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83-85 Bank Top 1,341 sq ft Retail Property Blackburn BB2 1TN £190,000 (£141.69/sq ft) 6.65% Net Initial Yield
Investment Highlights
- Prominent roadside corner position
- Rear public parking
- Located within the established Bank Top shopping area
Executive Summary
Opportunity to acquire this freehold investment producing a passing rent of £12,635 per annum. The property comprises an end terrace retail building of traditional brick construction beneath a pitched slate roof. The ground floor is occupied by Coral Racing Limited, while the first floor comprises former living accommodation currently presented in shell condition. The property occupies a prominent position within the Bank Top retail parade. Offers are sought in the region of £190,000, reflecting an approximate net initial yield of 6.65%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
1,341 sq ft
Costar Property Class
B
Year Built
1900
Price
£190,000
Price per sq ft
£141.69
Yield
6.65%
NOI
£12,635
Tenancy
Single
Number of Floors
2
Frontage
30 ft on Bank Top
1 1
Nearby Major Retailers
1 of 2
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Presented by
83-85 Bank Top
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