Ideal Investment Opportunity
Main Road Position
Busy Residential Area
Close To Rawtenstall Centre
Well Linked By M65 & M66
Bakery/Confectioners & Bowls Shop
Bakery Ceased Trading November 2020
Spacious Two Bed Flat
Potential For Three Income Streams
EPC - DREF 7371 – Freehold Commercial/Investment Property
Blacks Brokers are pleased to bring to the market this freehold commercial investment property located in the village of Crawshawbooth, Rossendale.INTRODUCTION
530 & 532 Burnley Road are spacious properties split into three areas: two commercial shops and a first floor accommodation. The businesses here are a bowls shop which is operated by a tenant and a bakery/confectioners which was run by our client. This property offers a range of opportunities for a new owner with potential for up to three separate income streams dependant on a new owners requirements.LOCATION
530 & 532 Burnley Road occupy a main road trading position within a parade of shops, residential properties and offices. The area is densely populated both residentially and commercially with neighbouring businesses including independent retailers such as takeaways, convenience stores and a local pub. There are also a number of large multiples nearby including Asda and Tesco. The area is well linked by the M65 and M66 with links to Burnley, Rawtenstall, Bury and more. Public transport links are excellent and parking is available immediately outside the property at the front and the rear.REASON FOR SALE
Due to our client’s desire to retire after 23 years, the property is now offered for sale. This presents a range of opportunities for a new owner such as; reopening the once very successful bakery/confectioners shop as a hands on owner operator or rent this space out and have the entire property as an investment.FINANCIAL DETAILS
The bakery ceased trading in November 2020. Previous takings for the businesses were (in 2019) annual turnover £118,373, gross profit £63,836 and net profit £45,512. This demonstrates a good amount of demand for businesses and shops in this area.BUSINESS RATES
Purchasers should enquire with relevant local authorities to confirm the rates payable.SUMMARY
These spacious properties occupy an enviable trading position in a highly sought after residential area of Crawshawbooth. Over the 23 years of running the bakery/confectioners our client had previously secured a strong customer base and exceptional reputation. An investor could choose to reopen the businesses and also live on site, or let all three areas of the property separately for maximum rental income. Early viewings are strongly advised. Fixtures:
All bakery equipment included in cost of sale including:
Glass display counters
Shelving & racking
Double deck commercial bakery oven
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
530 & 532 Burnley Road are large end terraced and mid terraced properties with two businesses on the ground floors. Number 532 was a successful bakery once ran by our client but closed in November 2020 and number 530 is currently rented out. There is also a large flat on the first floor. The business space within the ground floor could be utilised as one very large unit or as two smaller units as per the current set up.
The bakery/ confectioners is well presented with a servery/counter area to the front of the shop and bakery preparation room to rear along with large storage room. The bakery is still set up and fully equipped meaning a new owner could potentially reopen the old business with immediate effect. The bakery has direct access to the first floor flat.
The bowls shop can be accessed externally and currently has a tenant in place. A new owner could keep the tenant in place to continue generating rental income or alternatively could use the property themselves combining both shops together for one larger premises.
The first floor accommodation has its own entrance to the rear but can also be accessed via the bakery. The accommodation comprises of two large double bedrooms, family bathroom, large kitchen, dining room and spacious lounge. There is an enclosed yard to rear, a shed, and an outside toilet.