Retail investment for sale in Rossendale

This property is marketed by:
Taylor Weaver

Key features:

• FOR SALE - £495,000
• Prime town centre retail investment
• 2,287 sq.ft (NIA)
• Fully let to 4 separate tenants
• Currently producing annual rent of £38,720 per annum
• Approximate, estimated rental value - £44,000 per annum
• Available immediately
• Asset management opportunities

Location

Rawtenstall is an established market town in the Rossendale Valley with excellent access to Greater Manchester and the East Lancashire towns of Blackburn, Accrington and Burnley via the A56 which connects to the motorways to the North and South.

The properties are located on Rawtenstall main high street with high levels of passing footfall. Parking is available on the street outside the front of the shops and there is a large public car park on the opposite side of the road next to the newly developed bus station.

Description

The property is of brick construction underneath a pitched slate roof including 2 established and well presented retail units on the ground floor.

The first floor is split between 2 tenants, one of which also occupies the entire second floor. The various lease details can be found in the investment details section of these particulars.

The units have been refurbished to a very high standard throughout, with longstanding tenants with established businesses within Rawtenstall town centre.

The tenancies include a jewellers, barbers shop, beautician and tattoo studio.

Accommodation

38 Bank Street (Jewellers) - 426 sq.ft / 39.6 sqm 

40 Bank Street - 480 sq.ft / 44.6 sqm

First Floor - 693 sq.ft / 64.4 sqm

Second Floor - 688 sq.ft / 64 sqm

The property has been measured on a nett internal area basis.

Price

Offers over £495,000.

Tenure

Freehold.

Rating

Available on request.

Legal Costs

Each party to be responsible for their own legal costs.

Services

Tenants to be responsible for payments of all utilities for the duration of their tenancies.