£249,950
(£312.44/sq. ft)
Retail premises for sale37/37A Church Street, Barnoldswick BB18
800 sq. ft
Just added
About this property
Fully let retail/residential investment.
Current annual rental income £18,000 per annum.
Shop let to Estate Agency business for over 30 years.
Long standing residential tenant.
Situated within Barnoldswick town centre on Church Street, one of the main shopping thoroughfares in the town. The property is located opposite the junction with Commercial Street and Butts. Barnoldswick is a popular market town within the Borough of Pendle. Nearby towns include Skipton to the East, Clitheroe to the West and Burnley to the South.
End terraced property of traditional stone construction with a pitched slate roof. The ground floor is a double fronted retail unit with traditional timber shop front. The property has previously been let as two individual shops but now provides a double fronted open plan sales area with rear offices and staff facilities.
Accessed from the side of the property is a well presented flat. The flat provides two bedrooms, dining room (which could be a further bedroom), shower room, kitchen and living room.
Tenancies
Shop
Currently let to Taylforths Residential Limited for a term of 10 years from the 18th August 2022. The current passing rental is £9,600 per annum payable monthly in advance with a rent review at the end of the fifth year.
The tenant is responsible for internal repairs and shop front and contributes to the insurance premium which is paid by the landlord.
Flat
No agreement exists. The flat was let on a rolling 6 month tenancy which has now expired. The tenant however has been in for many years and is not looking to relocate. The flat tenant is currently paying £700 per calendar month.
A copy of the commercial lease is available upon request.
End terraced property of traditional stone construction with a pitched slate roof. The ground floor is a double fronted retail unit with traditional timber shop front. The property has previously been let as two individual shops but now provides a double fronted open plan sales area with rear offices and staff facilities.
Accessed from the side of the property is a well presented flat. The flat provides two bedrooms, dining room (which could be a further bedroom), shower room, kitchen and living room.
Tenancies
Shop
Currently let to Taylforths Residential Limited for a term of 10 years from the 18th August 2022. The current passing rental is £9,600 per annum payable monthly in advance with a rent review at the end of the fifth year.
The tenant is responsible for internal repairs and shop front and contributes to the insurance premium which is paid by the landlord.
Flat
No agreement exists. The flat was let on a rolling 6 month tenancy which has now expired. The tenant however has been in for many years and is not looking to relocate. The flat tenant is currently paying £700 per calendar month.
A copy of the commercial lease is available upon request.
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Monthly repayment
£1,250 per month
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