Commercial Property for saleBurnley Road, Accrington, Lancashire, BB5
Guide Price* 2,400 sq. ft. | £120,000
- 2,400 sq ft (222 sq m)
- Four one bedroomed bedsits
- Established for many years as a hairdressers and sunbed salon
- Prominent main road locations on the outskirts of Accrington town centre
- Ideal investment opportunity
For sale by the Modern Method of Auction, starting bid price £120,000 plus reservation fee. This property is for sale by the Lancashire Property Auction powered by "iam-sold".
The property is situated on Burnley Road, the main arterial route leading from Accrington town centre to Burnley town centre. This is a mixed use area with other occupants including a substantial Spar and a petrol filling station.
The property comprises of an end of row double fronted property that was converted some years ago to provide on the ground floor a hairdressing salon with adjoining sunbed centre. The ground floor accommodation also benefits from a separate kitchen, WC and store.
On the first floor there are four bedsits, one bathroom with WC and a shower and one storage room. The accommodation could be changed to a single flat, or incorporated within the shop for a beauty / therapy room.
The property occupies a prominent main road position with disabled access to the building.
Lower ground floor
Storage: 29.0 sq.m. (315 sq.ft)
Hairdressing salon: 33.0 sq.m. (364 sq.ft)
Kitchen / toilets: 8.7 sq.m. (94 sq.ft)
Sunbed Centre: 76.2 sq.m. (820.sq.ft)
Four one bedroomed bedsits:
75.0 sq.m. (807.3 sq.ft)
Total internal floor area:
223.0 sq.m. (2400.3 sq.ft)
The property benefits from all main services.
It is the prospective purchaser's responsibility to verify that all appliances, services and systems are in working order, and are of adequate capacity and suitable for their purpose.
Enquiries regarding alternate uses should be directed to Hyndburn Borough council on 01254 388111.
BUSINESS RATES / COUNCIL TAX
We are informed by the Valuation Office Agency website that the ground floor has a Rateable Value of £4,650 per annum (2016/17) The living accommodation is within band A for Council Tax purposes.
The four bedsits are let on Assured Shorthold Tenancy agreements producing a potential income of £12,480 per annum.
Each party is to be responsible for their own legal costs incurred.
An Energy Performance Certificate is available upon request.
All prices quoted are exclusive of, but may be subject to VAT at the prevailing rate.
Petty Chartered Surveyors
Imperial Chambers, Manchester Road
Burnley, BB11 1HH
This property is for sale by the Modern Method of Auction which is not to be confused with traditional Auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date that the buyer's solicitors is in receipt of the draft contacts and a further 28 days thereafter to complete.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 3.5% subject to a minimum of £5,000 + VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the reservation form and all terms and conditions can be found in the legal pack which can be downloaded for free from www.agentauctionpage. co.uk.
Please note that the property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid. Both the starting bid and reserve price can be subject to change. Terms and Conditions apply to the Modern Method of Auction, which is operated by the Lancashire Property Auction powered by "iam-sold".
TO VIEW OR MAKE A BID - contact Paul Harvey or visit www.iam-sold.co.uk
More information from this agent
To view this media, please visit the on-line version of this page at www.rightmove.co.uk/commercial-property-for-sale/property-58397318.html
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Disclaimer - Property reference 151-153BurnleyRoad. 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.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Petty Estate Agents Ltd, Burnley - Commercial on 01282 456677.
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