Investment Properties for sale in Waterfoot

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 We were searching for a retirement business opportunity and we found it on 

Mr & Mrs Neville (Sept 2013)
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Freehold Price: £145,000 Price Reduced Sale Agreed
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Business Description
Hilton Smythe is delighted to welcome to the market this substantial investment property in the small town of Waterfoot, Lancashire.

The property, which is currently a motor vehicle repair business has been in our clients’ ownership since 1981. Only now is the property being offered to the market due to our clients’ desire for semi-retirement. We are advised that the property only is for sale and that our client will vacate the premises once a new buyer takes possession.

The property consists of two buildings, the first is being used for vehicle repairs and comprises of two large workshops and an office. The second is a large three storey dressed stone built building, which is currently being used to store cars. This property was formerly a mill. In-between the two buildings is a piece of land, which is also included in the sale and could provide car parking for approximately 8 vehicles.

A new owner could continue using the premises as a vehicle repair workshop, although it could be adapted for multiple uses. There is also scope to redevelop the property for residential use, subject to the relevant permissions being granted.  We are advised that the local council is granting planning permission for development within the area for residential flats/apartments.

This is an excellent opportunity for a new owner to purchase a substantial property, which could be used for many different uses; therefore early viewing must come highly recommended to avoid disappointment.

This substantial investment property, which is currently operating as a vehicle repair garage, is ideally located within the small Rossendale mill town of Waterfoot in Lancashire. The property is surrounded by densely populated residential areas, from which the current business derives much of its trade.

Waterfoot is a small town located between Rawtenstall and Bacup in Lancashire. It is home to the renowned Bacup and Rawtenstall Grammar School and the acclaimed Horse and Bamboo Theatre Company. The town has a number of independent and high street shops and businesses, as well as specialist shops.

The area of the property is served by the public transport service, with bus stops within easy walking distance of the property. The nearest railway station is approximately 8 miles away in Burnley. The area is also well served by the A-roads, with the property being located just off the A681, which links to the national A-road and motorway networks. Rochdale is approximately 10½ miles away and Blackburn is just over 12 miles away.

Substantial premises, briefly comprising:

Building 1:

2 x large workshops.



Large storage area.

Reception area.

Building 2:

Substantial dressed stone built property, formerly a mill.

Spacious basement level.

Spacious ground floor.

Spacious first floor.


Open area of land between buildings, which could be used for parking for up to 8 vehicles.

We are advised Freehold.

Tenure: Freehold

Listed by: Hilton Smythe
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