Business for Sale in the popular Lancashire town of Leyland. Property Freehold Investment

Key Information

Reference

INV35855NW

Tenure

Freehold

Status

Under Offer

Region

Lancashire

Sector

Investment Properties

Rent Payable

Nil

Business Rates

Nil 100% rate relief for commercial business.

Accommodation

No

Business Information

Fantastic Investment rental property boasting a 10.9% Yield. Two modernised apartments with separate entrance plus a substantial commercial shop premises combined. Apartments and shop are currently fully tenanted with the commercial shop on a renewed 15 year lease with a rental review period in place. The premises are in a central location in the popular Lancashire town of Leyland. Good access to local amenities, public transport, road and rail links all within close proximity. This is a rare opportunity to add to a existing portfolio or a great starting point for any investor. Briefly comprising : Ground floor front : Entrance to main substantial open plan shop with good main road presence, counter and storage lock up. Currently on renewed lease at £800 pcm with existing tenant with thriving Off licence store which has been operating for a number of years. To the rear of the property : Access by communal entrance and stairwell to 1 & 2 double bedroom apartments with spacious living areas, modern kitchen and bathrooms. Upvc double glazing and gas central heating. Fully tenanted with a £450 and £475 rental. This is a early retirement sale having owned and worked the premises since 2005. Viewings strictly by appointment.