2 MARKET SQUARE & 1A CROSS STREET NELSON, PENDLE, BB9 7EN

Quick Summary

Property ID
5207
Category:
Retail, Investment
Area:
783 sq ft
Location:
Nelson

Property Files

Property Features

  • Good access to motorway network

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Property Description

PROPERTY INFORMATION

• Long established Tenants including jewellers and sandwich bar with first floor separate flat

• Prime town centre location in busy trading position

• Producing £9,300 per annum

LOCATION

The properties are adjoining and situated within Nelson town centre. They are adjacent to the central Library and Ace Centre, a modern office and leisure complex in the heart of the town centre. Car parking as available within close proximity and the main shopping precinct is within five minutes walk.

DESCRIPTION

2a Market Square

The property comprises of a ground floor retail property with a separate first floor flat. The premises are of stone construction with a slate roof. This property is occupied by a Jewellers (Peter’s Jewellers) and the accommodation comprises of a sales area with small workshop to the rear and WC facilities.

Floor area 30.2 sq.m(326 sq.ft)

Flat

The first floor flat is accessed off Cross Street and comprises of a living kitchen, one bedroom and a bathroom with three piece suite and a utility room. The property is let on an Assured ShortholdTenancy Agreement.

1a Cross Street

Situated on Market Street and of a stone construction. It is a lock-up sandwich shop, there is one room where the food is prepared and sold and a small store and WC. It extends to 12 sq.m(131 sq.ft)

TENANCIES

2a Market Street

Occupied by Peters Jewellers who have been in occupation since 1988. The Tenant is currently holding over on a ten year lease at a yearly rent of £4,500 per annum.

First Floor Flat 2 Market Square.

This is currently let by way of an Assured ShortholdTenancy at £2,400 per annum.

1a Cross Street.

This is occupied as a sandwich shop and the tenant has signed a new three year lease at a rent of £2,400 per annum.

TOTAL INCOME: £9,300 per annum

LEGAL COSTS

Each party is to be responsible for their own legal costs.

VAT

All prices quoted are exclusive of, but may be subject to VAT at the prevailing rate.

VIEWING

Viewing strictly by appointment with Petty Chartered Surveyors.