FOR SALE
01/05/19
82
*Mixed Use Investment Opportunity* Takeaway & Cafe and two Bedroom Residential Flat (FULLY LET)
LOCATION.
Located in the popular Brierfield district of Burnley in Lancashire, the property occupies a prominent trading position on a busy main commuter route. The long-established fish and chip shop with a two bedroom flat above is located is within a densely populated area, subject of the ongoing Northlight Development, a £32 million joint venture providing a 380,000 sqft commercial and residential complex.
OVERVIEW.
- Current Rent Reserved: £16,320pa.
- Long established and well known traditional fish and chip shop/takeaway & 24 cover cafe/dining area with residential flat above.
- Comprises a basement kitchen/preparation area, a ground floor shop/takeaway & cafe.
- One self contained 2-bedroom first floor flat (separate entrance)
- Busy main road location in a densely populated area undergoing a £32 million development.
- Shop Reversion 2027
DESCRIPTION.
The property is arranged on the basement, ground and one upper floor to provide a basement kitchen /preparation area, a ground floor shop/takeaway & cafe and one self contained two-bedroom flat on the first floor (with its own entrance). The property benefits from a car-park (demised to the commercial tenant) to the rear.
Accommodation and Tenancies.
SHOP. (114-116)
- Present Lessee: Individual.
- Security Deposit: £3000
- Authorised Guarantee Agreement in place with two original tenants.
LEASE TERMS.
-10 years from 19th April 2017
- Rent Review in 5th year (2022)
- FR&I.
- Current Rent: £12000 per annum.
RESIDENTIAL FLAT ABOVE (116)
- self contained and separate entrance.
- two bedrooms, living room, kitchen and bathroom.
- 12 months AST from 31st October 2018
- Current Rent: £4320 per annum.
- Rent Deposit: £360
- Reversion: 2019
Energy Performance Certificate.
Commercial EPC Rating (On request)
Residential EPC Ratings (On request)
Contact me for more information.
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