Lot 54
    Mixed Use
    15-15A Market Street & 2 Lord Street
    Bacup, Lancashire, OL13 8EX
    Sold after auction for an undisclosed amount
     
    Number 1
    A Commercial & Residential Investment Producing £13,300 per annum

    Tenure

    Freehold

    Location

    The property is situated amongst the shops and amenities of Market Street. Nearby multiples include Morrisons, Santander, Lloyd's Pharmacy and local established traders. Transport links are provided by the A646 with links to Rochdale to the south and Burnley to the north.

    VAT

    VAT is not applicable

    Description (2nd Column)

    The property comprises a ground floor shop with two self-contained flats above (two x two beds) situated within a mid terraced building arranged over ground and two upper floors. Both flats have been recently refurbished.

    Viewing Details

    Thursday 22nd September 09:00-09:30

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Terms of Tenancy Current Annual Income
    15 Market Street Ground Shop Area Let on a commercial lease (holding over) at a rent of £100 per week £5,200
    2 Lord Street First Two Bedroom Flat Let on an AST (holding over) at a rent of £325pcm £3,900
    15a Market Street Second Two Bedroom Flat Let on an AST (holding over) at a rent of £350pcm £4,200
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    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

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