5 Bacup Road, Rawtenstall, Lancashire, BB4 7NG

Category For Sale
Type Investment
Size 1,682 sq ft / 156.3 sq m
Price £185,000

Description

Part Let Investment Property.
156.31 sq m (1,682 sq ft).
Development Opportunity. Subject to Planning.
Popular Town Centre Location.
Vacant Ground Floor.
First & Second Floors Income Producing – £6,000 pa Exclusive.
Energy Performance Asset Rating (EPAR) is D-80.

FOR SALE: Offers in the Region of £185,000.

The property is located in a prominent main road position, on Bacup Road, close to St Mary’s Way and Bocholt Way, a few minutes walk from Bank Street, the bus station and The East Lancashire Railway, 0.5 miles to the A56, 8 miles from Bury, and 4.5 miles from Bacup. Rawtenstall is a busy, popular East Lancashire town, 17 miles from Manchester, with a population of approximately 22,000. The town has benefited from considerable regeneration investment, including a brand new transport interchange and bus station. Adjacent occupiers include a dental surgery, and hair salon.

A stone built, three storey, (plus basement) mid terraced, part let investment property, in the heart of Rawtenstall. The ground floor is vacant and was most recently Let to a Credit Union. The first and second floors are let to a Podiatry & Physiotherapy Clinic, on a 6 year lease from November 2015, with a passing rent of £6,000 per annum. The current lease therefore expires in November 2021.

The property retains lots of period detail, and is considered suitable for alternative uses/redevelopment, subject to consent. The ground floor has an entrance vestibule, large open plan office, private rear office, kitchen and WC facilities, along with ancillary storage and corridor. The first and second floors have their own entrance, separate meters and boilers, and are mainly arranged as treatment rooms, staff and visitor facilities, and ancillary storage. The basement room is currently accessed externally, although there is an internal staircase that is sealed.