mixed use retail / residential investment premises

168 Burnley Road, Briercliffe, Burnley, Lancashire

For Sale £135,000

in Burnley

607 Sq Ft

• Investment premises comprising two self contained units; an established ground floor hair salon and a refurbished first floor flat.
• Prominent roadside position in the popular village of Briercliffe.
• Producing a current gross rental income of £12,000 per annum.
• Ideal reversionary investment opportunity.

Description

A mid parade property of traditional construction beneath a pitched slate roof, located in a prominent roadside position on Burnley Road. The ground floor is currently configured as an open plan hair salon, which benefits from high visibility via a prominent bay window shop frontage facing Burnley Road, and includes a rear kitchenette and a WC. Accessed to the rear of the property is a self contained, one bedroom flat to the first floor. This comprises a spacious living room, 1 bedroom, a bath room and kitchen. The ground floor has a long established use as a hairdressing salon and is currently let to an independent operator on a 3 year lease, expiring in 2027, at a passing rent of £6,600 per annum. The residential flat is also currently let under an Assured Shorthold Tenancy at a passing rent of £5,400 per annum.

Location

Situated on Burnley Road, the property occupies a prominent roadside position in the popular village of Briercliffe on the outskirts of Burnley. The surrounding area is primarily residential, also with a number of independent retailers within the near vicinity including a Spar convenience store.

Accommodation

168 Burnley Road (Ground Floor) Salon 22.13 sq.m 238.2 sq.ft Kitchenette 3.25 sq.m 34.98 sq.ft WC 0.84 sq.m 9.04 sq.ft 168A (First Floor Flat) Living room 14.76 sq.m 158.87 sq.ft Bedroom 7.87 sq.m 84.71 sq.ft Kitchen 4.32 sq.m 46.5 sq.ft Bathroom 3.19 sq.m 34.33 sq.ft GIA: 56.36 sq.m 606.56 sq.ft

Services

The property has the benefit of all mains services, with gas fired central heating to the flat.

Viewing

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

Tel: 01282 456677
Email: [email protected]