Investment property in Farnworth Manchester with a stable tenant and long-term lease available
Farnworth, Manchester
- Status
UNDER OFFER
- Advert ID
653551
- Reference
10987 / Rightbiz
- Call Agent:
- Freehold: £120,000
- Turnover: £10,920 (£210 per week)
- Profit: Not Applicable
Business Details
Investment Property in Farnworth
Rent £10,920 per annumFull repairing and insuring terms
Let to operator as Hot Food Takeaway
The current tenant is on their 2nd lease having occupied the property since 2018
7 year lease from 16th October 2024
3 yearly rent reviews
Nearby very busy main road and motorway, close to businesses, public transport links and residential dwellings
INVESTMENT PROPERTY: FARNWORTH: Located within the town centre, very busy main road nearby motorway, close to businesses, public transport links and residential dwellings. The entire property is currently let to an owner operator and trading as busy takeaway and let on a 7 year lease from 16th October 2024 on full repairing and insuring terms, with 3 year rent reviews with an annual rent £10,920 per annum.
LOCATION
This property is located within the town centre of Farnworth. It is situated besides nearby a very busy main road and motorway and is surrounded by many other businesses, public transport links and residential dwellings. Farnworth is a town in the Metropolitan Borough of Bolton, within the historic county of Lancashire. Farnworth lies on the River Irwell and River Croal and according to the 2011 Census, it had a growing population of 26,939.
Bolton is a town in Greater Manchester in England. In the foothills of the West Pennine Moors, Bolton is located between Manchester, Blackburn, Wigan, Bury and Salford.
PROPERTY DESCRIPTION
The entire property is currently let to an owner operator and trading as busy takeaway and let on a 7 year lease from 16th October 2024 on full repairing and insuring terms, with 3 year rent reviews with an annual rent £10,920 per annum. The tenant has occupied the premises since 2018.
The premises provides ordering area, service area, kitchen, preparation room and exit to yard & storeroom. Stairs leading to preparation room and 1st floor providing 2 large rooms and bathroom.
Floor Areas:
(from Government Business Rate Valuation Office)
Description: Area m²
Ground floor retail zone a 19.1
Ground floor retail area 18.3
Ground floor kitchen 12.5
First floor internal storage 33.4
Total 83.3
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Stay Safe
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.
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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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