Property details for Retail And Residential Portfolio, Rawtenstall Town Centre Investment, Retail

Size: 600 - 5,319 Sq Ft

Use: Investment Retail

Price: £900,000 for the Freehold

FOR SALE - £900,000 plus VAT

Prominent mixed-use investment in the heart of Rawtenstall town centre

7 Tenancies Across 3 Buildings

Net income of £78,040 per annum

Opportunity for active asset management and future rental growth

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About the property

Location

PROPERTIES INCLUDED IN THE SALE

The investment comprises a portfolio of four mixed-use properties within Rawtenstall town centre, incorporating both commercial and residential accommodation:

- 24 & 24A Kay Street, Rawtenstall, BB4 7LS
- 3A & 3B Bank Street, Rawtenstall, BB4 6QS
- 73 & 73A Bank Street, Rawtenstall, BB4 7QN
- 4 Baldwin Buildings, Rawtenstall, BB4 7QN - comprising the second-floor accommodation above 73/73A Bank Street

The properties are centrally positioned within Rawtenstall, an established market town in the Rossendale Valley, Lancashire. Bank Street is one of the town centre's principal commercial thoroughfares and is characterised by a varied mix of independent retailers, cafés, restaurants, professional services and other established businesses.

Kay Street and Baldwin Buildings are situated within the same central area, creating a well-located and conveniently grouped investment portfolio. The combination of commercial and residential accommodation provides a diversified town-centre investment, benefiting from immediate access to Rawtenstall's retail, leisure and everyday amenities.

Description

The property comprises an attractive mixed-use investment opportunity in the heart of Rawtenstall, incorporating a combination of ground-floor commercial accommodation together with residential apartments above. The accommodation is arranged across Bank Street, Baldwin Buildings and Kay Street, providing a diversified investment with income derived from a number of separate commercial and residential occupiers.

The commercial element includes units at 73 Bank Street, 3A Bank Street and 24 Kay Street, with the commercial leases with the residential accommodation separately let, providing an additional stream of rental income alongside the commercial premises.

Overall, the portfolio represents an opportunity to acquire a substantial town-centre investment with a diversified tenant profile and multiple income streams. Its combination of commercial and residential accommodation, together with the various lease expiry dates, provides an incoming purchaser with an established rental investment whilst offering opportunities for active asset management and future rental growth, subject to the individual occupational agreements.

Accommodation Text

The various sizes of each of the elements of the properties available on request.

Services

All the properties have all mains services connected and each of the tenants are responsible for payments of their own facilities which are separately metered.