Lot
077
Auction: April 2024 Online Auction 24/04/2024 - Bidding opens Tuesday 23rd April 10:00 AM

87-89 & 91 & 87A, 89B & 91C Coal Clough Lane, Burnley, Lancashire, BB11 4NW

Property Details
Location
Auction Details
Description
A mixed-use, income-generating investment opportunity comprising two retail units and three apartments, generating a total annual income of £35,100. The retail units are situated under a single signage and comprise one double-fronted unit of approximately 78 sq m (837.5 sq ft) and a single unit extending to approximately 43 sq m (459 sq m). The units are being operated as a greengrocers and a florist. Situated above the retail units are three flats, benefitting from separate access to the rear. Each flat is arranged over two floors, feature one bedroom, and have been refurbished recently.
Location
The property fronts Coal Clough Lane (B6239) approximately 1 mile west of Burnley town centre. The local area is largely residential, proving good footfall. Transport links are provided by the M65 to the north and Rossendale Road to the south, along with Burnley Manchester Road train station.
Accommodation

StoreyUsePropertyDescription
Ground Floor

Retail

Retail

No. 87-89

No. 91

78 sq m (837.5 sq ft) double-fronted florist

43 sq m (459 sq m) greengrocers

UppersResidential

87a

89b

91c

1 bedroom flat

1 bedroom flat

1 bedroom flat


Tenancy

PropertyReserved RentLease Term
87-89£10,400pa5 years from Aug 2020
91£5,200pa5 years from June 2021
3 x Flats£19,500ASTs
Total£35,100

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 23RD APRIL AND CLOSES ON WEDNESDAY 24TH APRIL.

3. Energy Performance Certificate = TBC.

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