Bolton Road West, Ramsbottom, Bury
3,996 Sq Ft
£650,000
Property Features
- Ideal Opportunity For Commercial Investors & Developers
- Income Producing £40,200 Per Annum
- Side Street Parking Close-By
- Potential For Conversions, Subject To Planning
- Close To The Retail Centre Of Ramsbottom
Property Summary
Charles Louis Commercial Agents are excited to welcome to the market this leasehold, commercial property, located a short distance from Ramsbottom town centre.
The premise set over three storeys. a basement used for storage accessed from one of the ground floor tenants, with a ground floor split into 2 units (accounting business & barbers) and first floor currently used as a open plan dance studio.
The property is sold with tenants in situ and only becoming available for sale as the current landlords other business commitments mean they wish to focus on other projects.
Thanks to its size, prominent busy main road prominent location and multiple tenants, this would be ideal for a commercial investor or commercial developer to acquire, as this offers great potential for investment or potential conversions, subject to planning permissions.
Existing Leases
All 3 tenants are on a rolling lease at present, with new, longer leases to be arranged by the incoming purchaser
Rental Income
Please be advised the rental income is currently £36,204 and increases to £40,200 from 1st may 2025
Rates
According to the Valuations Office Agency (VOA) 10 Bolton Road West has a current rateable value of £7,000.
There is no record for the units 8 or 8a & 10a Bolton Road West.
VAT
We are advised that these premises are not elected for VAT and therefore VAT will not apply to the purchase price.
Legal Costs
Each party to be responsible for their own legal costs in the transaction.
EPC
An EPC is in the process of being commissioned.
Total Approximate Sq Ft: 3,996
The premise set over three storeys. a basement used for storage accessed from one of the ground floor tenants, with a ground floor split into 2 units (accounting business & barbers) and first floor currently used as a open plan dance studio.
The property is sold with tenants in situ and only becoming available for sale as the current landlords other business commitments mean they wish to focus on other projects.
Thanks to its size, prominent busy main road prominent location and multiple tenants, this would be ideal for a commercial investor or commercial developer to acquire, as this offers great potential for investment or potential conversions, subject to planning permissions.
Existing Leases
All 3 tenants are on a rolling lease at present, with new, longer leases to be arranged by the incoming purchaser
Rental Income
Please be advised the rental income is currently £36,204 and increases to £40,200 from 1st may 2025
Rates
According to the Valuations Office Agency (VOA) 10 Bolton Road West has a current rateable value of £7,000.
There is no record for the units 8 or 8a & 10a Bolton Road West.
VAT
We are advised that these premises are not elected for VAT and therefore VAT will not apply to the purchase price.
Legal Costs
Each party to be responsible for their own legal costs in the transaction.
EPC
An EPC is in the process of being commissioned.
Total Approximate Sq Ft: 3,996
Full Details
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