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Bolton Road, Kearsley, BL4

Guide Price
£225,000

£151.52 per sq ft

Business rates & charges may apply

Miller Metcalfe, Bolton
SIZE AVAILABLE

1,485 sq ft

138 sq m

SECTOR

2 bedroom mixed use property for sale

Key features

  • For sale by Modern Auction – T & Cs apply.
  • Buyers’ Fees apply
  • Buyer Information Pack available
  • Subject to a hidden Reserve Price
  • Mixed-use investment opportunity
  • Commercial premises with basement
  • Self-contained two-bedroom duplex flat
  • £14,964 per annum residential and billboard income
  • Prominent position on busy Bolton Road, excellent motorway links
  • Parking for one vehicle to the rear

Description

ATTRACTIVE MIXED-USE INVESTMENT OPPORTUNITY - OFFERED FOR SALE VIA MODERN METHOD OF AUCTION, START BID £225,000 PLUS FEES

Commercial Premises | Two-Bedroom Duplex Apartment | Additional Advertising Income | Prominent Roadside Location

An excellent opportunity to acquire a versatile mixed-use investment property occupying a prominent position on Bolton Road, Farnworth, close to a busy roundabout and benefiting from a high volume of passing traffic.

The property comprises ground-floor and basement commercial accommodation, currently occupied by a physiotherapy business, together with a self-contained two-bedroom duplex apartment and an electronic advertising billboard. This combination offers investors multiple income streams from a single asset, with further appeal from Farnworth's ongoing town-centre regeneration.

COMMERCIAL ACCOMMODATION

The ground-floor commercial premises offer a practical and adaptable layout, comprising a showroom and entrance area, a separate clinic/treatment room and a kitchen with access to the rear. Stairs from the main showroom lead to the basement, which provides an additional treatment room and WC facilities.

The existing configuration lends itself to a variety of potential commercial uses, subject to any necessary planning permission, consents and regulatory requirements. The property also benefits from one parking space to the rear.

TWO-BEDROOM DUPLEX APARTMENT

A self-contained two-bedroom duplex apartment forms part of the property and is currently tenanted, generating a rental income of £997 per calendar month (£11,964 per annum).

ADDITIONAL ELECTRONIC BILLBOARD INCOME

Further enhancing the investment proposition is an electronic advertising billboard positioned to the side of the property. Held on a 20-year lease, with approximately 15 years remaining, the billboard currently generates an additional £250 per month (£3,000 per annum).

The combined income from the residential apartment and advertising billboard amounts to £1,247 per month, equivalent to £14,964 per annum, before taking account of any income from the commercial premises.

FARNWORTH REGENERATION – INVESTING IN AN EVOLVING TOWN

Farnworth is benefiting from a programme of town-centre investment and regeneration aimed at improving its environment, amenities and long-term appeal.

The redevelopment of the former market precinct into Farnworth Green has introduced new residential accommodation, commercial space and an attractive public square, helping to revitalise this part of the town centre. Further improvements to Market Street have focused on enhancing the pedestrian environment, public spaces, accessibility and cycling provision.

Looking ahead, Farnworth has also been selected for approximately £19.5 million of government funding over 10 years through the Pride in Place programme, intended to support local priorities and deliver improvements to the town and its community.

This ongoing investment provides a positive backdrop for the property, offering prospective purchasers the opportunity to acquire a mixed-use asset in an established location undergoing continued improvement.

PROMINENT LOCATION & CONNECTIVITY

Occupying a strategic position on Bolton Road, close to a busy roundabout, the property benefits from excellent roadside visibility and substantial passing traffic, making it a particularly prominent location for commercial activity and advertising exposure.

Farnworth town centre and its amenities are just a short distance away, while the property also enjoys convenient access to the A666 and the wider motorway network, providing connectivity to Bolton, Greater Manchester and surrounding commercial centres.

THE INVESTMENT OPPORTUNITY

Combining commercial accommodation, established residential rental income and a separate advertising revenue stream, this property presents an appealing opportunity for investors seeking a diversified mixed-use asset.

With the additional backdrop of Farnworth's ongoing regeneration and planned long-term investment, the property offers an opportunity to secure an established income-producing asset in a well-connected location with potential for future investment appeal.

The Physio is available to purchase as an optional extra. For further details, please speak to the agent.

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £500 inc. VAT. These services are optional.


EPC Rating: C

Agent Notes

Please note that the business will remain unaffected.

Parking - Driveway

Dedicated off street parking for one vehicle to the rear

Brochures

Bolton Road, Kearsley, BL4

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Farnworth Station0.4 miles
  • Kearsley Station0.5 miles
  • Moses Gate Station1.0 miles

About Miller Metcalfe, Bolton

Burden House, 2-10 Bradshawgate, Bolton, BL1 1DG

Miller Metcalfe is a commercial, valuation, development and investment agency and forms part of a large multi-disciplinary property business. The Commercial department is well established across Greater Manchester and Lancashire and ensures optimal service levels and professionalism. Each staff member prides themselves on offering high quality and timely advice. Coupled with a wide scope of consultancy work. We build a rapport with businesses, councils and property investors throughout the region. As a result, we have gained business both in terms of new property listings and relationship building with purchasers. We are now growing an already successful department throughout the North-West. Based on our reputation for excellence and ensuring that rigorous standards are maintained in all the work we undertake.

The Services we offer include:

Office, industrial and retail agency

Land and Development

Investment

Valuation

Notes

These notes are private, only you can see them.

Disclaimer - Property reference e91a1431-d9ee-4c67-b522-2dfbaf5e2a23. 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 Miller Metcalfe, 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 Miller Metcalfe, Bolton on 01204 958177.

*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.”