White Ash Lane, Garage T/A Hyndburn Motor Service & Derelict Cottage, Oswaldtwistle Commercial Property For Sale

£98,950

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Monthly repayments £0
Total cost of mortgage £0
LTV 85%
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  • Investment opportunity
  • Income producing
  • Believed freehold subject to tenancies.
  • Current income ?11,000 per annum plus potential to gain income from the cottage.

Property Description

This complex of buildings is income producing. The garage is let to a tenant who has been in occupation for over 30 years. Adjacent to the garage is the entrance door leading to two first floor studios which are also rented out. The cottage shown on the attached photo is in need of complete renovation but offers an opportunity to convert to commercial or residential user subject to planning consents being obtained. This investment is also a builders project with works to be done and would ideally suit a builder or developer. Cash buyers only.

Accommodation Ground Floor - Garage 18.3m x 8m with toilet and office (1575 sq ft). T/A Hyndburn Motor Services. Studio Flat 1 & 2; Each studio is serviced off a central landing. Living area/bedroom/kitchen. There are shared toilet and shower facilites. There is no gas in the studios. Electricity prepayment meters are installed Cottage; Comprises a one up and one down stone building which would make an ideal office. Ground Floor; 3.5m x 4.7m First Floor; 3.5m x 4.7m Total 354 sq ft

Rents Garage; Is rented at ?100 per week on an informal tenancy ?5,200 p.a Cottage; Vacant Studio Flat 1; ?250 pcm Studio Flat 2; ?250 pcm EPC Rating; Both E for the flats. Garage and Cottage are non commissioned properties. Services; All mains services are connected

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Property Reference: BNC1WHITEASH

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Fee Information

The advertised rental figure does not include fees.