- FOR SALE - 7,426 sq ft restuarant / office investment
- Excellent location in Rawtenstall town centre
- 100 plus shared car parking spaces available on site
- Currently producing £110,000 pa on 10 year lease from March 2018
Price: £1,200,000 (Equating to net yield of 8.67% assuming purchasers costs of 5.67%)
The property is situated on the edge of Rawtenstall town centre in a prominent position on New Hall Hey Road, just off Bury Road. This is an established business district, close to Hardman's Mill Business Centre and Rawtenstall's railway station.
The building contains a mix of multi let offices on the upper floors and ground floor retail. The office suites are separately accessed and have been refurbished to a good standard throughout and include shared kitchen and WC facilities. The ground floor is occupied by the Fire Pit Restaurant, which is a good quality restaurant that has been trading since 2014. Floor plans are available on request.
The accommodation is arranged as follows:
|Ground Floor (Restaurant)||3,000 sq.ft.||280 sq.m|
|1st Floor (Offices)||1,950 sq.ft.||181 sq.m|
|2nd Floor (Offices)||2,476 sq.ft.||230 sq.m|
|TOTAL||7,426 sq.ft.||690 sq.m|
It is understood that all mains services are available to the premises.
Station House is let on FRI terms to The Village Stores (Helmshore) Ltd. (trading as Fire Pit Restaurant) for a period of 10 years from 1st March 2018 with no break clauses. The lease also benefits from a guarantor. Full details on request. The current rent passing is £110,000 per annum. Rent reviews in years 3, 6 and 9 of the lease. A copy of the lease is available on request.
An Energy Performance Certificate is available on request.
The property is understood to be held on a freehold basis.
£1,200,000 (Equating to net yield of 8.67% assuming purchasers costs of 5.67%)
Investment is available for immediate purchase
Each party to be responsible for their own legal costs.
STRICTLY THROUGH AGENTS Taylor Weaver (James Taylor) Telephone 01254 699030