Investment Properties for sale in Brierfield

View the "Freehold Shop/Takeaway/Cafe and Residential Investment (FULLY LET)" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Adam Warren (Jan 2017)
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Freehold Price: £250,000
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Business Description
TENURE: Freehold

OVERVIEW
- Long established and well known traditional fish and chip shop/takeaway & 24 cover cafe/dining area with residential flat above
- Comprises a basement kitchen/preparation area, a ground floor shop/takeaway & cafe and one self contained 2-bedroom flat above
- Busy main road location in a densely populated area undergoing a £32 million development
- Shop Reversion 2027
- Current Rent Reserved: £16,320pa

DESCRIPTION
The property is arranged on the basement, ground and one upper floor to provide a basement kitchen /preparation area, a ground floor shop/takeaway & cafe and one self contained two-bedroom flat on the first floor (with its own entrance). The property benefits from a car-park (demised to the commercial tenant) to the rear.

Accommodation and Tenancies
SHOP (114-116)
- Present Lessee: Individual
- Security Deposit: £3000
- Authorised Guarantee Agreement in place with 2 original tenants
LEASE TERMS
-10 years from 19th April 2017
- Rent Review in 5th year (2022)
- FR&I
- Current Rent: £12000 pa

RESIDENTIAL FLAT ABOVE (116)
- self contained and separate entrance
- 2 bedrooms, living room, kitchen and bathroom
- 12 months AST from 31st October 2018
- Current Rent: £4320 pa
- Rent Deposit: £360
- Reversion: 2019

Energy Performance Certificate
Commercial EPC Rating (On request)
Residential EPC Ratings (On request)
Tenure: Freehold

Location Details:
Located in the popular Brierfield district of Burnley in Lancashire, the property occupies a prominent trading position on a busy main commuter route. The long-established fish and chip shop is located is within a densely populated area, subject of the ongoing Northlight Development, a £32 million joint venture between Barnfield Investments and Pendle Council providing a 380,000 sqft commercial and residential complex. Lancashire Adult Learning (LAL) was the first centre in the Development to open in October 2017 with a Burnley Football Club in the community leisure complex opening in 2019 and substantial office and residential areas granted planning permission.

Find out more about this business opportunity.

 
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PAX01316843812
Seller Reference:
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