Commercial Ground Rents, 17, 21, 23, 25, 27, 33 Church Street and 50-54 Warner Street, Accrington, Lancashire BB5 1HN

Freehold interest in a parade of shops in Accrington town centre. A combined income of £3,633 per annum is produced via 8 ground leases. All leases have a 99 year term from 1/1/1979, with 5-yearly rent reviews. Further details of the leases can be found in the legal pack.

The properties front Church Street and Warner Street in Accrington town centre, situated across from St James' Church. Accrington town centre is a well-established commercial location serving the town and surrounding residential areas, with a range of national and independent occupiers, regular footfall and good day-to-day amenities. The property occupies a central position within a traditional retail parade, benefiting from convenient access to local transport links including Accrington railway station and the wider road network.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.8% inc. VAT of the purchase price (subject to a minimum of £2,400 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.