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Nab Ln 6,500 SF Retail Condo Unit Offered at $799,435 in Blackburn BB2 1LN
INVESTMENT HIGHLIGHTS
- Prominent Trading Location
- Good Transport Links
- Close to local amenities
EXECUTIVE SUMMARY
The property is positioned with significant frontage to Nab Lane, a pedestrianised area linking Blackburn College with King Georges Hall, Reel Cinemas and The Mall shopping centre. The property is situated on the edge of Blackburn Town Centre adjacent to the brand new Reel Cinemas entertainment complex within the main night time area of Blackburn featuring pubs and restaurants and within walking distance of King Georges Hall concert venue. Blackburn College (the home to in excess of 15,000 students) is adjacent to the property and a recently opened multi storey complex with parking for 500 vehicles is situated directly above.
PROPERTY FACTS
| Total Building Size | 39,000 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 22,481 SF |
| Property Subtype | Movie Theater | Year Built | 2020 |
| Building Class | B | Lot Size | 1.63 AC |
| Total Building Size | 39,000 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Movie Theater |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 22,481 SF |
| Year Built | 2020 |
| Lot Size | 1.63 AC |
AMENITIES
- Corner Lot
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Automatic Blinds
1 UNIT AVAILABLE
Unit Unit 1 & 2
| Unit Size | 6,500 SF | Condo Use | Retail |
| Price | $799,435 | Sale Type | Investment or Owner User |
| Price Per SF | $122.99 | Tenure | Long Leasehold |
| Unit Size | 6,500 SF |
| Price | $799,435 |
| Price Per SF | $122.99 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Tenure | Long Leasehold |
DESCRIPTION
The opportunity is to acquire both the property and the trading business of the Istanbul Restaurant in Blackburn Town Centre. The business has been operating in this location for two years and has been extensively fitted out to provide a substantial restaurant business with over 220-250 covers. The location is currently turning over £20,000 per week and underwent a new fit out when the business opened two years ago. The property provides a substantial ground floor restaurant and kitchen area extending to approximately 6500 sq.ft. The property is located below the Feilden Street multi story car park which provides parking for over 500 vehicles.
SALE NOTES
The opportunity is to acquire the property and the business along with the fixtures and fittings for £1,000,000.
Consideration may be given to a sale of the property on the basis of vacant possession subject to terms agreed.
NEARBY MAJOR RETAILERS
Presented by
Nab Ln
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