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Commercial Unit, Griffin Works, Clement Street, Accrington BB5 2HR
Marketed by:
Auction House Lincolnshire
124 Trinity St, Gainsborough DN21 1JD, UK
01427 616436
Commercial Unit Investment Opportunity
Commercial Unit, Griffin Works, Clement Street, Accrington BB5 2HR
Sold
£5,000+
Key Features
Commercial Unit Investment Opportunity
Guide price £5,000+
Located at Commercial Unit, Griffin Works, Clement Street, Accrington BB5 2HR
Suggested strategy: Commercial Re-Let
Description
Commercial unit within Griffin Works, Accrington; suitable for commercial occupation or investment subject to title, use and lease review.
Location
The property is in Clement Street. The investment case should be checked against local transport, amenities, employment and tenant-demand drivers before bidding.
Investment Analysis
Investment Snapshot
Guide Price | £5,000+ |
Tenure | Refer to auction particulars / legal pack |
Condition | HB: refurbishment / due-diligence allowance assumed |
HB Estimated Market Rent | £500–£900 pcm |
HB Estimated Annual Rent | £6,000–£10,800 pa |
Refurbishment / Works Budget | HB indicative £10,000–£25,000 |
Purchase + Works | £15,000–£30,000 |
HB Indicative GDV / Value | £45,000–£80,000 |
Gross Yield on Guide | 120.0%–216.0% |
Gross Yield on Project Cost | 20.0%–72.0% |
Suggested Strategy | Commercial Re-Let |
Strategy Recommendation
Commercial Re-Let. The low auction guide provides potential headroom, but the maximum bid should be tested against condition, legal-pack liabilities, achievable rent and local comparable evidence.
Works Required
Obtain a full survey and contractor quotations. Budget for property-specific repairs, compliance works, services testing, decoration and any kitchen/bathroom or common-parts upgrades identified on inspection.
Rental & Market Context
HB indicative rent: £500–£900 pcm (£6,000–£10,800 pa). This is an HB estimate, not an auctioneer-quoted rent, unless an existing tenancy is specifically stated above.
Sold within approximately 5 miles
Reliable sold-comparable evidence should be checked against Land Registry data before setting a maximum bid; no unverified comparable addresses or prices have been inserted.
Potential BRRR Position
Not applicable in standard residential form; commercial finance and valuation methodology should be assessed separately.
Flip Analysis
Any resale case should be assessed using commercial comparable evidence, vacant-possession value, use class and purchaser demand.
Investor Risks & Due Diligence
Review the legal pack, title, special conditions, buyer fees, completion period, survey, services, EPC, planning/building regulations, finance and local rental/sold evidence. For leasehold property also verify lease length, ground rent, service charge and major works.
Recommendation
Initial recommendation: Commercial Re-Let. Proceed only after verifying the legal pack, physical condition, total acquisition costs and local market evidence.
Strategy Rating
Commercial Investment: ★★★★☆
Auction Details :
Auction House Lincolnshire
Auction Date :
07/09/26
Lot Number :
Property Location:
Commercial Unit, Griffin Works, Clement Street, Accrington BB5 2HR
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