INVESTMENT PROPERTY: BACUP: Located by many businesses, shops, residential dwellings and ample public transport links, this area benefits from high levels of passing trade. The entire property is let to an operator who trades as a Hot Food Takeaway. The property is held by way of 6 year lease from 1st August 2023 on full repairing and insuring terms, with 3 yearly rent review pattern and a current annual rent of £10,920 per annum.

LOCATION

Bacup is a historic town nestled within Rossendale Borough in Lancashire, England, in the South Pennines close to Lancashire's boundaries with West Yorkshire and Greater Manchester. The town is in the Rossendale Valley and the upper Irwell Valley, 4 miles east of Rawtenstall, 6 miles north of Rochdale, and 7 miles south of Burnley.

Known for its rugged charm and old-timey dwellings, the town is characterized by its well preserved Victorian architecture and cobbled streets. It is surrounded by a variety of natural beauty spots, such as rolling hills and moorland, making it a scenic haven for tourists.

PROPERTY DESCRIPTION

The entire property is let to an operator who traded as a Hot Food Takeaway in Bacup, Rossendale. The property is held by way of a 6 year lease from August 2023, full repairing and insuring terms, with 3 yearly rent reviews and an annual rent of £10,920.

The property comprises of an ordering area, service counter, open plan kitchen, rear washing up room, exit to bin area. Stairs from service area leading to 1st floor providing W/C and 2 storerooms.

Shop Floor Areas:

Description: Area m²/unit:
Ground Floor Retail Zone A 25.7
Ground Floor Retail Zone B 9.7
Ground Floor Internal Storage 4.3
First Floor Internal Storage 20.3
First Floor Internal Storage 5.1
First Floor Staff Toilets 2.9
Basement Floor Internal Storage 12.9

Total: 80.9

(From the DOA Business Rates Valuation Office on the GOV.UK website)
Title: LA456724