Mixed Use Investment Opportunity Generating £49,632 Per Annum
The property comprises a detached two-storey building plus basement providing 4x individually Let commercial units on the ground floor and basement plus 4x individually Let 1-bedroom apartments on the first floor. Ground Floor Unit 1 is currently Let to a Deli at £520 pcm. Unit 2 is currently Let to a Hairdressers at £650 pcm Unit 3 is currently Let to a Hairdressers at £563 pcm. First Floor Flat 1 is currently Let on an AST at £368 pcm. Flat 2 is currently Let on am AST at £433 pcm. Flat 3 is currently Let on an AST at £476 pcm. Flat 4 is currently Let on an AST at £433 pcm. The basement unit (Unit 4) is currently Let as a Personal Training studio at £693 pcm. Total Income - £49,632 per annum (£4,136 pcm) NB We are advised the the roof houses solar panels which could generate further income. 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: Unit 1 – 32.11 sqm (345 sq ft) Unit 2 – 38.5 sq m (414 sq ft) Unit 3 – 44.96 sq m (483 sq ft) Unit 4 / Basement – 93.75 sq m (1,009 sq ft) Location The property is situated in a prominent position fronting Hammerton Street, in the town centre of Burnley close to shops, amenities and approximately 0.4 miles from Burnley Central Railway Station. 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 E,C,C,C
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.