Secure Investment Property in Bacup, Lancashire with Established Hot Food Takeaway Tenant
Bacup, Lancashire
- Status
WITHDRAWN
- Advert ID
630475
- Reference
10999 / Rightbiz
- Call Agent:
- Freehold: £149,000
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Investment Property in Bacup
Rent £10,920 per annumFull repairing & insuring terms
Let to owner operator as a well established hot food takeaway
6 year lease from 1st August 2023
3 yearly rent reviews
Stairs leading to 1st floor providing facilities and storerooms
Surrounded by businesses, shops, residential dwellings and ample public transport links
High levels of passing trade
INVESTMENT PROPERTY: BACUP: Located by many businesses, shops, residential dwellings and ample public transport links, this area benefits from high levels of passing trade. The entire property is let to an operator who trades as a Hot Food Takeaway. The property is held by way of 6 year lease from 1st August 2023 on full repairing and insuring terms, with 3 yearly rent review pattern and a current annual rent of £10,920 per annum.
LOCATION
Bacup is a historic town nestled within Rossendale Borough in Lancashire, England, in the South Pennines close to Lancashire's boundaries with West Yorkshire and Greater Manchester. The town is in the Rossendale Valley and the upper Irwell Valley, 4 miles east of Rawtenstall, 6 miles north of Rochdale, and 7 miles south of Burnley.
Known for its rugged charm and old-timey dwellings, the town is characterized by its well preserved Victorian architecture and cobbled streets. It is surrounded by a variety of natural beauty spots, such as rolling hills and moorland, making it a scenic haven for tourists.
PROPERTY DESCRIPTION
The entire property is let to an operator who traded as a Hot Food Takeaway in Bacup, Rossendale. The property is held by way of a 6 year lease from August 2023, full repairing and insuring terms, with 3 yearly rent reviews and an annual rent of £10,920.
The property comprises of an ordering area, service counter, open plan kitchen, rear washing up room, exit to bin area. Stairs from service area leading to 1st floor providing W/C and 2 storerooms.
Shop Floor Areas:
Description: Area m²/unit:
Ground Floor Retail Zone A 25.7
Ground Floor Retail Zone B 9.7
Ground Floor Internal Storage 4.3
First Floor Internal Storage 20.3
First Floor Internal Storage 5.1
First Floor Staff Toilets 2.9
Basement Floor Internal Storage 12.9
Total: 80.9
(From the DOA Business Rates Valuation Office on the GOV.UK website)
Title: LA456724
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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