Retail And Residential Portfolio, Rawtenstall Town Centre, BB4 7QN
Size
600 - 5,319
Tenure
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EPC
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Parking
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- Primary use
- Other
- Other use(s)
- High street retail
No floor / site plan
Key features
- FOR SALE - £900,000 plus VAT
- Prominent mixed-use investment in the heart of Rawtenstall town centre
- 7 Tenancies Across 3 Buildings
- Net income of £78,040 per annum
- Opportunity for active asset management and future rental growth
Description
PROPERTIES INCLUDED IN THE SALE
The investment comprises a portfolio of four mixed-use properties within Rawtenstall town centre, incorporating both commercial and residential accommodation:
- 24 & 24A Kay Street, Rawtenstall, BB4 7LS
- 3A & 3B Bank Street, Rawtenstall, BB4 6QS
- 73 & 73A Bank Street, Rawtenstall, BB4 7QN
- 4 Baldwin Buildings, Rawtenstall, BB4 7QN - comprising the second-floor accommodation above 73/73A Bank Street
The properties are centrally positioned within Rawtenstall, an established market town in the Rossendale Valley, Lancashire. Bank Street is one of the town centre's principal commercial thoroughfares and is characterised by a varied mix of independent retailers, cafés, restaurants, professional services and other established businesses.
Kay Street and Baldwin Buildings are situated within the same central area, creating a well-located and conveniently grouped investment portfolio. The combination of commercial and residential accommodation provides a diversified town-centre investment, benefiting from immediate access to Rawtenstall's retail, leisure and everyday amenities.
Description
The property comprises an attractive mixed-use investment opportunity in the heart of Rawtenstall, incorporating a combination of ground-floor commercial accommodation together with residential apartments above. The accommodation is arranged across Bank Street, Baldwin Buildings and Kay Street, providing a diversified investment with income derived from a number of separate commercial and residential occupiers.
The commercial element includes units at 73 Bank Street, 3A Bank Street and 24 Kay Street, with the commercial leases with the residential accommodation separately let, providing an additional stream of rental income alongside the commercial premises.
Overall, the portfolio represents an opportunity to acquire a substantial town-centre investment with a diversified tenant profile and multiple income streams. Its combination of commercial and residential accommodation, together with the various lease expiry dates, provides an incoming purchaser with an established rental investment whilst offering opportunities for active asset management and future rental growth, subject to the individual occupational agreements.
Accommodation Text
The various sizes of each of the elements of the properties available on request.
Services
All the properties have all mains services connected and each of the tenants are responsible for payments of their own facilities which are separately metered.
EPC
Available on request
VAT
VAT is applicable to the figures quoted in these particulars.
Lease Terms
Please see tenancy schedule attached for the full lease terms.
Legal Costs
Each party to be responsible for their own legal costs involved in the transaction.
Viewing Detail
Strictly through agents
Taylor Weaver
(James Taylor)
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- Business rates
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Retail And Residential Portfolio, Rawtenstall Town Centre, BB4 7QN
About Taylor Weaver Limited, England
On the 1st October 1999 Alex Taylor and Neil Weaver formed a new partnership called Taylor Weaver dealing with all types of commercial property matters throughout Lancashire. The business was incorporated in 2002.
Now established as one of the leading firms of commercial property surveyors in Lancashire, Taylor Weaver offer expert, cost effective property advice for a variety of clients who have recognised the excellent level of service offered by Taylor Weaver. In 2015 a new office was opened in Chorley to give complete coverage across Lancashire and Greater Manchester.
Taylor Weaver are panel valuers for a number of major banks and pension trustees, including Handelsbanken, Yorkshire Bank, James Hay Pension Fund, Mattioli Woods and AJ Bell Trustees Ltd.
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Disclaimer - Property reference 5977FH. 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 Taylor Weaver Limited, England. 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.