Investment Opportunity in Blackburn

Price: £290,000

 

  • Restaurant and flat currently fully let
  • Prominent main road position
  • Good rental income from the restaurant and flat at £22,800 p.a.
  • Renovated to a high standard
  • The business tenant is on a 15 year lease to 2030.

This main road investment opportunity is located in a prominent position at Redlam. Currently trading as an Indian restaurant at ground floor level, there is self contained accommodation at first floor level. This property achieves a rental income of £1900 p.c.m for both units. The whole property including restaurant and the accommodation have been renovated and decorated to a high standard. The restaurant is held on a long lease, with the current tenant paying £1350 p.c.m. The tenant in the accommodation pays £550 p.c.m. on a 12 month Assured Shorthold Tenancy. This tenant has been in occupation for 5 years.

Contact Thomas Shaw to arrange a viewing on 01254 53657, quoting reference RE012615