Investment Property Burnley

Burnley, Lancashire

Status

FOR SALE

Date Submitted:

30/04/21

Advert ID

275941

Reference

7428 / Rightbiz
Freehold: £99,950
    Investment Opportunity

    Main Road Position

    Rental Income £7,800 Per Annum

    Sought After Area

    Fully Tenanted

    Five Year Leases In Place

    Takeaway On Ground Floor

    One Bedroom Flat On 2nd Floor

    EPC - TBC

Description:
REF 7428 – Freehold Investment Property
Blacks Business Brokers are pleased to bring to the market this freehold investment property located in Burnley, Lancashire.

INTRODUCTION
2 Abel Street, Burnley is a spacious mid terraced property on a busy road close to Burnley centre. Our client purchased the property in 2019 and has secured a residential tenant on the first floor and a commercial tenant on the ground floor.

LOCATION
2 Abel Street occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers, although there are a number of large multiples nearby including Sainsbury’s, Asda and Premier Inn. There are also a number of residential properties nearby as well as schools and parks. The area is well linked by the M65 with very strong public transport links and parking is available in the surrounding area.

LEASE
Both floors are tenanted separately, generating a rental income of £7,800 per annum. The leases are five year agreements which began in June 2018.

BUILDING LAYOUT AND DESIGN
The ground floor of this property is a fully functional take away consisting of customer servery/ counter area with professional kitchen to rear. There is also a storage area and staff toilet facilities. All areas are modern and well presented. The first floor flat comprises of one bedroom, bathroom, lounge and kitchen.

BUSINESS RATES
Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This well maintained property occupies a superb position in a busy area of Burnley and is fully tenanted. The business and residential space are well presented. This proposition would ideally suit an investor looking to expand their portfolio. Early viewings are strongly advised.


Contact Agent
Agent Name:
Advert Reference:
7428 / Rightbiz
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Find out more about the business by contacting the seller