Mixed Use Investment Portfolio of Three Properties Generating £43,020 Per Annum
Mixed use portfolio of three properties providing ground floor retail/commercial units with residential to the rear/above. All properties are situated within a 2 mile radius. 818 & 818a Padiham Road 818 Padiham Road comprises an end-terrace building the ground floor of currently let to a café at £520 pcm. 818a Padiham Road comprises a one-bedroom first floor flat let on an AST at £420 pcm. 330 Padiham Road 330 Padiham Road comprises the ground floor of a two/three-storey end terrace building currently Let to a barbers at £600 pcm. 330a Padiham Road comprises a self-contained first floor 1-bedroom flat currently Let on an AST at £400 pcm. 330b Padiham Road comprises a self-contained first floor 2-bedroom flat currently Let on an AST at £400 pcm. 91 Burnley Road 91 & 91a Burnley Road comprises a two-storey mid-terrace building with a double unit on the ground floor currently Let to a barber shop at £845 pcm. 91b Burnley Road comprises self-contained residential accommodation (3 bed) currently Let on an AST at £400 pcm. Total Income: £43,020 per annum (£3,585 pcm) Tenancy & Tenure Please refer to legal pack for further information and leases. Accommodation We have taken the Net Internal Floor Areas from the VOA as follows: 818 Padiham Road: 52.1 sq m (560 sq ft) 330 Padiham Road: 45.1 sq m (485 sq ft) 91&91a Burnley Rd: 34.6 sq m (372 sq ft) Location 818 Padiham Road situated fronting A671 and the corner of Scott Street, close to Burnley High School. 330 Padiham Road situated fronting A671 and the corner of Alder Street. 91 Burnley Road situated fronting Burnley Road (A671) in the centre of Padiham. Padiham lies approximately 3 miles west of Burnley town centre. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating To Follow
Burnley Borough Council
Administration Charge - 2.4% inc VAT of the purchase price 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.