| (REF: 1126) Investment Property based Accrington |
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| Seller Reference: |
1126 |
| B4S Reference: |
28160 |
| Asking Price: |
£269,995
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| Net Profit: |
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| Sales Revenue: |
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| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Accrington, Lancashire, United Kingdom |
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• Priced for quick genuine sale after many years
• Semi-detached two-storey freehold premises
• Ground-floor commercial facilities
• Features three self-contained first floor flats with tenants
• Generates healthy regular rental income £20,000 pa
• Lots of unused areas with additional letting options
• Lots of further potential
• Valuable inventory of fixtures and fittings included
• Super bolt on opportunity for expanding investment portfolio
• Perfect for Grand design build
The Business
This large Investment property is ideal for a number of uses, situated in a mixed residential and commercial area, on the outskirts of Accrington, near the Lancashire town of Blackburn. With links to main roads and nearby motorways this property is easily accessible and in a much sought after location. This semi-dethatched freehold property features spacious business and private accommodation over two floors, generating a regular rental income with scope for growth and a multitude of uses. It has an additional potential income from numerous unused ground floor areas, as well as the potential to have large areas for business usage.
This property has huge potential and could be used for a variety of business opportunities, and may particularly appeal to someone looking to significantly increase their existing property portfolio with the purchase of a large, well maintained and well located freehold property for commercial usage. It has the added advantage of providing accommodation that generates a healthy income of £20,000 per annum, and has further rental potential as well as options for commercial usage to gain profitability. This fantastic property is being sold as the reasonable price of £280,000 and would therefore gain a healthy return and increase in future sell-on value after commercial or residential development took place subject to necessary granted consent.
Financial Information
Current letting income £20,000 per annum with scope to increase.
Tenure
Freehold.
PROPERTY DESCRIPTION
The spacious ground floor comprises of the main public entrance into a bright and welcoming reception area. The reception area provides access through to a larger self contained storage warehouse, having the added advantage of industrial roller shutter doors making deliveries and dispatches run with ease. It also has a fully furnished office area to the ground floor, as well as the WC/washroom facilities. The ground floor is approximately 3,294sq.ft in total, and has additional space, consisting of a suite of three general office areas, as well as two good-sized store rooms and two further WC/washroom facilities. With the vast amounts of space this property has the advantage of being sublet for a multitude of business venture.
The business premises also have the security benefit of a full alarm system. To the FIRST FLOOR the property features three separate self-contained flats providing comfortable PRIVATE LIVING ACCOMMODATION extending to approximately 1,632sq.ft. in total (circa 151.60sq.mtrs.) which is currently let and comprises:-
To the first floor the property accommodates three separate self contained flats, currently occupied providing a rental income of £24,000 per annum. The first floor premises extend to approximately 1,632sq.ft in total and comprises of the following:
Flat One: Two bedroom flat, fully fitted bathroom, reception hallway leading to good sized open planned lounge area, and fully domestic kitchen/dining area.
Flat Two: Reception hallway leading to a good sized open planned lounge area, with a fully fitted kitchen/dining area. This flat is one bedroom and also has a fully fitted bathroom.
Flat Three: One bedroom accommodation, consisting of a reception hallway leading to an open planned lounge area, with fully fitted kitchen/dining area, and fully fitted bathroom.
*All Flats include separate meters for heating etc. And are all double glazed throughout and enjoy the benefits of storage heating.
*** There is also a loft area with development potential (currently sealed off)
Externally
Situated in an excellent trading position, the property enjoys easily accessible access to major road and motorway links. The property has the added advantage of being in a mixed residential and commercial area on the outskirts of Accrington, Lancashire. The property includes a small off road parking area, capable of accommodating three vehicles, and there is the added advantage of unrestricted parking available locally. There is also an outbuilding, which consists of a single garage.
Viewing and Confidentiality
All arrangements to view are strictly by an appointment through the Offices of Local commercial. And no approaches what so ever should be made to the owner or the business. For an appointment to view please telephone 01254 776022.
Quote Ref 1126
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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