Description:
REF 8125 – Freehold Investment Property - 7 Units
Blacks Business Brokers are pleased to bring to the market this large freehold investment property (three retail, four residential) located in Bacup, Lancashire. 

INTRODUCTION
7-11 Kings Street is a large, Grade II listed property in the centre of Bacup. This impressive property is split into three retail units and four residential apartments – all of which are currently tenanted. 

LOCATION
The property occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with local businesses including independent retailers and large multiples such as Morrisons and The Post Office. There are also a number of amenities nearby including a medical centre, theatre and schools. The area is well linked with very strong public transport access and parking is available immediately outside the property. 

REASON FOR SALE
Our client has managed the properties for a number of years and is now ready to retire. 

LEASE
The units have a combined rental income of £32,160 per annum. This is split as follows: 
7 King Street - Nail Salon - £4,320 
9 & 11 King Street - Sunbed Lounge & Beauty Parlour - £6,000 
Flat 11A - £5,400 
Flat 11B - £5,580 
Flat 11C - £5,100 
Flat 11D - £5,760 

BUILDING LAYOUT AND DESIGN 
The commercial units are each approximately 1,200 square feet in size. 

7 King Street (Nail Salon) – this is a well presented salon with private treatment room to the rear along with kitchen and bathroom facilities. 9 & 11 King Street (Sunbed Lounge & Beauty Parlour) – This has a traditional shop frontage with plentiful space inside. The units are adjoining, both finished to a high standard with private beauty and treatment rooms alongside individual sunbed rooms. 

The four residential apartments are all within the first and second floor. Flats 11A, 11B and 11C are all one bedroomed duplex apartments with fully fitted kitchen, bathroom and living room. Flat 11D is a large two bedroomed apartment with kitchen, family bathroom and living room. 
This impressive property also benefits from a large lower ground floor which is currently unused. The building dates back to 1865, once the head office of The Bacup Times, it is steeped in local history and very much a landmark in the town. 

SUMMARY 
This beautiful Grade II listed property occupies an enviable trading position in a central area of Bacup. Our client has secured reliable tenants and strong income. Early viewings are very strongly advised.