, 73 Bank Street & 4 Baldwin Buildings, Rossendale, BB4 7QN

Available
Let
UNDER OFFER - 1 x Town Centre Retail and 2 x Residential investment
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Tenure
For Sale
Type
Residential Flat
Location
Rossendale
Size
1200 - 6000
Rent (p/m)
Description
UNDER OFFER - 1 x Town Centre Retail and 2 x Residential investment

Investment details

73 Bank Street (Ground floor Retail) - Let to a sole trader on a lease expiring March 2028. Tenant only option to break March 2024 & 2027. Upward only rent review March 2024 & 2027. Producing £12,000 per annum. 73a Bank Street (Residential) - Let on AST producing £6,000 per annum. 4 Baldwin Buildings (Residential) - Let on AST producing £5,400 per annum.

Rating

As published by the VOA online, the ground floor has a rateable value of £9,700 however this is the responsibility of the tenant and they benefit from small business rates relief.
Location
Rawtenstall is an established market town in the Rossendale Valley, with excellent access to the Greater Manchester conurbation and the East Lancashire towns of Blackburn, Accrington and Burnley via the A56, which connects to the motorways to the north and south. The properties are located on Rawtenstall main high street so footfall past the shop is high. Parking is available on the street outside the premises and there is also a large public car park to the rear.
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