Historic jewellers among four town centre units going under hammer
FOUR retail units at 5 to 11 Peel Street are up for sale at an auction next month with a guide price of £50,000.
They include Manning’s Bakery at 5 Peel Street, which currently has a 10-year lease which began in May 2008 with a current rent of £10,000 per year.
Another unit at 7 Peel Street is let to a limited company on a 10-year lease from July 2016 with a £6,000-a-year rent.
The Frank Ogden jewellery store building, which closed down in 2015 after 91 years of trading, is also among lots available.
The family jewellers, on the corner of Blackburn Road and Peel Street, closed for good before Christmas. The four-storey building has a guide price of £120,000.
The buildings will go up for sale at the Barton Lounge in the AJ Bell Stadium, on Stadium Way, Manchester on Tuesday, September 13 from 12noon.
Hyndburn Conservative leader Coun Tony Dobson, said: “The town centre is too large with too much capacity for shopping in the 21st century in a town like Accrington. I think the fact that they are having to send them to auction is a perfect example of this and I can only hope that somebody will buy them and do something with them.
“We are already seeing an impact and concerns raised by traders over the impact that the bus station move has had on retailers. It just shows how difficult trade can be.”