Key Details

Property Description

A substantial stone built detached property with accommodation arranged over four floors. The ground and lower ground floors have been occupied for a number of years by an established Dessert Café and comprise to the ground floor, a well presented dining area and serving area, together with a kitchen / prep area, a customer WC and rear storage. The lower ground floor comprises an additional six store rooms.

Separately accessed via an external staircase to the rear of the property are three modern, self contained two bedroomed apartments which are arranged over the first and second floors. Each apartment is well appointed with modern kitchen and bathroom facilities and electric heating.

TENANCIES
14 Halstead Street
Let to an established independent Dessert Café by way of a 10 year Full Repairing and Insuring Lease dated January 2022, the rents are staggered as follows:
Years 1 & 2 £10,000 per annum
Years 3 & 4 £11,000 per annum
Years 5 to 10 £ 12,000 per annum

Flat 16 - Currently let to a private tenant on a 6 month Assured Shorthold Tenancy Agreement at a rent of £475 pcm

Flat 18 - Currently let to a private tenant on a 6 month Assured Shorthold Tenancy Agreement at a rent of £525 pcm

Flat 20 - Currently let to a private tenant on a 6 month Assured Shorthold Tenancy Agreement at a rent of £550 pcm

Gross Rental Income £28,600 per annum.


Location

The property is located just of Manchester Road, immediately adjacent to Burnley Manchester Road railway station and within a short drive from Burnley town centre. Junctions 10 & 11 of the M65 motorway are also within 2 miles distance.

Accommodation/Site investigation

14 Halstead Street
GROUND FLOOR
Dining / Seating area, counter, kitchen, WC and Storage 143 sq.m 1,548 Sq.ft

LOWER GROUND FLOOR
6 store rooms 114 sq.m 1228.2 sq.ft

FIRST FLOOR
Flat 16 - Living room / kitchen, 2 bedrooms, bathroom 52.6 sq.m 605.36 sq.ft.

Flat 18 - Living room / kitchen, 2 bedrooms, bathroom, ensuite bathroom - 82 sq.m 882.6 sq.ft.

SECOND FLOOR
Flat 20 - Living room / kitchen, 2 bedrooms, bathroom, ensuite bathroom - 63 sq.m 678.1 sq.ft







Services

The property has the benefit of mains electricity and water including duel air conditioning to the ground floor.

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.


Price/Rent

£385,000 (three hundred and eighty-five thousand pounds)

Legal costs

Each Party is to be responsible for their own legal costs incurred

• Location