car parking accessed off Mincing Lane.

GIA: 4,411 sqft (410 sqm)

First Floor: Manager’s office, administration office, board room, library, interview room, news room, news studio, station room, storage room, plant room, staff kitchen and w.c. facilities.

GIA: 4,411 sqft (410 sqm)

Total GIA: 8,822 (820 sqm) approx..

Outside: Rear car park with approximately 10-15 spaces.

Lease: Term: 25 year lease from 8 October 2004 Basis: FRI Rent: £83,724 pa Fixed Increases: 2014 to £94,726 pa & 2019 to £107,174 pa Review: 2024 Expiry: September 2029

Business Rates: Charging Authority: Council Description: Office & Premises Rateable Value: £48,250.00 Rates Payable: £23,691.50 approx. Period: 2015/16 Tenant Break Clause: September 2021

Planning: We understand the property currently has permitted use for Offices and Broadcasting Studio.

Services: Mains services are connected to the property. The services, fittings and appliances (if any) have not been tested by the selling agents.

VAT: We understand that VAT is applicable on the purchase price.

Energy Performance Certificates: Rating 69, Band C.

Viewing: By appointment through the sole selling agent.

Important Information: All statements contained in these particulars are provided in good faith and are believed to be correct but their accuracy is not guaranteed. These particulars do not constitute any part of any offer or contract. None of the statements contained herein are, or are intended to be statements or representations of fact or opinion by either the vendor or Shonki Brothers Ltd or its employees or agents. Neither Shonki Brothers Ltd nor its employees or agents are authorised to make or give any representation, guarantees or warranties whatsoever in relation to the above premises. Interested parties must satisfy themselves by inspection or survey on any matter or statement contained in these particulars.The premises detailed in these particulars are offered subject to them not having been let, sold or withdrawn and Shonki Brothers Ltd will accept no liability for consequential loss arising from these particulars or any negotiations in relation thereto.

Health & Safety: You are asked to exercise all care and diligence during your inspection of the property and the Agents are unable to warrant that the property is free of hazards or complies with Health and Safety legislation. The Agents accept no liability for injury or loss to persons or property when visiting.