Hynburn Rd | Accrington BB5 4AH
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Hynburn Rd
Accrington BB5 4AH
B&M Home Store · Retail Property For Sale
Investment Highlights
- Well secured B&M Bargains Investment
- Available immediately
- Current Rent Passing - £299,374 per annum (£9.52 per sq.ft)
Executive Summary
Originally constructed as a Home Base store, the property comprises a purpose built, modern, single storey, non-food, retail warehouse, constructed on a steel portal frame with brick and insulated profile steel cladding to both walls and roof, including double skin translucent roof panels.
To the side of the property is a large garden centre area and tarmac surfaced car parking for 160 vehicles fronts the property.
The premises are let to B & M Retail Ltd. on a lease expiring on 23rd June 2032. The tenant occupies the property on full repairing and insuring terms and the current rent passing is £299,374 per annum (£9.52 per sq.ft).
The lease was originally granted to Home Base Ltd., who assigned it to B & M Retail in December 2014. The premises were then refurbished and fitted out to B & M specification.
There are no break clauses for the duration of the lease. Upward on rent review to open market value on 24 June 2024 (capped at 12% increase).
A copy of the lease is available on request.
To the side of the property is a large garden centre area and tarmac surfaced car parking for 160 vehicles fronts the property.
The premises are let to B & M Retail Ltd. on a lease expiring on 23rd June 2032. The tenant occupies the property on full repairing and insuring terms and the current rent passing is £299,374 per annum (£9.52 per sq.ft).
The lease was originally granted to Home Base Ltd., who assigned it to B & M Retail in December 2014. The premises were then refurbished and fitted out to B & M specification.
There are no break clauses for the duration of the lease. Upward on rent review to open market value on 24 June 2024 (capped at 12% increase).
A copy of the lease is available on request.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Supermarket
Building Size
31,430 SF
Building Class
C
Year Built
2010
Price
$7,394,996 CAD
Price Per SF
$235 CAD
Cap Rate
6.75%
NOI
$499,162 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
3.32 AC
Amenities
- Storage Space
1 of 2
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