Mixed Use for sale

11 High Street, Units 1A & 1B Henry Street, Rishton, Blackburn, BB1 4JZ

6,557 sq. ft. | £310,000

Property Description

Commercial information

  • 6,557 sq ft (609 sq m)

Key features

  • Substantial retail/industrial/residential investment
  • Fully let investment in prominent main road location
  • Comprising of large shop and basement, two industrial units and two self-contained flats
  • Attractive yield of 8.3% with rental growth potential

Full description

LOCATION
The property is positioned in a prominent location fronting High Street (A678) which is the main road through Rishton Town Centre. The property is in a mixed residential and commercial location close to both Junction 6 & 7 of M65 motorway.


DESCRIPTION
A double fronted stone built shop property with two flats and two large workshops to the rear located in the Borough of Hyndburn. We understand the property was originally constructed as a roller skating rink and comprises of a substantial shop with useable basement, two large workshop units accessed from Henry Street and two one bedroomed self-contained flats.

The shop property is of stone construction under a pitched slate roof with the rear workshops being of red brick construction under a trussed slate roof incorporating translucent roof panels.

Above the shop there are two self-contained one bedroom flats accessed from Henry Street.


ACCOMMODATION
Please see attached tenancy schedule.


PURCHASE PRICE
310,000.


TENANCIES
We are informed that Canary Divers Ltd will sign a new 6 year lease in respect of the shop, basement and unit 1A Henry Street.

The tenants of unit 1B Henry Street have been in for sometime and are also prepared to sign a new lease for a term of 3 years.

Both flats are on an informal agreement but an ashore short hold tenancy agreement could be signed if required.


TENANCY SCHEDULE AS OF JANUARY 2017

11 High Street (shop and basement) - 1645.8 sq ft - 152.9 sq m - 6,000 annual income - Rateable value 8,100

Unit 1A Henry Street - 2862.3 sq ft - 265.9 sq m - 6,600 annual income - Rateable value 5,100

Unit 1B Henry Street - 2048.9 sq ft - 190.3 sq m - 5,400 annual income - 4,400 Rateable value

Flat 1 Henry Street - Not Measured - 3,900 annual income - Council tax band A

Flat 2 Henry Street - Not Measured - 3,900 annual income - Council tax band A

Total annual income 25,800


SERVICES
All mains services are connected.


SERVICES RESPONSIBILITY
It is the prospective purchaser's responsibility to verify that all services are separated. The purchaser's must also check that all appliance, services and systems are in working order and are of adequate capacity and suitable for their purpose.


ENERGY PERFORMANCE CERTIFICATE
An EPC will be completed when the unit is finished and made available to the prospective tenants.


LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in the transaction.


VIEWING
For further information or to arrange a viewing please
Contact:
Whiteacres
Tel: 01282 428486
Email: info@whiteacres-property.co.uk
Web: www.whiteacres-property.co.uk


SUBJECT TO CONTRACT

More information from this agent

Nearest stations

  • Rishton (0.4 mi)
  • Church & Ostwaldwistle (1.6 mi)
  • Accrington (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Whiteacres Property, Burnley

287 Manchester Road, Burnley, BB11 4HL

01282 934052 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

  • Rishton (0.4 mi)
  • Church & Ostwaldwistle (1.6 mi)
  • Accrington (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Whiteacres Property, Burnley

287 Manchester Road, Burnley, BB11 4HL

01282 934052 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.

Disclaimer - Property reference 11HighStreetUnits1Aand1BHenryStreetRishtonBlackburnBB14JZ. 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 Whiteacres Property, Burnley. 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.

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