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Commercial/investment Property - Rossendale For Sale

Rawtenstall, Lancashire, UK
Asking Price:
£349,950 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Freehold For Sale Includes 2 Bed Accommodation
Idyllic Town Centre Location, Close to Rawtenstall
100 Years Of Trading As Bakers and Confectioners
Spacious Two Bed Flat
Fully Equipped and Well Presented
Well Linked By M65 & M66
Potential For Three Income Streams
Ideal Investment/Business Opportunity
Viewing Recommended
EPC - D

REF 7371 – Freehold Commercial/Investment Property

Blacks Brokers are pleased to bring to the market this freehold commercial investment property located in the village of Crawshawbooth, Rossendale.

INTRODUCTION

530 & 532 Burnley Road are spacious properties split into three areas: two commercial shops and a first floor accommodation. The businesses here are a bowls shop which is operated by a tenant and a bakery/confectioners which was run by our client. This property offers a range of opportunities for a new owner with potential for up to three separate income streams dependant on a new owners requirements.

LOCATION

530 & 532 Burnley Road occupy a main road trading position within a parade of shops, residential properties and offices. The area is densely populated both residentially and commercially with neighbouring businesses including independent retailers such as takeaways, convenience stores and a local pub. There are also a number of large multiples nearby including Asda and Tesco. The area is well linked by the M65 and M66 with links to Burnley, Rawtenstall, Bury and more. Public transport links are excellent and parking is available immediately outside the property at the front and the rear.

REASON FOR SALE

Due to our client’s desire to retire after 23 years, the property is now offered for sale. This presents a range of opportunities for a new owner such as; reopening the once very successful bakery/confectioners shop as a hands on owner operator or rent this space out and have the entire property as an investment.

FINANCIAL DETAILS

The bakery ceased trading in November 2020. Previous takings for the businesses were (in 2019) annual turnover £118,373, gross profit £63,836 and net profit £45,512. This demonstrates a good amount of demand for businesses and shops in this area.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

These spacious properties occupy an enviable trading position in a highly sought after residential area of Crawshawbooth. Over the 23 years of running the bakery/confectioners our client had previously secured a strong customer base and exceptional reputation. An investor could choose to reopen the businesses and also live on site, or let all three areas of the property separately for maximum rental income. Early viewings are strongly advised.

Property Information

Property:

Freehold

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