£195,000
(£140.69/sq. ft)
Retail premises for sale39 & 39A Burnley Road, Todmorden, West Yorkshire OL14
1,386 sq. ft
Just added
Available immediately
About this property
Fully let investment opportunity
NIA 1,386 Sq Ft (128.86 Sq M)
Prominent position along Burnley Road, opposite Todmorden market
Producing a rental income of £13,200pa
Considered scope for rental growth
Set in the heart of Todmorden, the property briefly comprises a stone built mid-terraced property with a ground floor café unit and two bedroom flat above.
The ground floor café forms part of an established parade of shops that front onto Burnley Road, opposite the popular Todmorden markets and benefit from good footfall & passing traffic. The café benefits from having a timber frontage onto Burnley Road, open plan seating area, preparation area with serving counter, ancillary stores and WC facilities. 39a Burnley Road is accessed from Back North Street, off Ridge Road to the rear of the property, benefitting from kitchen, 3 piece bathroom with a shower over the bath, living room, main bedroom, second bedroom in the attic with skylights and a yard area.
The café tenant is currently holding over on their original lease and the residential tenant is on a periodic tenancy. The property is fully let and producing an income of £13,200 per annum. We consider that there is an opportunity to increase the income based on current market rates.
Mains services to include electricity, gas, water and drainage are connected to the property. Please note these services have not been tried or tested and any interested party should satisfy themselves as to their suitability and condition.
The ground floor café forms part of an established parade of shops that front onto Burnley Road, opposite the popular Todmorden markets and benefit from good footfall & passing traffic. The café benefits from having a timber frontage onto Burnley Road, open plan seating area, preparation area with serving counter, ancillary stores and WC facilities. 39a Burnley Road is accessed from Back North Street, off Ridge Road to the rear of the property, benefitting from kitchen, 3 piece bathroom with a shower over the bath, living room, main bedroom, second bedroom in the attic with skylights and a yard area.
The café tenant is currently holding over on their original lease and the residential tenant is on a periodic tenancy. The property is fully let and producing an income of £13,200 per annum. We consider that there is an opportunity to increase the income based on current market rates.
Mains services to include electricity, gas, water and drainage are connected to the property. Please note these services have not been tried or tested and any interested party should satisfy themselves as to their suitability and condition.
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Monthly repayment
£975 per month
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