Investment Property In Burnley For Sale | | Burnley Lancashire | | A prime town centre trading position • Huge development potential • Adaptable to host of alternative retail styles • Fantastic opportunity for future progress • Priced for quick sale with early viewing essential | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63731
ADVERT IMPRESSIONS : 6,571 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Investment Properties | | SALE: | Agent Sale | ASKING PRICE: | £550,000 | FREEHOLD: | £550,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | KEY FEATURES
• A prime town centre trading position
• Huge development potential
• Adaptable to host of alternative retail styles
• Fantastic opportunity for future progress
• Priced for quick sale with early viewing essential
THE BUSINESS
This is a very well established and highly regarded concern which enjoys all the considerable commercial and private advantages of a very prominent town centre trading position on the busy Claremont Road through the densely populated town of Burnley, which lies in the delightful county of Lancashire.
This investment property presently operates from substantial, secure and extremely well fitted terraced showroom premises of real charm and character, the business currently primarily conducts a popular retail operation of an extensive selection of home furnishings.
These premises are ideally located just off the M65 motorway at Burnley, Lancashire. There are many different local services surrounding this property and there is also a newly built university campus situated just one mile away.
Along with the already spacious 6,000 sq ft floor space over two storeys, we are advised that there has also been planning permission for 15 apartments to generate additional space which is currently let out. Our client is presently in negotiation with another part of the premises for a small fee and there is a large plot of land to the side of the property.
This property has been in our client’s hands since 1966 and is only being placed on the market due to our client’s wish to retire. This property creates a fantastic opportunity for the future and could potentially house a variety of businesses or accommodation. A viewing is essential to appreciate the space and quality of this property.
FINANCIAL INFORMATION
Rent income is anticipated to be £460 P/W over 12 months which would be £23,920. As it increases, the profit grows £5,200 which is an extremely good return on premises.
LEASE
The premises are being offered with the benefit of a secure renewable 10-year lease.
RENT
The current rent stands at approximately £300 P/W increasing £50 annually.
PROPERTY DESCRIPTION
This property is a spacious showroom over two levels with a good sized plot of land to the side of the building. The current owner has been granted with planning permission for 15 apartments which will increase the already spacious premises. The premises briefly comprises of:
Ground Floor -
A large open planned showroom, a reception and sales office and a loading bay with a 15 ft roller shutter entrance.
First Floor –
A large open planned showroom, a generous amount of windows which makes the room extremely light, a work room, a good sized store room to the rear, a sewing room and a kitchenette.
External –
A gated yard with loading bay and a large plot of land to the side.
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 1085 | | | | | | FOR SALE | | | | | REFERENCE: | 1085 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
