Commercial Property for sale

The Boar's Head, Investment Opportunity, Church Street, Newchurch, Rossendale, BB4 9EH

Offers in Excess of 4,335 sq. ft. | £295,000

Property Description

Commercial information

  • 4,335 sq ft (402 sq m)

Full description

The Boars Head, Newchurch, Rossendale, Lancashire, BB4 9EH



Secured Investment let until October 2015

Available for 200,000 reflecting a net initial yield of 9.48%

Upward only rent review in October 2013

Total net area 4,335 sq ft over 4 floors



LOCATION



The property is located in the historic village of Newchurch in Rossendale and is one of the only two pubs located in the village. The Boars head is located just outside Rawtenstall town centre and is therefore only minutes from the major supermarkets in Rossendale including Tesco and Asda.



The village is linked via the M66/A56 and M65 to Manchester, Blackburn and Burnley, with the nearest major city of Manchester 20 miles directly south.



DESCRIPTION AND ACCOMMODATION



The property was built as a pub in 1674 and is therefore one of the oldest surviving buildings in the area. The property comprises a substantial three storey mid terraced public house constructed of stone under a recently re-roofed pitched concrete tiled roof. To the rear there is a three storey out-rigger of similar construction as well as further single storey out-rigger of coursed stone and brickwork elevations under a pitched slated roof.



Externally, the property includes a substantial flagged beer garden at the rear of the property which boasts views over the Rossendale valley and St Nicholas Church. Internally the property provides, to the lower ground floor, vaulted beer cellar with barrel drop from rear of property as well as further store. The ground floor of the property provides large bar and lounge area with central bar and perimeter seating, commercial kitchen, male and female WC's. The first floor provides two bedrooms, lounge, office, WC, bathroom and kitchen, with second floor being open plan and cleared.



Lower Ground Floor



Beer Cellar 32.97 sqm (355 sqft)

Storage Cellar 11.61 sqm (125 sqft)



Ground Floor



Bar - 93.73 sqm (1,009 sqft)

Store - 4.27 sqm (46 sqft)

Female WC's - 9.38 sqm (101 sqft)

Male WC's - 8.54 sqm (92 sqft)



First Floor - 124.02 sqm (1,335 sqft)



Second Floor - 104.88 sqm (1,129 sqft)



Net internal area - 402.72 sqm (4,335 sqft)



LEASE DETAILS



The property is let to Mr. Shaun Ashworth on a 5 year lease from the 1st October 2010 at an initial rent of 19,500. The lease is on full repairing and insuring terms and subject to review upon the 3rd anniversary. A copy of the lease is available on request.


Nearest station

  • Accrington (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hurstwood , Manchester

Bridge Street, Manchester, M3 2RJ

0161 468 1374 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 station

  • Accrington (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hurstwood , Manchester

Bridge Street, Manchester, M3 2RJ

0161 468 1374 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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