Property description

Ainsworth Lord Estates are delighted to be offering for sale this ATTRACTIVE INVESTMENT OPPORTUNITY.

So much so, we expect strong interest in this one and are confident we will have a buyer very soon.

Make sure it's you!





What we have here is a corner shop premises with separate flat above. The occupant of the shop is willing to sign a new 3 year lease for the new owner. The flay above has rented to the current tenant for the last 6 years and is quiet happy to stay on.



Current rents are delivering a yield in excess of 10% and there is scope to increase the rent on the flat above the shop.



FLAT:



This one-bedroomed flat has it's own access via a door on the side of the building, on Greenway Street.

Whilst we don't have any pictures, we have inspected the flat and can say it is in good condition, with a new kitchen having been fitted recently. The bathroom is also in good condition.

Rented at £60 per week.



SHOP:



The shop is situated in a good spot, on the corner of Argyle Street and Greenway Street.

The shop has been occupied by the current business for in excess of 10 years. The owner is retiring and the business being carried on by his son who has worked in the business for many years. He is willing to sign a new 3 year lease for the new owners and more than willing to pay a commercial rent of £75 per week.



The layout of the shop is typical for this type of building:



A front Showroom/Sales Office (measuring approx 4m x 5m)

Rear Store Room (measuring approx 3.6m x 5m (which accesses the garage at the rear (would probably have been the back yard originally). The garage has drive in access from Greenway Street. (measuring approx 4.6m x 5.2m)

There is a separate WC in the rear store room.



The property appears to be in pretty good condition and appears to have been well maintained by the current owner. The rear store room will require some cosmetic attention when it becomes vacant.



In our opinion this property would make an ideal investment opportunity for a hands-off investor looking for an attractive yield. We also expect properties in this area to appreciate in value in the short to medium term.





Whilst we expect this property will probably be bought by a Cash Buyer, should you require finance to make this purchase our in-house financial advisor would be happy to assist with this.



We are also happy to be retained as the managing agent, offering the peace of mind sought by many investors.



If you are looking to sell a property in order to make this purchase we are happy to offer a free market appraisal on your property - without any obligation.



Our Part-Exchange Partners may be able to purchase your property without the need for a drawn out sale, and can offer a 7 day exchange with completion within 28 days and cover any agents and legals fees.



If you would like to view this property, please bear in mind the flat is tenanted and getting access isn't always possibly, but we will do our best. (We don't expect this to be a problem). Accessing the shop is not a problem at all as we hold a set of keys.



Given this is an ideal investment that is realistically priced, we expect interest in this property to be high.

Note we have priced this at offers over £65k. and ask you to respect this by refraining from making us silly offers. We have very clear instructions from our client on what price he is hoping to achieve and we are very confident we will exceed his expectations.



ALL VIEWINGS ARE TO BE ARRANGED THROUGH AINSWORTH LORD ESTATES LTD AND ARE STRICTLY BY APPOINTMENT ONLY.



NOTE: WE are the only agent in Darwen that is open 7 days a week, weekdays til 8pm, so booking your appointment is easy.



ALSO, PLEASE BE ADVISED THAT WE HAVE NOT TESTED ANY APPARATUS, EQUIPMENT, FIXTURES, FITTINGS OR SERVICES AND SO CANNOT VERIFY IF THEY ARE IN WORKING ORDER OR FIT FOR THEIR PURPOSE.













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