St James Square, Bacup, Rossendale

SHOP & FLAT
An excellent opportunity to acquire a freehold end-terrace mixed-use property situated in a prominent position in Bacup town centre, comprising a ground-floor commercial unit with a self-contained two-bedroom flat arranged over the first floor.

The property would bring a potential combined rental income of £1400 Per Month for both the first-floor flat and ground-floor commercial unit bringing a combined yield of 8.4% per year.

Occupying a highly visible position, the property benefits from excellent exposure to passing vehicular traffic and strong pedestrian footfall, offering an attractive setting for a range of commercial occupiers. Its end-terrace position provides added prominence and valuable branding and advertising opportunities, making it an appealing proposition for both owner-occupiers and investors.

The ground-floor commercial unit offers versatile accommodation suitable for a variety of retail, service, and other commercial uses, subject to the necessary planning permissions and consents. The first-floor accommodation comprises a two-bedroom flat, providing the potential for additional rental income or owner-occupation, subject to the relevant arrangements.

The property's mixed-use configuration presents an attractive investment opportunity, with the potential to generate income from both the commercial premises and residential accommodation. Alternatively, it may suit a business owner seeking prominent trading premises with residential accommodation above.

Conveniently located in Bacup town centre, the property benefits from close proximity to local amenities, established retailers, and everyday services. The surrounding commercial environment, combined with strong visibility to passing traffic and pedestrian footfall, offers an excellent opportunity for businesses seeking a well-positioned presence within the town.

THE AREA
Bacup is a historic town nestled in the Rossendale Valley within Lancashire, England. Known for its rich industrial heritage, Bacup was a key player in the cotton and wool industries during the 19th century, and many of its Victorian stone buildings still reflect that era of prosperity. The town is surrounded by rolling hills and moorlands, offering picturesque views and access to outdoor activities like hiking and cycling. Its charming town center features traditional markets, independent shops, and a close-knit community atmosphere that continues to preserve its cultural identity. In recent years, Bacup has seen various regeneration efforts aimed at revitalizing the area while retaining its historical character.

The town is recognized for its strong sense of local pride, evident in community-led initiatives and events such as the annual Bacup and Stacksteads Carnival. It's also known for the Britannia Coconut Dancers, a traditional folk dance troupe with a history dating back over a century. Bacup's blend of industrial history, natural beauty, and community spirit makes it a unique and enduring part of Lancashire's cultural landscape.

Business Rates
The ground-floor commercial premises may be subject to business rates, depending on the property's rateable value and the occupier's circumstances. Prospective purchasers are advised to make their own enquiries with the Valuation Office Agency (VOA) and Rossendale Borough Council to confirm the current rateable value, applicable business rates, and whether any relief or exemptions may be available.