Lot
005
Auction Ends: 31/01/2024 10:42 - Bidding opens Tuesday 30th January 10:00 AM

231-233 Coal Clough Lane, Burnley, Lancashire, BB11 4DH

Property Details
Location
Auction Details
Description
A mixed-use investment opportunity generating approximately £14,500.00 per annum, with the (sole) tenant occupying the property as a convenience store with residential accommodation. The property comprises an end-terrace, two storey building with stone elevations beneath a pitched slate tile covered roof. The property benefits from two single storey extensions to the rear and space, included in the title, for car parking.
Location
The property is located on the end of a terrace of residential properties in a primarily residential area of Burnley, and therefore benefits from the local footfall. Coal Clough Lane is conveniently accessed via Rossendale Road and benefits from its links to the A646, A682, and M65.
Accommodation

StoreyUseDescriptionFloor Area
Ground Floor

Retail

Residential

Shop floor

Kitchen, living area

62 sq m (666 sq ft)

53 sq m (572 sq ft)

First Floor ResidentialBedrooms, bathrooms78 sq m (837 sq ft)
Total

193 sq m (2,075 sq ft)
Buyers must note that Pugh & Co has not inspected the property internally and has taken the above, approximate, floor areas from a valuation report provided to us by the vendor. 


Outside
Included within the sale plan is an area of hardstanding to the side of the property, which offers space for car parking.
Tenure
The property is sold on a long leasehold.
Tenancy

The lease commenced in 2020 and expires on 6th May 2035. It notes an initial annual rent of £13,000 which has subsequently increased, as of 6th August 2023, to £1,208.33pcm, which equates to £14,499.96pa.

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 30TH JANUARY AND CLOSES ON WEDNESDAY 31ST JANUARY.

3. Energy Performance Certificate = D

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