53 Bank Street, Rawtenstall, Rossendale, Lancashire, BB4 7QN
£202.81 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
641 sq ft
60 sq m
- SECTOR
Commercial property for sale
Description
The property is situated in the prime shopping area of the small town of Rawtenstall which is located 10 miles north of Bury and 12 miles south of Burnley. Population 23,682 (2001 Census). Occupiers in the immediate vicinity include Boots, Asda, Nat West, Bet Fred, Barclays to the south west. Opposite Greggs and to the north a number of estate agents, travel agents, restaurants and the revitalised Market (Thursday, Friday, Saturday) with street food and indoor seating (Thursday, Friday, Saturday and Sunday).
Description
The property is a 2 storey, freestanding building constructed of stone walls under a flat asphalt covered roof. It was originally constructed in the 1930's. It currently trades as Spex.
Tenure Comments
A new 10 year FRI lease has been agreed with the Tenant at a rental £10,500 pa for the first 5 years rising to £11,500 pa thereafter. The property is Freehold.
Price
£130,000 equating to Gross Initial Yield 8%
Income: £10,500 pa for the first 5 years and £11,500 pa thereafter
Brochures
53 Bank Street, Rawtenstall, Rossendale, Lancashire, BB4 7QN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Accrington Station4.9 miles
- Huncoat Station5.4 miles
- Church & Ostwaldwistle Station5.4 miles
About Fifield Glyn Limited, Cheshire
1 Royal Mews, Gadbrook Park, Rudheath, CW9 7UD
Notes
Disclaimer - Property reference 61FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fifield Glyn Limited, Cheshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.