Irwell Street, Bacup, Lancashire, OL13
Size
1,760
Tenure
Freehold
EPC
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Parking
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- Primary use
- Mixed use
- Other use(s)
- High street retail, Restaurant
No floor / site plan
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Transport links
- Well connected
- Natural light
- Plug and play
- Storage space
- Kitchen
- Restaurant
- Concierge
Key features
- Freehold mixed-use investment opportunity
- Three commercial units plus one-bedroom apartment
- Two two-storey shops and one single-storey shop
- Café, clothing shop and residential apartment currently income producing
- Long-standing residential tenant in occupation for approximately seven years
- Existing commercial tenants looking to remain
- Multiple income streams with further rental potential
- Prominent Bacup town centre location
Description
The property comprises three commercial units together with a self-contained one-bedroom apartment, providing a diversified mix of commercial and residential accommodation within a single freehold investment. The property extends to approximately 1,800 sq ft, arranged across two two-storey shops, one single-storey shop and the residential apartment, offering a flexible mix of accommodation and multiple potential income streams.
Two of the commercial units and the residential apartment are currently income producing, with the existing occupiers understood to be keen to remain. The third retail unit is currently occupied by the owner and will be offered with vacant possession upon completion, providing an incoming purchaser with the opportunity to occupy the unit themselves or secure a new tenant and increase the overall rental income.
The commercial accommodation comprises two two-storey shops and one single-storey shop, providing flexible space suitable for a variety of retail and commercial businesses. Current occupiers include a café and clothing retailer.
The residential element comprises a one-bedroom apartment, currently occupied by a long-standing tenant who has been in occupation for approximately seven years and currently pays £550 per calendar month.
The café is currently let at £360 per calendar month, whilst the clothing shop produces £320 per calendar month. The existing tenancies operate on monthly rolling agreements.
The property therefore offers an attractive combination of existing rental income together with further reversionary potential through the letting of the owner-occupied retail unit following completion.
Situated in Bacup, the property benefits from a prominent town centre position surrounded by a range of independent retailers, businesses and residential accommodation, providing a strong local catchment for the commercial occupiers.
This represents an excellent opportunity for investors seeking a freehold mixed-use property with multiple income streams and further rental growth potential.
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- Listed building
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- Environmental description
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Brochure
Irwell Street, Bacup, Lancashire, OL13
About Citrus Commercial Circle, Manchester
Citrus Commercial Circle offer a unique and unrivalled approach to commercial property leasing, acquisitions and disposals by combining over 60 years of property management and trading experience, an expert and far-reaching team of RICS Chartered Surveyors and Valuers, and a bespoke personal service.
Our specialist property consultants, working closely with our associated chartered surveyors, provide unparalleled expertise across Greater Manchester and the North West region in areas such as:
- Office, Industrial, Land and Retail Agency
- Management
- Property Development and Finance
- Investment
- Valuation
Our working ethos, derived from a true desire to serve our clients’ interests, is to provide comprehensive property services for all. Whether you are an independent property owner, small business or sole trader, high-net-worth individual, well-established limited company or a large-scale PLC, we treat your interests as our own; we rest only once your property opportunities or investments are not only fulfilled, but maximised.
Our client base boasts a range of high-net-worth individuals, overseas investors, property PLCs and limited companies alike – built on our involvement in the purchase and sale of thousands of residential properties and advising on over £500 million worth of commercial acquisitions for major UK companies.
With such an extensive client base, our profound working relationships, associated chartered surveyors, and a multitude of shared ownership property services businesses, we consistently outperform other agents in providing property solutions: no enquiry is left unresolved, no opportunity is squandered, and value is added in every transaction.
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