Mixed Use Investment Opportunity Generating £13,056 Per Annum
The property comprises a two-storey mid-terrace building with 2x retail units on the ground floor and 1x 2-bedroom flat on the first floor. 2 Water Street comprises a ground floor retail unit currently Let to a charity shop at £368 pcm. 4 Water Street comprises a ground floor retail unit currently Let as a barber shop at £325 pcm. 2a Water Street comprises a self-contained first floor 2-bedroom flat currently Let on AST at £395 pcm. Total Income: £13,056 per annum (£1,088 pcm) Tenancy & Tenure Please refer to legal pack for further information including leases. Accommodation We have taken the Net Internal Floor Areas from the VOA as follows: 2 Water St: 39.1 sq m (420 sq ft) 2a Water Street: 73 sq m (786 sq ft) 4 Water St: 22.5 sq m (242 sq ft) Location The property is situated fronting Water Street close to its junction with Whalley Road, in Accrington town centre within approximately 0.4 miles of Accrington Railway Station. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
Hyndburn Borough Council
Administration Charge - 2.4% inc VAT of the purchase price, subject to a minimum of £2400 inc VAT, payable on exchange of contracts.
Referral Fees – We offer referred services via 3rd party suppliers which we believe you may benefit from in aiding the primary service we provide. You are under no obligation to use these services, and you should consider your options before accepting any third parties' terms and conditions for which we are not responsible. On some completed transactions they pay referral fees to ourselves. These fees average £300 inc VAT.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.