Property Details: • Type: 32,907 sq ft • Tenure: N/A • Floor Area: N/A
Key Features: • Prime Long Leasehold Leisure Investment let to Buzz Group Ltd • The property is held as both a Freehold and Long Leasehold with 187 years unexpired • Prominently positioned on Centenary Way in close proximity to Burnley town centre and the Charter Walk Shopping Centre • FRI Lease to Buzz Group Ltd. Unexpired term of 15.25 years. Expiry 18th December 2039 • Current rent of £223,443 p.a. (£6.79 psf). Annual December RPI uplifts collared and capped at 1% and 4% • The property extends 32,907 sq ft (3,058 sq m) on a 1.24 acre (0.50 hectares) site
Location: • Nearest Station: Burnley Central Station • Distance to Station: 0.5 miles
Agent Information: • Address: Henrietta House Henrietta Place, London, W1G 0NB
Full Description: LOCATION Buzz Bingo Burnley is located immediately east of the town centre on Centenary Way (A682), which is the main road running north-south through the town. The property is conveniently located near several public transport links making it easily accessible. Immediately southwest of the property is Burnley Central Bus Station, providing services to city centres such as Manchester and Preston as well local routes. Buzz Bingo Burnley is also within walking distance of Burnley Central Train Station and Burnley Manchester Train Station, providing access to network rail. Customer parking is available onsite.
SITUATION The property occupies a prominent position on the corner of Centenary Way (A1682) and Yorkshire Street (A671). It is immediately surrounded by retail, retail warehouses, supermarket and light industrial. A Tesco Extra is south of the property and Charter Walk Shopping Centre to the east, which holds a variety of shops and restaurants.
PROPERTY DESCRIPTION The property is a converted nightclub of steel frame with various concrete extensions. It extends 32,907 sq ft and is on a 1.24 acre site. The ground floor comprises gaming machine area and main bingo hall with bar and diner. The first floor provides further trading and ancillary accommodation. There is dedicated, on-site customer parking with capacity for 52 vehicles.
