46-48 Glen Street, Colne, BB8

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.

DESCRIPTION

A substantial end terrace property of stone construction beneath a pitched slate roof. The property comprises of a ground floor lock up shop, previously occupied for a number of years as a convenience store, together with separate living accommodation to the first and second floors. Internally the ground floor shop comprises of an open plan sales area with a rear storeroom and WC facilities. The first floor living accommodation is separately accessed off Keighley Avenue and comprises five bedrooms, two reception rooms, kitchen, bathroom and WC facilities. Externally there is an additional yard to the rear.

The accommodation would be suitable for full residential conversion subject to obtaining the appropriate planning consent.

ACCOMMODATION

Ground Floor Sales Area

Store

Total: 94.25 sq. m (1014.53 sq.ft)

First Floor

Two Reception Rooms

Five Bedrooms

Kitchen

Bathroom and WC

Total: 119.82 sq. m (1289.79 sq.ft)

GIA: 214.00 sq. m (2303.79 sq.ft)

TENANCIES

A 7 year lease has in principal been agreed in respect of the ground floor shop at a passing rent of £4,200 p.a. Rent reviews are to be incorporated at 2 yearly intervals.

SERVICES

The property has the benefit of all mains services including gas central heating.

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.

BUSINESS RATES/ COUNCIL TAX

We are informed by the Valuation Office Agency Website that the ground floor shop has a Rateable Value of £4800 per annum (2017/18).

The first floor flat has a separate council tax banding - Band A.

PRICE

£97,950 (Ninety seven thousand nine hundred and fifty pounds).

LEGAL COSTS

Each party is to be responsible for their own legal costs incurred.

VAT

All prices quoted may be exclusive of but may be subject to VAT at the prevailing rate.

VIEWING

Petty Chartered Surveyors

Imperial Chambers, Manchester Road

Burnley, BB11 1HH

Tel. www.pettycommercial.co.uk