- Property ID
- For sale:
- 2304 sq ft
The property is situated on Glen Street which is in close proximity to North Valley Road (A6068), the main arterial road between East Lancashire and Yorkshire. The property is also within a short distance from Colne town centre, with North Valley retail park being immediately opposite. The property is within 1 mile of junction 14 of the M65.
A substantial end terrace property of stone construction beneath a pitched slate roof. The property comprises of a ground floor lock up shop, previously occupied for a number of years as a convenience store, together with separate living accommodation to the first and second floors. Internally the ground floor shop comprises of an open plan sales area with a rear storeroom and WC facilities. The first floor living accommodation is separately accessed off Keighley Avenue and comprises five bedrooms, two reception rooms, kitchen, bathroom and WC facilities. Externally there is an additional yard to the rear.
The accommodation would be suitable for full residential conversion subject to obtaining the appropriate planning consent.
Ground Floor Sales Area
Total: 94.25 sq. m (1014.53 sq.ft)
Two Reception Rooms
Bathroom and WC
Total: 119.82 sq. m (1289.79 sq.ft)
GIA: 214.00 sq. m (2303.79 sq.ft)
A 7 year lease has in principal been agreed in respect of the ground floor shop at a passing rent of £4,200 p.a. Rent reviews are to be incorporated at 2 yearly intervals.
The property has the benefit of all mains services including gas central heating.
It is the prospective purchaser’s responsibility to verify that all appliances, services and systems are in working order, and are of adequate capacity and suitable for their purpose.
It is the prospective purchaser’s responsibility to verify that their intended use is acceptable to the local planning authority.
BUSINESS RATES/ COUNCIL TAX
We are informed by the Valuation Office Agency Website that the ground floor shop has a Rateable Value of £4800 per annum (2017/18).
The first floor flat has a separate council tax banding – Band A.
£97,950 (Ninety seven thousand nine hundred and fifty pounds).
Each party is to be responsible for their own legal costs incurred.
All prices quoted may be exclusive of but may be subject to VAT at the prevailing rate.
Petty Chartered Surveyors
Imperial Chambers, Manchester Road
Burnley, BB11 1HH
Tel. 01282 456677