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34, Chorley Old Road, Bolton, BL1 3AE

Freehold retail & residential investment with a current rent reserved of £13,980 per annum
Location: 34 Chorley Old Road, BL1 3AE
Property type: Flat, Storage, General Retail, Residential, Industrial, Retail
Tenure type: For Sale Freehold
Tenancy type: Vacant,Investment
** UNSOLD – AVAILABLE AT £175,000 **


Location
The property is located in a prominent location fronting on to Chorley Old Road (B6226) close to the junction with Gaskell Street, the surrounding area is an established mixed use area. Bolton town centre is approximately 400 metres to the south east.

Description
Freehold retail & residential investment with a current rent reserved of £12,420 per annum, the property comprises a ground & first floor level double fronted retail unit trading as a barbers shop plus two self contained & separately accessed residential flats. The property includes a large cellar & rear lock up store room which are both vacant.

Accommodation
We detail below the following accommodation & floor areas taken from the VOA website:
Retail Unit
Ground & First Floor- Sales & Staff Areas- 122 sq m (1,313 sq ft)
2 x 1 bedroom flats with separate side entrance
Tenure
Freehold.

Planning
Interested parties should consult direct with the Local Planning Office, Bolton Metropolitan Borough Council, Town Hall, Bolton, BL1 1RU. Tel: 01204 333333.

Tenancy
The retail unit is let on a law society lease from 25th March 2018 until 29th June 2021 granted to an individual at a rent of £4,200 per annum. The lease has a tenants option to break in September 2019. Flat 1- Is let on an AST agreement at a rent of £300 pcm (£3,600 per annum) Flat 2- Is let on an AST agreement (holding over) at a rent of £385 pcm (£4,620 per annum)

Addendum
The total current rent reserved is £12,420 per annum.
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