BROUGHAM APARTMENTS & 39-45 BURNLEY ROAD EAST, WATERFOOT, ROSSENDALE, BB4 9AG

Quick Summary

Property ID
5838
For sale:
Price on request
Category:
Investment
Area:
6940 sq ft
Location:
Rossendale

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Contact Agent


Property Description

  • Extensively refurbished within the last few years to a good standard.
  • Many long established tenants.
  • Gross income £66,700 p.a
  • Busy location with thriving local community.

LOCATION

The property is located on the eastern side of Burnley Road East (B6238) at its junction with Thornfield Avenue, Waterfoot. Situated midway between Bacup and Rawtenstall, the A681 Newchurch Road is close by giving access to the M66 at Rawtenstall.

DESCRIPTION

The property comprises a substantial three storey plus basement, late Victorian building of stone construction beneath a pitched slate roof which incorporates roof lights.

The building has been configured to provide four self-contained retail units all benefiting from similar style shop fronts, fronting Burnley Road East, together with eight self-contained apartments on the upper floors.

Each of the retail units is self contained with their own access and WC facility.

Apartments 1 and 5 are accessed from the Thornfield Avenue elevation and apartments 6, 7 and 8 via a walkway to the rear of the property.

Apartments 1, 6, 7 and 8 are on the first floor and are a mix of one and two bedroomed apartments with living kitchens and separate bathrooms. Apartment 8 has the benefit of basement storage and 2, 3, 4 and 5 are on the second floor being duplex apartments with a separate lounge, dining room, kitchen and second floor space, providing 1, 2 or 3 bedrooms, together with a bathroom.

The kitchens and bathrooms are fitted to a good modern standard and there are electric wall heaters throughout.

TENANCY SCHEDULE

See attached.

GROSS INCOME

£66,700 (Sixty six thousand six hundred pounds)

TENANCY AGREEMENTS

The residential apartments are all let on Assured Shorthold Tenancies. The retail units are on varying leases. Copies are available on request.

 

SERVICES

The property has the benefit of all mains services.

SERVICES RESPONSIBILITY

It is the prospective Purchasers’ responsibility to verify that all appliances, services and systems are in working order, and are of adequate capacity and suitable for their purpose.

PLANNING

It is the prospective Purchasers responsibility to verify that their intended use is acceptable to the local planning authority.

LEGAL COSTS

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

EPC

An Energy Performance Certificate is available upon request.

PRICE

On application

VAT

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

VIEWING

Petty Chartered Surveyors

Imperial Chambers, Manchester Road

Burnley, BB11 1HH

Tel. 01282 456677

[email protected]

www.pettycommercial.co.uk

 

Tenancy Schedule

Floor Use Sq.m Sq.ft
Ground – 39 Burnley Road East, Waterfoot Retail/Ancillary 35.02 377
Ground – 41 Burnley Road East, Waterfoot Retail/Ancillary 30.19 325
Ground – 43 Burnley Road East, Waterfoot Retail/Ancillary 40.2 433
Ground – 45 Burnley Road East, Waterfoot Retail/Ancillary 36.14 389
Basement/Ground Ancillary/Storage Not Measured Not measured
First Floor – Apartment 1 1 bed 42.35 456
First Floor -Apartment 4 1 bed 40.62 437
First floor Apartment 5 1 bed 38.71 417
Basement/Ground/

First Floor – Apartment 8

3 bedroomed flat 87.21 939
Second/Attic – Apartment 2 3 bedroomed flat 83.87 902
Apartment 3 2 bedroomed flat 93.84 1010
Apartment 6 2 bedroomed flat 53.98 581
Apartment 7 2 bedroomed flat 62.48 672
39 Burnley Road East Muz Barbers 10 years plus Rent – £5,100 p.a
41 Burnley Road East Salon 41 8 years plus Rent – £5,100 p.a
43 Burnley Road East Indian Kitchen 10 year lease Rent – £6,300 p.a
45 Burnley Road East Valley Launderette 5 year renewable Rent – £6,300 p.a
Flats 1 – 8 Broughton Hall All let on Assured Shorthold Tenancies Producing rental income of £43,900 p.a