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348 Bury Road
Bolton
Lancashire
BL2 6DD

FOR SALE

810 ft² (75.25 m²)

Freehold £190,000 For Sale

KEY FEATURES

  • Mixed use investment producing a gross rent of £21,612 per annum
  • Gross initial yield of 11.13%
  • Well established local ground floor occupier
  • Prominent location along Bury Road
  • Self contained flat
  • Business unaffected
  • 5 year lease from January 2022.

DESCRIPTION

The subject property is a income producing mid terrace premises with a separate self contained one bedroomed flat. The ground floor is well recognised local fish and chip shop (Paul's Chippy), leased to a private individual paying £14,560 per annum, for a period of 5 years from January 2022. The first floor flat is a self contained one bedroomed flat with a separate entrance to the rear of the property via a steel staircase. They are on a 12 month AST paying £587.67 per calendar month inclusive of all bills. The property produces a total gross income of £21,612.04 per annum.

Internally, the ground floor provide a large sales counter and servery area, with a large food preparation and cooking area. There is a W.C. and a lean to the rear which is used for storage. We have not inspected the first floor flat. Leases can be provided upon request.
Contact Photo

CONTACT

Kim Fletcher

01204 221030