Commercial Investment Opportunity – Four Units Generating £36,396 Per Annum
The opportunity comprises 4x self-contained and individually Let commercial units arranged within two adjoining buildings. 116 St James Street comprises a ground floor retail unit currently Let to a barbers at £953 pcm 116a St James Street comprises a ground floor retail unit currently Let to a hair & beauty salon at £910 pcm. 3 Tanner Street comprises a ground floor commerical unit currently Let to a personal training studio / gym at £520 pcm. 3a Tanner Street comprises a first floor commerical unit currently Let to a dance studio at £650 pcm. Total Income - £36,396 per annum (£3,033 pcm) Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
Tenancy & Tenure
Please refer to legal pack for further information including leases.
We have taken the Net Internal Floor Areas from the VOA as follows: 116 St James St: 35.7 sq m (384 sq ft) 116a St James St: 43.9 sq m (472 sq ft) 3 Tanner St: tbc 3a Tanner St: 120.6 sq m (1,298 sq ft)
116 & 116a St James Street is situated in a prominent position fronting St James Street in Burnley town centre opposite M&S. 3 & 3a Tanner is situated to the rear off Hammerton Street, close to the junction with St James Street in Burnley town centre.
Energy Efficiency Rating (EPC)
Current Rating B & E
Burnley Borough Council
Administration Charge - 2.4% inc VAT of the purchase price, subject to a minimum of £2500 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.