- Property ID
- For sale:
The property is situated within Barnoldswick town centre in an extremely prominent location fronting the main arterial route (Fernlea Avenue) that passes through the town centre.
Barnoldswick is a popular town that is conveniently located for both the north East Lancashire towns of Burnley and Blackburn with the M65 being within approximately 6 miles and the Yorkshire towns of Skipton and Ilkley approximately 8 miles distance.
Other occupants in the locality include a Co-Operative Supermarket and a number of professionals, including Solicitors and Accountants.
The property was originally constructed as a Post Office with sorting office facilities and was acquired by the current owner a few years ago and divided into a number of retail and residential units.
The residential accommodation is located on the first floor above the retail accommodation and is accessed from a private gated car park to the rear with intercom access.
Each Apartment is individual in size and they have been occupied permanently since the conversion in approximately 2005.
12 Fernlea Avenue – tenant Ladbrookes Betting and Gaming Limited, ten years from the 1st August 2007 on an internal repairing lease at a rent of £13,000 (thirteen thousand pounds) per annum. Rent review at the fifth year.
10 Fernlea Avenue – tenant Mario Desanti, use Delicatessen, term three years from the 12th July 2008 on an internal repairing lease, rent £3,000 (three thousand pounds) per annum – holding over.
2-8 Fernlea Avenue, tenant Pendle Borough Council, term five years from the 29th July 2010, rent £8,250 (eight thousand two hundred and fifty pounds) per annum on a full repairing and insuring lease. The tenant currently pays annually in advance.
Lower ground floor, tenant Alvic Construction Limited, three year term from completion of the purchase, rent £4,000 (four thousand pounds) per annum.
Apartment 1, rent £6,000 (six thousand pounds) per annum, payable annually in advance.
Apartment 2, rent £5,100 (five thousand one hundred pounds) per annum, paid monthly in advance.
Apartment 3, rent £4,200 (four thousand two hundred pounds) per annum, paid monthly in advance.
Apartment 4, rent £5,100 (five thousand one hundred pounds) per annum, paid monthly in advance.
Each Apartment is occupied by way of Assured Shorthold Tenancies.
NB, the Apartments each have the benefit of gas fired central heating and good quality kitchen and bathroom fittings. There is a digital access to the common area and a fully gated enclosed car park for use by the residential tenants. The properties are currently slightly under rented.
The property provides a gross income of £48,650 (forty eight thousand six hundred and fifty pounds) per annum.
Viewing strictly by appointment with Petty Chartered Surveyors.