Mixed Use Investment Property – Two Retail/Commercial Units & Three Flats – Producing £16,800 pa – ERV c£21,000 pa When Fully Let
Deceptively large mainly two storey mixed use income producing investment property briefly comprising two retail/commercial units fronting Blackburn Road (B6535) together with three self contained 1 bed flats accessed from the rear. Current Rental Income - £16,800 pa ERV c£21,000 pa when fully let. Please see legal pack for leases. Location Prominently situated in the centre of Great Harwood opposite Town Hall Square, close to the junction with Delph Road and Queen Street. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
We are informed that the property is currently let as follows:-
Shop No 6 –
Ladies hair salon (Sorella Hair) let by way of a 3 year lease until December 2021 at £400 pcm
Shop No 8 –
Ice cream parlour (Gelateria) let by way of a 3 year lease until June 2023 at £350 pcm. (NB Tenant also occupies no.10 next door)
Flat 6a –
Private individual in occupation since November 2014 at £80 per week
Flat 6b –
Vacant and in need of refurbishment.
Flat 8a –
Private individual 1 year AST from may 2021 at £303.33 pcm
Energy Efficiency Rating (EPC)
Current Rating D, D, E, E
Hyndburn Borough Council
Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 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.