This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Mixed Use for sale

Fernlea Avenue, Barnoldswick, BB18 5DW

POA
6,000 sq. ft.

Property Description

Commercial information

  • 6,000 sq ft (557 sq m)
  • Use class orders: B1 Business

Full description

LOCATION

The property is situated within Barnoldswick town centre in an extremely prominent location fronting the main arterial route (Fernlea Avenue) that passes through the town centre.

Barnoldswick is a popular town that is conveniently located for both the north East Lancashire towns of Burnley and Blackburn with the M65 being within approximately 6 miles and the Yorkshire towns of Skipton and Ilkley approximately 8 miles distance.

Other occupants in the locality include a Co-Operative Supermarket and a number of professionals, including Solicitors and Accountants.

DESCRIPTION

The property was originally constructed as a Post Office with sorting office facilities and was acquired by the current owner a few years ago and divided into a number of retail and residential units.

The residential accommodation is located on the first floor above the retail accommodation and is accessed from a private gated car park to the rear with intercom access.
Each Apartment is individual in size and they have been occupied permanently since the conversion in approximately 2005.

TENANCIES

Retail Accommodation.

12 Fernlea Avenue tenant Ladbrookes Betting and Gaming Limited, ten years from the 1st August 2007 on an internal repairing lease at a rent of 13,000 (thirteen thousand pounds) per annum. Rent review at the fifth year.

10 Fernlea Avenue tenant Mario Desanti, use Delicatessen, term three years from the 12th July 2008 on an internal repairing lease, rent 3,000 (three thousand pounds) per annum - holding over.

2-8 Fernlea Avenue, tenant Pendle Borough Council, term five years from the 29th July 2010, rent 8,250 (eight thousand two hundred and fifty pounds) per annum on a full repairing and insuring lease. The tenant currently pays annually in advance.

Lower ground floor, tenant Alvic Construction Limited, three year term from completion of the purchase, rent 4,000 (four thousand pounds) per annum.

RESIDENTIAL

Apartment 1, rent 6,000 (six thousand pounds) per annum, payable annually in advance.

Apartment 2, rent 5,100 (five thousand one hundred pounds) per annum, paid monthly in advance.

Apartment 3, rent 4,200 (four thousand two hundred pounds) per annum, paid monthly in advance.

Apartment 4, rent 5,100 (five thousand one hundred pounds) per annum, paid monthly in advance.

Each Apartment is occupied by way of Assured Shorthold Tenancies.

NB, the Apartments each have the benefit of gas fired central heating and good quality kitchen and bathroom fittings. There is a digital access to the common area and a fully gated enclosed car park for use by the residential tenants. The properties are currently slightly under rented.

INCOME

The property provides a gross income of 48,650 (forty eight thousand six hundred and fifty pounds) per annum.












Map & Street View

Disclaimer - Property reference FernleaAve. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Petty Estate Agents Ltd, Burnley - Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

Map data OpenStreetMap contributors.