B&M Retail Limited, 5 Irwell Street, Bacup, Lancashire OL13 0AD
Sold
Price
£750,000
Rent (pa)
£65,000
Yield
8.22%
Investment Summary
- Prominent Foodstore Investment Opportunity in Bacup, Lancashire
- Bacup is a town in Lancashire approximately 4 miles east of Rawtenstall, 7 miles south of Burnley and 20 miles north of Manchester
- Situated on Irwell Road just off St James Street, the principal retail area within Bacup town centre
- Mixed use location with national commercial occupiers including Morrisons, Lloyds Pharmacy, Ladbrokes and Barclays Bank
- Property comprises a substantial open-plan single storey retail unit with ancillary storage, staff facilities and customer WCs
- Total floor area of 11,082 sq ft
- Large tarmacadam car parking for c. 60 vehicles
- Let to B&M Retail Limited
- 10-year lease from 22nd August 2019, expiring on 21st August 2029 (4.18 years unexpired)
- Current passing rent of £65,000 per annum (£6.61 psf)
- Freehold
Interested in this property?
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