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11 New Market St 3,000 sq ft 61% Let Retail Property Colne BB8 9BJ £150,000 (£50/sq ft)
Investment Highlights
- Ground floor shop let producing £6,000 per annum
- Potential for extra rental income by letting the flat.
- Of interest to owner occupiers and investors
Executive Summary
Mid-terrace property providing ground floor retail
accommodation together with separately accessed
upper floor flat.
The property is of traditional stone construction
beneath a pitched slate roof.
The shop has a traditional timber shop front and
internally provides a main frontal sales area together
with further sales at the rear. External WC.
Accessed from the rear yard is a flat which comprises
kitchen area within the ground floor. The first floor is
divided to provide shower room, WC, living room and
two bedrooms. There is a further bedroom within the
roof space.
Situated at the top of New Market Street which is
accessed from Albert Road (A56) the main arterial
route into Colne town centre.
Colne town centre and all its amenities are within
walking distance.
Colne town centre is currently the subject of major
investment including the full refurbishment of the
market hall.
accommodation together with separately accessed
upper floor flat.
The property is of traditional stone construction
beneath a pitched slate roof.
The shop has a traditional timber shop front and
internally provides a main frontal sales area together
with further sales at the rear. External WC.
Accessed from the rear yard is a flat which comprises
kitchen area within the ground floor. The first floor is
divided to provide shower room, WC, living room and
two bedrooms. There is a further bedroom within the
roof space.
Situated at the top of New Market Street which is
accessed from Albert Road (A56) the main arterial
route into Colne town centre.
Colne town centre and all its amenities are within
walking distance.
Colne town centre is currently the subject of major
investment including the full refurbishment of the
market hall.
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,000 sq ft
Costar Property Class
C
Year Built
1900
Price
£150,000
Price per sq ft
£50
Occupancy Rate
61%
Number of Floors
2
Plot ratio
1.00
Total Plot Size
0.07 ac
Frontage
19 ft on New Market Street
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Nearby Major Retailers
1 of 3
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11 New Market St
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