Units 1-4 11 Canning St 10,645 sq ft 100% Let Retail Property Burnley BB12 0AD £2,350,000 (£220.76/sq ft) 6.44% Net Initial Yield

Opportunity to acquire a highly prominent roadside asset located immediately adjacent to Princess Way Retail Park. The property comprises of four units which is fully occupied and multi-let, generating £160,900.00 per annum exclusive. The units break down as follows;
- Unit 1 is let to Formula One Auto Centres Limited on a 15 year lease with a 5 yearly rent review
- Unit 2 is let Lucky B's Hot Chicken on a 10 year lease with a fixed increase to £25,000 at rent review
- Unit 3 is let to Indigo Sun Retail Limited on a 15 year lease with a 5 yearly rent review to market rent.
- Unit 4 is let to Angling Direct PLC on a 10 year lease with a 5 yearly rent review, compounded annually in line with RPI
Offers in the region of £2,350,000.00 are to be considered.