Commercial property for saleBorough Saw Mill, Talbot Street, Burnley
Full description*SALE & LEASEBACK* Investment Opportunity. This property represents an excellent opportunity for either an investor or business to acquire a mixed use site, part of which is currently let out, part which the current owner is willing to lease back and part which could either be used by the new owner or let out to generate further income. When fully let on this basis it is estimated that the property could be returning an annual yield of over 10% to the new owner.
The property comprises a detached building within which there is a showroom, workshop and a variety of offices. To the front of the property is a car park which also contains a row of lock-up garages and a detached storage building.
The current owners currently occupy the whole of the detached building and would welcome the opportunity to sell the site and lease back the showroom area and the offices associated with this part of the building. This would leave the ground floor workshop and the separately accessed first floor offices available for the new owner's use or additional letting income.
The property is situated on Talbot Street being conveniently located for access to Burnley town centre and within approximately 5 minutes drive from the M65.
Ground floor showroom 1,520 sq.ft (141.2 sq.m)
Offices associated with showroom
Ground floor workshop
First floor offices
4 Lock-up garages @ £5,880 per annum
Nissan store hut @ £2,640 per annum
Potential sale and leaseback of showroom and associated offices @ £6,000 per annum (subject to contract)
We are advised that the property is freehold.
All prices are exclusive of VAT. Should VAT be applicable then it shall be charged at the prevailing rate.
Each party to bear own legal costs.
Strictly by appointment with the vendors sole agent Frost & Co. Please call 01282 693170.
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