COMMON USE CLASS: B2 General Industrial, C3 Dwelling Houses
About The Property
INVESTMENT OPPORTUNITY** c.10% Yield MECHANICS GARAGE & WORKSHOP with 4 BED HOUSE** SPLIT OVER 2 LEVELS** EMORMOUS SCOPE TO DEVELOP** FORMERLY A POPULAR LONG STANDING MOT STATION** SEVERAL RAMPS & BAYS** OFFICE** ROLLER SHUTTERS** READY TO TRADE AS A GARAGE** NO CHAIN**
Located in a residential area
Ainsworth Lord Estates are delighted to be offering for sale this long established and popular Mechanics Garage Business, with a 4 Bedroom House, situated at the end of Snow St in the Bastwell Area of Blackburn. A perfect investment opportunity for the right person!
This property is being sold as one as the buildings are connected.
However, we believe they could be separated and rented out individually - this is where it becomes an ideal
The garage could be split into 2 separate units, each would rent for between £400-£500 pcm and the 4 bed house, after some improvements, would rent for at least £750pcm.
If we used conservative numbers this is what the income looks like:
3 x Units at £400pcm = £1200
4 Bed House at £750pcm
Total: £1950pcm, which is £23,400pa.
Do a slightly better job on the house and a good job with the units and get £500pcm, this is what the numbers are like:
3 x £500pcm = £1500pcm
4 Bed House at £800pcm
Totals are then: £2,300pcm which is £27,600pa.
The 4 bedroom property
The house is situated at the end of Snow St. with off-road parking for 1 car and additional on-street parking adjacent to the house.
The house is comprised of the following:
Entrance Hall, and ground floor bedroom.
On the first floor is a large lounge, large kitchen, large bathroom and 2 more double bedrooms.
On the third floor there is another double bedroom.
There is plenty space to create additional living space in the attic space.
See the floor plans attached to this listing to see the layout of the house.
The property benefits from Gas Central Heating and Double Glazing.
Overall, the property appears to be in good condition.
Garage and Workshop
The Mechanics Garage is situated at the rear of Snow St. and accessed from Calder St.
It is a long frontage with several roller shutters.
As you can see from the pictures, inside the garage we have 2 ramp bays and working space for 4 vehicles.
There is also an office and wc facilities within the garage.
This garage has been an Mot Station for decades and the new owners will need to satisfy themselves with the renewal of the Mot Station status with the relevant authorities. We understand the Mot Licence was up for renewal recently and the current owners have not renewed it.
The garage comes with all the existing equipment eg ramps etc.
We believe this is a great opportunity for someone looking to start a new business of their own or to expand into something slightly larger than they have just now.
The Garage/Workshop measures approx. 2100 sq ft (195sq m) and has a rateable value of £3622 pa - and currently qualifies for 100% small business relief. To see if you will qualify for 100% discounted Business Rates you must check with Blackburn with Darwen council.
The garage benefits from mains electricity and water etc.
ALL VIEWINGS ARE TO BE ARRANGED THROUGH AINSWORTH LORD ESTATES AND ARE STRICTLY BY APPOINTMENT ONLY.
ALSO, PLEASE BE ADVISED THAT WE HAVE NOT TESTED ANY APPARATUS, EQUIPMENT, FIXTURES, FITTINGS OR SERVICES AND SO CANNOT VERIFY IF THEY ARE IN WORKING ORDER OR FIT FOR THEIR PURPOSE.
FREE - MORTGAGE ADVICE:
For Re-Mortgages, Buy-To-Let Mortgages, and other Residential Mortgages. (Even for people with a poor credit rating).
NEVER PAY FOR MORTGAGE ADVICE. THERE IS NO NEED TO.
Our Mortgage Advisors - London & Country are one of the largest mortgage brokers in the UK, and have access to more lenders than other local mortgage providers, giving you more choice and potentially saving you thousands of pounds.
Our clients receive a FREE INSURANCE VOUCHER to cover your survey and legal fees in the event your purchase falls through.
We are not aware of any other agent offering this extra bonus.
Contact us to arrange a call from our mortgage brokers - at a time to suit you, including evenings and weekends.
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A 4 Bedroom Property with Workshop/Garage
On Road Parking Available
The usual services are supplied to the property, including: Electric, Gas, Water, Mains Sewers.
The rates on this building will be determined by use.
You may be entitled too small business relief (100% discount) but you must check with the local council to confirm this.
The Buyer will be responsible for their own legal costs
There is no service charges on this property
On Road Parking Available
We believe this property is suitable for a variety of uses, and may require planning permission for some uses.
We recommend you take advice on this from a planning consultant or the local authority.
Contact us via [email protected]