Investment Available

46 - 48 Glen Street, Colne, Lancashire

£160,000

Available

Key Details

Status

Available

size

1,888

property type

Investment

type

Commercial For Sale

Property Description

A substantial end parade property of stone construction beneath a pitched slate roof. The property comprises of a recently renovated ground floor lock up retail premises, together with separate living accommodation to the first and second floors. The first floor living accommodation is separately accessed off Keighley Avenue and comprises of a fully fitted open plan living kitchen and bathroom and 4 bedrooms on the first floor with 2 further large rooms on the second floor.

Externally there is an additional yard to the rear.


Location

The property is situated on Glen Street which is in close proximity to North Valley Road (A6068), the main arterial road between East Lancashire and Yorkshire. The property is also within a short distance from Colne town centre, with North Valley retail park being immediately opposite. The property is within 1 mile of junction 14 of the M65.


Accommodation/Site investigation

Ground Floor
Retail sales 69.86 sq.m (752 sq.ft)
Stores / WC 13.38 sq.m (143 sq.ft)

First Floor
Room 1 12.42 sq.m (134 sq.ft)
Room 2 7.81 sq.m (84 sq.ft)
Room 3 15.00 sq.m (161 sq.ft)
Room 4 5.99 sq.m (64 sq.ft)
Lounge/Kitchen 19.65 sq.m (211 sq.ft)
Bathroom 4.68 sq.m (50 sq.ft)

Second Floor
Room1 4.19 sq.m (134 sq.ft)
Room 2 4.30 sq.m 154 sq.ft


Services

The property has the benefit of mains electricity, with PAS and each room is separately metered.

Services responsibility

It is the prospective purchaser's responsibility to verify that all appliances, services and systems are in working order, and are of adequate capacity and suitable for their purpose.


Planning

It is the prospective purchaser's responsibility to verify that their intended use is acceptable to the local planning authority.

The first and second floors have been extensively refurbished with re-plastering, decoration and upgraded bathroom and fitted kitchen. The accommodation is ideal as flats or for multiple occupation.


Price/Rent

£160,000 ONO (one hundred and sixty thousand pounds)

Additional Information

Income
The ground floor retail is let on a 2 year lease paying £500 pcm this is due to increase after year one.

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Listing Details

Last Updated

Wednesday, 23 Nov, 2022