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Retail Property (high street) for sale


Under Offer £220,000
3,350 sq. ft.

Property Description

Commercial information

  • 3,350 sq ft (311 sq m)

Key features

  • Large retail premises occupied as Market Hall
  • Long established Tenants (some 25 years)
  • Centre of thriving town
  • 3,350sq.ft. (310sq.m.) gross internal floor area
  • Rent Revenue 44,200 per annum
  • Genuine reason for sale

Full description

Situated at the centre of the small thriving town of Little Lever this former Co-Op premises has been operated for decades as a Market Hall and where most of the Tenants are long established, some for over 25 years.

Pending retirement provides the opportunity to acquire a lucrative investment requiring modest supervision and where income is maintained made up several lettings which are easily tenanted whenever a stall becomes vacant.

Proceeding along the main road (A6053) through Little Lever the property occupies a prominent position where High Street becomes Market Street. See location map.

(all sizes are approx)

Retail Sales Area 14m x 21.9m (46'0 x 72')
With suspended ceiling, tiled floor, rear store containing gas fire heater supplying blown air heating system.

Female/Disabled Toilets, Male Toilets, Store Room 3.0m x 2.8m (10' x 9'6)

Lean-To Store

Open Yard and Delivery Bay

Enclosed Store 2.1m x 2.8m (7'0 x 9'6)

Enclosed yard area to rear.

The premises are divided into ten stalls, some of which are managed together. They are let on documented Licence Agreements some for a period of 3 years, others for a minimum of 1 year. All but one current Tenant has been in occupation for around 10 years and the majority for 15-25 years.

A list of current occupants and rents payable is available on request together with copy of Licence Agreement.

Audited accounts may be inspected at the Agents' offices or can be made available to Accountants or Professional Advisers of bona fide interested buyers.

The current proprietor is prepared to continue to provide day to day management services for a relatively modest annual fee.

Finance up to 60% is available which would be secured by First Charge against the property to be payable over a period of 5-10 years subject to normal commercial interest rate.

Rateable Value:
For Rating purposes the premises are assessed as 'Shop and Premises' at a Rateable Value of 21,750 with rates payable of 9,965pa approximately. All interested parties should make their own enquiries with Bolton Metropolitan Borough Council 01204 333 333.

It is understood the site is Leasehold for the residue of 999 years subject to a nominal Ground Rent of approximately 10 per annum which has not been collected for many years.

Mains gas, electricity and water supplies are laid on, drainage to main sewer.

Some stall holders have individual electric meters, others have electricity included in rental.

Energy Performance:
An Energy Performance Certificate has been commissioned and will be available upon request.

To View:
By appointment with the agents with whom all negotiations should be conducted.

All services throughout the property are untested by us. Interested parties must satisfy themselves as to the condition of the central heating system, fitted fires, and other appliances and fittings where applicable.

All prices quoted are exclusive of but may be liable to VAT at the appropriate rate.

More information from this agent

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