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
Property Files
Map
Contact Agent
- Email:
- [email protected]
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
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 |
