prime retail and residential investment opportunity

30, 30a & 30b Albert Road, Colne, Lancashire

For Sale £265,000

Investment in Colne

2042.68 Sq Ft

• Ground and lower ground floor retail premises with two spacious self contained flats.
• Double fronted ground floor retail with excellent frontage onto Albert Road.
• Prominent roadside position on the edge of Colne town centre close to Colne Municipal Hall and various established retailers, Solicitors and Accountants.

Description

A mid parade three storey, stone built premises occupying a prominent position on Albert Road. To the ground floor, no. 30 Albert Road comprises a spacious, double fronted shop with a private office, store room, kitchenette and male and female WC facilities. Further additional storage is provided to the lower ground floor. Accessed to the rear of the building are two self contained flats. 30a Albert Road comprises a two bedroom first floor flat with a living room, kitchen and bathroom. 30b Albert Road is arranged over the ground and first floors and comprises a living room and kitchen to the ground floor with two bedrooms and a bathroom to the first floor. The ground floor retail accommodation has been occupied for a number of years by an an established fitted furniture supplier and is now to be sold with vacant possession due to retirement. Benefitting from an excellent double frontage, this ground and lower ground floor space is ideally suited for retail, office, or hair and beauty use. TENANCIES 30a is let by way of an Assured Shorthold Tenancy at a current passing rent of £5,160 per annum. 30b is also let by way of an Assured Shorthold Tenancy at a current passing rent of £5,160 per annum.

Location

The property is located on Albert Road (A56), the main arterial route leading into the town centre of Colne. Conveniently located within a short drive from junction 14 of the M65 motorway, the property occupies a prime roadside position benefiting from a high level of passing traffic. Other established occupiers in the immediate area include Stanley House Vets, various Solicitors, Estate Agents and independent retailers.

Accommodation

Ground Floor 30 Albert Road Sales 59.64 sq.m 641.96 sq.ft Office 6.19 sq.m 66.62 sq.ft Store 8.16 sq.m 87.83 sq.ft Kitchenette 3.64 sq.m 39.18 sq.ft Male/Female WC's 2.2 sq.m 23.68 sq.ft Lower ground floor store 18.81 sq.m 202.47 sq.ft 30a First Floor Kitchen 7.02 sq.m 75.56 sq.ft Living Room 20.89 sq.m 224.85 sq.ft Bed 1 5.41 sq.m 58.23 sq.ft Bed 2 7.8 sq.m 83.95 sq.ft Bathroom 3.5 sq.m 37.67 sq.ft 30b Ground Floor Living room 16.73 sq.m 180.08 sq.ft Kitchen 4.8 sq.m 51.66 sq.ft 30b First Floor Bedroom 1 12 sq.m 129.16 sq.ft Bedroom 2 10.14 sq.m 109.14 sq.ft Bathroom 2.78 sq.m 29.92 sq.ft GIA: 189.77 sq.m 2,042.68 sq.ft

Services

The property has the benefit of all mains services including gas fired central heating.

Viewing

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

Tel: 01282 456677
Email: [email protected]