1 March 2023: Wednesday 01 March 2023 - 9:00am
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Floorplan
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    Key features

    • Investment Let at £32,560 (currently one flat is vacant)
    • 3 x Ground floor retail units. Tenants have been been in occupation since 2010 (No 43) and 2014 (No 41 & 45)
    • 2 x Two Bedroom Flats and 2 x One bedroom Flat
    • 1 x Storage unit - Planning permission to convert the storage unit into a 1 bedroom flat
    • Potential to improve the passing rent

    Description

    Click Below for Virtual Tour

    Flat A

    Flat B

    Flat C

    Flat E

    A well maintained Freehold and leasehold corner Parade of retail units and residential flats

    The properties are 2 stories in nature comprising of 3 retail units occupying the ground floor fronting Warner Street with 4 Flats and 1 storage unit occupying part ground floor and 1st floor and accessed via Cross Street.

    Warner Street is one of the most vibrant streets within Accrington town centre, boasting a good mix of high

    quality retailers along with beauty salons and coffee shops.

    The property has been in the same ownership since 2007

    Additional information

    Tenure

    Part Freehold and Leasehold (999 years from 4th June 1827) Please refer to title plan in the legal documents.


    Accommodation

    41 Warner Street -Ground Floor - Retail unit occupied by photographers

    43 Warner Street - Ground Floor - Retail unit occupied by Hairdressers

    45 Warner Street - Ground floor - Retail units occupied by Beauticians


    3A Cross Street - First Floor - 1 Bedroom, Kitchen/Living Area, Shower Room/WC

    3B Cross Street - First Floor- 1 Bedroom, Kitchen/Living Area, Shower Room/WC

    3C Cross Street - Ground/First floor - 2 bedrooms, Kitchen/Living Area, Shower Room/WC

    3E Cross Street - Ground Floor- 2 bedrooms, Kitchen/Living Area, Utility Room, Shower Room/WC

    3D Cross Street - Ground Floor - Currently used as storage. Not internally inspected but believed to comprise of Lobby, Main office area and its own self contained Toilet and Kitchen.

    Tenancy

    41 Warner Street - Let to Photographers for £5,600 PA on a 3 year lease from January 2022


    43 Warner Street - Let to Hairdressers for £5,200 PA on a 3 year lease from 1st July 2019 - Holding over


    45 Warner Street - Let to a Beautician for £5,200 PA on a 3 year lease from 14th May 2021


    3A Cross Street - Let on a AST for £4,800 PA commencing on the 8th November 2019 - Holding Over


    3B Cross Street - Vacant


    3C Cross Street - Let on a AST for £5,100 PA commencing on the 18th December 2020 - Holding Over


    3E Cross Street - Let on a AST for £5,100 PA commencing on the 24th February 2023 - Holding Over


    3D Cross Street - Let on a Licence Agreement for £1,560 PA from the 9th August 2017

    Rent

    £32,560 p.a.

    Notes

    Please note the property areas provided are approximate. The photos are for illustrative purposes only and may not reflect the exact boundary and interior of the site. Prospective purchasers must rely upon their own enquiries in this regard. This site has not been inspected by Savills

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The properties are located on the corner of Warner Street and Cross Street.

      Shops, restaurants and leisure facilities can be found directly on Warren Street and close by in Accrington Town Centre

      Accrington Station is located 0.3 miles away (Approximate)

      Transport

      Accrington Station - Northern Rail services

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums