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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)



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.
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.
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
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NEARBY MAJOR RETAILERS
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115-117 Albert Rd
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