mixed use takeaway and residential investment opportunity.

114-116 Colne Road, Brierfield, Nelson, Lancashire

For Sale £150,000 Auction

Investment in Brierfield

1379.7 Sq Ft

• Fully let investment premises in prime roadside location close to junction 12 of the M65.
• Self contained ground and lower ground floor takeaway and first floor apartment.
• Ideal investment opportunity currently generating a gross rental income of £17,520 per annum.

Description

The property comprises two adjoining buildings which are of traditional stone construction beneath a pitched slate roof. No. 114 comprises a fish and chip takeaway with its accommodation arranged over the ground and lower ground floors. To the ground floor is a kitchen / takeaway area with an adjoining dining area and a WC.

The lower ground floor provides a second kitchen / preparation room and a store room with a separate personnel door which is accessed via the adjoining car park.

No. 116 comprises a self contained, 2 bedroom apartment with a living room, modern fitted kitchen, shower room and store room. Externally there is an adjoining car park to the rear of the property and also an additional strip of land which could be reconfigured to create additional parking spaces.

TENANCIES
114 Colne Road (Fish and Chip Takeaway) is let to a private Tenant by way of a 10 year Lease which commenced on the 18th April 2017. The current passing rent is £12,000 per annum.

116 Colne (Flat) is let by way of an Assured Shorthold Tenancy agreement at a current rent of £5,700 per annum.

Copies of the leases can be provided upon request.

Location

The property is situated on Colne Road (A682) adjacent to Glen Way, within a short drive from junction 12 of the M65 Motorway. Occupying a highly prominent roadside position, the property is located within a short distance to the centre of Brierfield and there are a number of established occupiers in the near vicinity including, B & Q, Northlight Parade Business Centre, The Leisure Box and Brown’s Ladders.

Accommodation

Ground Floor Fish and Chip Shop (114 Colne Road)
Kitchen/Takeaway 18.58 sq.m 200 sq.ft
Dining Area 17.12 sq.m 184.27 sq.ft
WC 4.3sq.m 46.28 sq.ft

Lower Ground Floor
Kitchen/Preparation 13.92 sq.m 149.83 sq.ft
Store 26.23 sq.m 282.33 sq.ft

First Floor Flat (116 Colne Road)
Bedroom 1 4.49 sq.m 48.32 sq.ft
Bedroom 2 12.14 sq.m 130.67 sq.ft
Kitchen 4.64 sq.m 49.94 sq.ft
Living Room 17.02 sq.m 183.20 sq.ft
Bathroom 3.87 sq.m 41.65 sq.ft

GIA: 122.31 sq.m 1,316.54 sq.ft

Services

The property has the benefit of all mains services including gas fired central heating to no. 116 Colne Road.

Viewing

Old Red Lion,
4 Manchester Road,
Burnley BB11 1HH.

Tel: 01282 456677
Email: [email protected]