99 Bank Street, Rawtenstall, BB4 7QN

LOCATION

Bank Street is the main shopping thoroughfare within Rawtenstall town centre; there is some through traffic along the cobbled street and it retains many original features. Rawtenstall is a thriving town and a popular residential location being within easy commuting distance from Manchester. The investment is situated at the end of Bank Street close to its junction with Newchurch Road and opposite a free car park.

DESCRIPTION

A double fronted property that is of stone construction with a pitched roof. The property currently of Number 99 Bank Street, occupied by Mannings Bakers which includes a sales area, together with preparation and stores to the rear and additional basement storage. Number 95-97 is occupied by Luvinit selling household furniture and goods.

On the first floor there are two apartments, one which needs a full conversion, the other was extensively refurbished within the last 18 months and comprises of a substantial three bedroomed apartment with generous reception, open plan and fully fitted kitchen with dining area, lounge with storage cupboard off and cloakroom. There are three bedrooms, the master having an en-suite and dressing room and a substantial bathroom.

TENANCIES

95-97 Bank Street

Occupied by Luvinit by way of a 6 year lease from 08/09/2018, rent £10,500

97a First Floor Apartment

Let by way of a six month AST from 21.04.18 rent £750 pcm. (£9,000 pa)

99 Bank Street

Occupied by Mannings Bakery by way of a 5 lease, from 1/12/2016 with a 3 year break option. Rent £11,150 p.a

GROSS INCOME

£30,650p.a

SERVICES

We are advised that all main services are either available or within close vicinity to the premises.

PLANNING

Interested parties must satisfy themselves that the current uses fall within the appropriate planning consent.

REPAIRS

The landlord is responsible for the exterior of the property with the tenant being responsible for the interior.

PRICE

Offers over £395,000 (Three hundred and ninety five thousand pounds).

LEGAL COSTS

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

EPC

An Energy Performance Certificate is available upon request.

VAT

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

VIEWING

Viewing strictly by appointment

Petty Chartered Surveyors

Imperial Chambers, Manchester Road

Burnley, BB11 1HH

Tel. www.pettycommercial.co.uk