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Investment property in Farnworth with Chinese takeaway and two-bedroom accommodation above

Bolton, Manchester
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Investment Property in FarnworthInvestment Property in FarnworthInvestment Property in Farnworth
  • Freehold: £230,000
  • Turnover: £17,820 (£343 per week)
  • Profit: Not Applicable

Business Details

Investment Property in Farnworth

Rent £17,820 per annum
Full repairing and insuring terms
21 year lease from November 2019
Well established Chinese takeaway
prominent main road
2 bedroom accommodation

INVESTMENT PROPERTY: FARNWORTH: The entire property is let to owner operator of a well established Chinese Takeaway, with a rent of £17,820 per annum and a 21 year lease from 25th November 2019 on full repairing and insuring terms. Great location in the centre of Farnworth.

LOCATION
Farnworth is a town in the Metropolitan Borough of Bolton 2 miles (3.2 km) southeast of Bolton, 4 miles south-west of Bury (7 km), and 8 miles (12.9 km) northwest of Manchester. Within the historic county of Lancashire, Farnworth lies on the River Irwell and River Croal. At the 2011 Census, it had a population of 26,939.

The property is on the main road (A6053) in the town centre that leads to the access for the M61 motorway linking Manchester to Preston.

PROPERTY DESCRIPTION
The entire property is let to owner operators of a well established hot food takeaway. Held by way of a 21 year lease on full repairing and insuring terms from 25th November 2019 and an annual rent of £17,820 per annum.

the ground floor has shutters to the front leading to seating/ordering area, service area, rear kitchen and store room. WC and exit to the bin store. The basement is access from the kitchen and separate entrance leads to the first floor with WC, bathroom,, kitchen, 2 rooms and the second floor provides two bedrooms.

Shop floor areas
Description Area m²t
Ground floor retail zone a24.2
Ground floor retail zone b13.3
Ground floor retail zone b7.2
Ground floor retail zone c2.2
Ground floor retail zone c3.4
Ground floor kitchen 5.2
Ground floor staff toilets 2.8
Ground floor external storage46.2
Total 104.5m²

Information gathered from the government business rates calculation website.

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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.

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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.'.

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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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