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Higher Market Street, Farnworth, Bolton

Guide Price
£125,000

Business rates & charges may apply

Cardwells Commercial & Residential Sales, Lettings and Management, Bolton
SIZE

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SECTOR

High street retail property for sale

Key features

  • Superb investment property
  • Vacant shop to ground floor
  • Tenanted flat with access to the rear
  • Flat has accom over 2 levels
  • Flat is rented at £675pcm
  • Shop could conservatively rent at £650pcm
  • Gas central heating boilers to both properties
  • Sold with no upward chain delays

Description

Offered for sale via auction with BTG Eddisons on the 29th April as an investment opportunity is one building with two addresses and dual use with commercial usage to the ground floor and to the first floor is a self contained apartment with accommodation over two levels. Situated in the heart of Farnworth, the building is in a super location which is undergoing a great deal of improvement work locally and is in an area with a variety of businesses and residential usage, just a short walk away from farm with town centre of Farnworth and a short drive away from the motorway network via Saint Peters Way, Farnworth railway station is within easy reach which directly serves: Salford, Manchester, Bolton and beyond.
At the time of writing the ground floor shop is vacant and was most recently used as a salon. Our expectancy is that the shop could comfortably rent for around £650 per Calendar a month, circa £7,800 per annum whilst we understand that the apartment upstairs is rented at £675 per calendar month (£8,100 per annum). Therefore should the shop be let for no more than our conservative estimate, there is clear potential for rental income of around £15,900 per annum.
The shop is approximately 614 ft.² with an energy performance certificate rating of C and a rateable value of £5,400. With accommodation that briefly comprises; a 8.625 meter shop area with prominent shop frontage, WC/washroom, hallway/work area and kitchen and a storage area accessed from the rear yard.
The flat is approximately 667 ft.² with an EPC rating of D. The accommodation briefly comprises: living room, Fitted kitchen, bathroom, bedroom and there is a staircase off the lounge into a loft room which currently houses a double bed.
Externally there is a shared yard area to the rear and the apartment is accessed from an external stair staircase to the first floor.
There is a walkthrough viewing video showing both the shop and the occupied flat to watch and then a viewing of the shop can be arranged by calling Cardwells Estate Agents Bolton in , emailing; or visiting

Energy Performance Certificates

shop%20EPC.jpg

Brochures

Higher Market Street, Farnworth, Bolton

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Farnworth Station0.4 miles
  • Kearsley Station0.7 miles
  • Moses Gate Station0.9 miles

About Cardwells Commercial & Residential Sales, Lettings and Management, Bolton

11 Institute Street, Bolton, BL1 1PZ

Notes

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Disclaimer - Property reference 114014. 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 Cardwells Commercial & Residential Sales, Lettings and Management, Bolton. 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.

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 Cardwells Commercial & Residential Sales, Lettings and Management, Bolton on 01204 952675.

*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.”

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