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115-117 Albert Rd 1,239 sq ft 8% Let Retail Property Colne BB8 0BT £450,000 (£363.20/sq ft)

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INVESTMENT HIGHLIGHTS

  • Popular area of the town
  • Traditional stone construction
  • Great connectivity

EXECUTIVE SUMMARY

Three-storey premises of traditional stone construction beneath a pitched slate roof providing open plan retail accommodation on the ground floor. To the rear of the retail area accessed from Smith Street is a single storey extension providing loading bay/workshop with a mezzanine storage/office area above. Accessed from the rear loading bay is also a useful basement area for further storage.
TENURE: Long Leasehold subject to a nominal ground rent. TENANCIES: The residential units are all let by way of 6 month Assured Shorthold Tenancies. The total rent roll for the flats is £20,280 per annum. Further details upon request. SHORT-TERM TENANCY: The current occupiers of the ground floor shop would consider a short-term tenancy arrangement on terms to be agreed. Further details upon request.

ATTACHMENTS

Brochure

PROPERTY FACTS

Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,239 sq ft
Costar Property Class
C
Year Built
1990
Price
£450,000
Price per sq ft
£363.20
Occupancy Rate
8%
Tenancy
Multiple
Number of Floors
4
Frontage
46 ft on Albert Road

AMENITIES

  • 24 Hour Access
  • Corner Lot
  • Signage
  • Signalised Intersection

NEARBY MAJOR RETAILERS

Lidl
Fultons Foods
Farmfoods
Sainsbury's
Pure Gym
SPAR
ASDA
Morrisons
  • Listing ID: 38725243

  • Date on Market: 10/12/2025

  • Last Updated:

  • Address: 115-117 Albert Rd, Colne BB8 0BT

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