Retail, Investment Available
7 Albert Road, Colne, Lancashire
£180,000
Available
Key Details
Available
1,354
Retail, Investment
Commercial For Sale
Property Description
A spacious, mid parade, stone built property occupied as a Pharmacy for a number of years. The accommodation is arranged over three floors and comprises to the ground floor, a sales area, dispensary room, consultation room, and a single storey extension to the rear which is split into two store rooms. The first floor comprises a staff room, kitchen, store room and bathroom. There is also a cellar providing useful additional storage.
Internally the accommodation is well presented, benefitting from modern suspended ceilings, LED lighting, dual air conditioning and gas fired central heating.
The property is let to L. Rowland & Company (Retail) Limited T/A Rowlands Pharmacy by way of a 10 year Full Repairing and Insuring Lease with effect from 23rd Nov 2022 at a current passing rent of £12,000 per annum. The lease incorporates a rent review (RPI linked) at the expiration of year 5 and a Tenant break clause on 18th July 2025 and the 15th July 2029.
Location
The property is located on Albert Road (A56), the main arterial route into the town centre of Colne. Conveniently located within a short drive from junction 14 of the M65 motorway, the property occupies a prominent roadside position, benefitting from a high level of passing traffic.
Other established occupiers in the immediate area include Estate Agents, Solicitors, Accountants and various independent retailers.
Accommodation/Site investigation
Ground Floor
Pharmacy sales /
Consultation room 35.26 sq.m 379.53 sq.ft
Dispensary room 13.09 sq.m 140.9 sq.ft
Store room 1 10.23 sq.m 110.11 sq.ft
Store room 2 5.1 sq.m 54.89 sq.ft
First Floor
Kitchen 11.7 sq.m 125.93 sq.ft
Staff Room 11.19 sq.m 120.44 sq.ft
Store Room 7.54 sq.m 81.16 sq.ft
Bathroom 10.44 sq.m 112.37 sq.ft
Landing 4.4 sq.m 47.36 sq.ft
Lower Ground Floor
Cellar 16.85 sq.m 181.37 sq.ft
GIA: 125.8 sq.m 1,354.11 sq.ft
Services
The property has the benefit of all mains services including gas fired central heating.
Services responsibility
It is the prospective Purchaser's responsibility to verify that all appliances, services and systems are in working order, and are of adequate capacity and suitable for their purpose.
Price/Rent
£180,000
Legal costs
Each party is responsible for their own legal costs.