Lot

Auction: April 2024 Online Auction 24/04/2024 - Bidding opens Tuesday 23rd April 10:00 AM

Ground Floor Retail Premises & Apartment, 6 Standish Street, Burnley, Lancashire, BB11 1AP

Available at

£130,000

Additional Costs / Fees will apply

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Property Details

Location

Description

A mixed-use property comprising a ground floor retail unit, with basement storage, and a 2 bedroom apartment on the upper floors. The ground floor offers approximately 53 sq m (571 sq ft) of open-plan retail accommodation with dual aspect frontage, feature lighting, and oak flooring. Most recently occupied by a clothing company, the retail unit and associated basement storage are now vacant. Arranged over the first and second floor is a substantial, 2 bedroom apartment which is let on an AST detailing an annual rental income of £6,000.

Location

The property is located at the bottom of Standish Street, close to the entrance to Charter Walk Shopping Centre. The building has superb frontage to both the front and rear of Standish Street, nearby to occupiers such as Next, Home Bargains and the Halifax Bank. Strong transport links are provided by the nearby A679, A682, and M65, as well as Burnley Central and Burnley Manchester Road stations.

Accommodation

Description	Use	Floor areas
Ground Floor Front Sales Rear Sales	Retail	29.6 sq m (318.6 sq ft) 23.4 sq m (252.2 sq ft)
Basement Front Section Rear Section	Storage	25.8 sq m (278 sq ft) 13.5 sq m (145.3 sq ft)
First Floor Living Room Kitchen	Apartment	14 sq m (151.2 sq ft) 8.1 sq m (87.4 sq ft)
Second Floor Bedroom 1 Bedroom 2 Bathroom En-suite Bathroom	Apartment	13 sq m (141 sq ft) 12.7 sq m (137.5 sq ft) 9.5 sq m (103 sq ft) 5.4 sq m (58.5 sq ft)
Total		155 sq m (1,672.7 sq ft)

The above floor areas have been measured by our joint agent on a gross internal basis and are approximate.

Tenure

The property is sold freehold.

Planning

The property may be suitable for alternative uses. Buyers are directed to Burnley planning department for any planning enquiries: [email protected], 01282 425011.

Tenancy

The apartment is sold subject to an assured shorthold tenancy agreement detailing a passing rent of £6,000 per annum. The tenant has occupied the property since 2014, with the last rent review being in 2015.

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 23RD APRIL AND CLOSES ON WEDNESDAY 24TH APRIL.

3. Energy Performance Certificate = C-D.

4. The property has a current rateable value of £7,900 (for the ground floor and basement).

5. Number 6 and 8 Standish Street are built over a culvert spanning the river below. A structural survey was jointly arranged by the separate owners of number 6 and 8. This identified that the general condition of the culvert is good, but a routine maintenance / repair programme is needed. The cost of maintaining the structure is a 50/50 joint liability with the owners of number 8.