Report a Fault 53 Bank Street, Rawtenstall, Rossendale, Lancashire, BB4 7QN
641 Sq Ft
£130,000
- Type: Investment
- Availability: Under Offer
Situation
The property is situated in the prime shopping area of the small town of Rawtenstall which is located 10 miles north of Bury and 12 miles south of Burnley. Population 23,682 (2001 Census). Occupiers in the immediate vicinity include Boots, Asda, Nat West, Bet Fred, Barclays to the south west. Opposite Greggs and to the north a number of estate agents, travel agents, restaurants and the revitalised Market (Thursday, Friday, Saturday) with street food and indoor seating (Thursday, Friday, Saturday and Sunday).
Description
The property is a 2 storey, freestanding building constructed of stone walls under a flat asphalt covered roof. It was originally constructed in the 1930's. It currently trades as Spex.
Tenure Comments
A new 10 year FRI lease has been agreed with the Tenant at a rental £10,500 pa for the first 5 years rising to £11,500 pa thereafter. The property is Freehold.
Price
£130,000 equating to Gross Initial Yield 8%
Income
£10,500 pa for the first 5 years and £11,500 pa thereafter
Inspection
Lucy Warriner
07903 092763
Lucy.warriner@fififeldglyn.com
The property is situated in the prime shopping area of the small town of Rawtenstall which is located 10 miles north of Bury and 12 miles south of Burnley. Population 23,682 (2001 Census). Occupiers in the immediate vicinity include Boots, Asda, Nat West, Bet Fred, Barclays to the south west. Opposite Greggs and to the north a number of estate agents, travel agents, restaurants and the revitalised Market (Thursday, Friday, Saturday) with street food and indoor seating (Thursday, Friday, Saturday and Sunday).
Description
The property is a 2 storey, freestanding building constructed of stone walls under a flat asphalt covered roof. It was originally constructed in the 1930's. It currently trades as Spex.
Tenure Comments
A new 10 year FRI lease has been agreed with the Tenant at a rental £10,500 pa for the first 5 years rising to £11,500 pa thereafter. The property is Freehold.
Price
£130,000 equating to Gross Initial Yield 8%
Income
£10,500 pa for the first 5 years and £11,500 pa thereafter
Inspection
Lucy Warriner
07903 092763
Lucy.warriner@fififeldglyn.com
