Two Shops & 5 Apartments, Fully Tenanted Producing £24,600pa with a potential for £27,720pa.
Two Shops & 5 Apartments, Fully Tenanted Producing £24,600pa with a potential for £27,720pa. Having been recently refurbished and being situated in the centre of Bacup this offers an excellent opportunity for an investor to benefit from a property that is now fully Let. Currently producing £24,600pa, however, Apartment One is presently subject to a concessionary rent so there is potential to increase to £27,720pa . Briefly comprises Two self contained shops and Five self contained one bedroomed apartments all of which are tenanted. There is parking for the apartments in addition. With all the hard work done this very attractively Guided property is sure to be a great addition to a property portfolio or for someone looking for an easily managed property, producing an excellent income, situated in an area with strong rental demand. Please note the photographs have been provided by the vendor.
See legal pack
No. 18 Shop 10’0” x 15’0” (3.05m x 4.57m) Office 6’0” x 10’0” (1.83m x 3.05m) WC Currently Tenanted at £3,420pa/£285pcm. No 20 Shop 10’7” x 13’0” (3.22m x 3.96m) Office 11’9” x 11’7” (3.58m x 3.53m) WC & whb Currently Tenanted at £3,120pa/260pcm.
Apartment One – Currently Tenanted at £1,200pa/£100pcm.
Shared Entrance Hall
Apartment Two – Currently Tenanted at £3,900pa/£325pcm. Apartment Three – Currently Tenanted at £4,200pa/£350pcm.
Apartment Four – Currently Tenanted at £4,200pa/£350pcm. Apartment Five – Currently Tenanted at £4,200pa/£350pcm.
To the rear of the apartments is a courtyard and to the side of the property is a car park for the occupiers of the apartments.
Energy Efficiency Rating (EPC)
Current Rating DDEFFEE
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Lancashire County Council
Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1200 inc VAT.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.