Commercial property for sale in Burnley Road, Rossendale BB4

£349,950
Commercial property for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • Freehold For Sale Includes 2 Bed Accommodation
  • Idyllic Town Centre Location, Close to Rawtenstall
  • 100 Years Of Trading As Bakers and Confectioners
  • Spacious Two Bed Flat
  • Fully Equipped and Well Presented
  • Well Linked By M65 & M66
  • Potential For Three Income Streams
  • Ideal Investment/Business Opportunity
  • Viewing Recommended
  • EPC - D

Property description

Ref 7371 – Freehold Commercial/Investment Property
Blacks Brokers are pleased to bring to the market this freehold commercial investment property located in the village of Crawshawbooth, Rossendale.


Introduction


530 & 532 Burnley Road are spacious properties split into three areas: Two commercial shops and a first floor accommodation. The businesses here are a bowls shop which is operated by a tenant and a bakery/confectioners which was run by our client. This property offers a range of opportunities for a new owner with potential for up to three separate income streams dependant on a new owners requirements.


Location


530 & 532 Burnley Road occupy a main road trading position within a parade of shops, residential properties and offices. The area is densely populated both residentially and commercially with neighbouring businesses including independent retailers such as takeaways, convenience stores and a local pub. There are also a number of large multiples nearby including Asda and Tesco. The area is well linked by the M65 and M66 with links to Burnley, Rawtenstall, Bury and more. Public transport links are excellent and parking is available immediately outside the property at the front and the rear.


Reason for sale


Due to our client’s desire to retire after 23 years, the property is now offered for sale. This presents a range of opportunities for a new owner such as; reopening the once very successful bakery/confectioners shop as a hands on owner operator or rent this space out and have the entire property as an investment.


Financial details


The bakery ceased trading in November 2020. Previous takings for the businesses were (in 2019) annual turnover £118,373, gross profit £63,836 and net profit £45,512. This demonstrates a good amount of demand for businesses and shops in this area.


Business rates


Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


These spacious properties occupy an enviable trading position in a highly sought after residential area of Crawshawbooth. Over the 23 years of running the bakery/confectioners our client had previously secured a strong customer base and exceptional reputation. An investor could choose to reopen the businesses and also live on site, or let all three areas of the property separately for maximum rental income. Early viewings are strongly advised. Business & Property: £349,950.

Please quote ref: 7371

Business Accommodation

Building layout and design

530 & 532 Burnley Road are large end terraced and mid terraced properties with two businesses on the ground floors. Number 532 was a successful bakery once ran by our client but closed in November 2020 and number 530 is currently rented out. There is also a large flat on the first floor. The business space within the ground floor could be utilised as one very large unit or as two smaller units as per the current set up.

The bakery/ confectioners is well presented with a servery/counter area to the front of the shop and bakery preparation room to rear along with large storage room. The bakery is still set up and fully equipped meaning a new owner could potentially reopen the old business with immediate effect. The bakery has direct access to the first floor flat.

The bowls shop can be accessed externally and currently has a tenant in place. A new owner could keep the tenant in place to continue generating rental income or alternatively could use the property themselves combining both shops together for one larger premises.

The first floor accommodation has its own entrance to the rear but can also be accessed via the bakery. The accommodation comprises of two large double bedrooms, family bathroom, large kitchen, dining room and spacious lounge. There is an enclosed yard to rear, a shed, and an outside toilet.

Fixtures & Fittings

All bakery equipment included in cost of sale including:

Glass display counters

Shelving & racking

Hobart mixer

Double deck commercial bakery oven

Mixers

Hand tools

Arrange Viewing

For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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