2 bedroom retail property (high street) for sale

4 - 6 Buckley Lane, Farnworth

£95,000

Property Description

Key features

  • Prominent position fronting busy main road
  • Located on fringes of Farnworth town centre
  • Ground floor let to Polish Food Store
  • Spacious first floor flat - self contained
  • Opportunity to acquire mixed use investment property
  • Producing 12,120 per annum

Full description

LOCATION
The subject property is located prominently at the traffic light junction of Buckley Lane (A502) and Albert Road (A575) in a mixed use area of Farnworth.
Directly opposite the property there is a Farnworth Tesco Superstore together with a number of other local traders nearby. The majority of the property nearby is of residential use.
Farnworth town centre is approximately 0.75 m North whilst the property benefits from excellent transport links to the A666 St Peters Way and in turn, the National Motorway Network.
DESCRIPTION
The subject property comprises a traditionally constructed pavement fronted end of terraced property arranged over ground and first floor levels and extending to 44.15 sq m (474 sq ft) across the ground floor, plus a large self contained two bedroom flat above.
The retail shop trades as a Polish Food Store and is fitted out accordingly. The shop accommodation benefits from three large display windows and is predominantly open plan. There is a storage and kitchenette to the rear and a single WC. The shop is heated by way of Dimplex electric panel heaters.
The first floor flat has its own entrance also from the Buckley Lane elevation. The accommodation consists of two good sized bedrooms, bathroom, lounge and kitchen. It is presented well and appears to be well maintained by the existing Tenant.
The flat is heated by way of gas central heating to panel radiators.
There is a small yard at the rear.
ACCOMMODATION
In accordance with the RICS Code of Measuring Practice, (6th Edition) we have calculated the following approximate Net Internal Areas:-
Sq M
Sq Ft
Ground Floor Retail 64 689
* Plus self contained 2 bed flat above.
SERVICES
We understand the ground and first floors to have separate services. The mains services connected include water supply, gas, supply, electricity supply and of course, mains drainage.
Please note that Lamb & Swift Commercial have not tested any of the service installations or appliances connected to the property.
TENANCY
The first floor is let by way of an AST Agreement at a rental of £410 per calendar month (£4,920 per annum).
The ground floor is let by way of an AST Agreement on Full Repairing terms at £7,200 per annum from 10th June 2016 expires on 9th June 2017.
BUSINESS RATES AND COUNCIL TAX
Ground Floor: Rateable Value £6,800
Rates Payable £3,3570(2016/2017)
First Floor: Council Tax Band A
Interested parties are advised to make their own enquiries direct with the Local Rating Authority.
SALE PRICE
£95,000 - representing a yield of 12.7%.
VAT
VAT is not applicable.
EPC
We have commissioned and lodged an EPC for this property and a full copy of the EPC and Report can be made available upon request.
LEGAL FEES
Each Party to be responsible for their own legal costs involved in the transaction.
VIEWING
Strictly by appointment only with joint agents:-
LAMB & SWIFT COMMERCIAL
Contact: Daniel Westwell or Andrew Kerr

More information from this agent

Nearest stations

  • Farnworth (0.7 mi)
  • Moses Gate (0.9 mi)
  • Kearsley (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lamb & Swift Commercial, Bolton

179 Chorley New Road Bolton BL1 4QZ

01204 299115 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Farnworth (0.7 mi)
  • Moses Gate (0.9 mi)
  • Kearsley (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lamb & Swift Commercial, Bolton

179 Chorley New Road Bolton BL1 4QZ

01204 299115 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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