Higher Church Street, Blackburn, Lancashire, BB2

Property Details: • Type: 1,302 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Mixed-Use Investment Opportunity • Upper Floors Currently let producing £22,740 per annum • Current Annual Rental Yield of 13% without Ground Floor Let • Estimated Annual Rental Yield of 21% Based on Total Rental Income of £37,000 • Approx. GIA Total Floor Area 1,302 sq. ft. (121 sq. m) • Prominently Located on Busy Main Road Frontage of Blackburn Town Centre • Suitable for Wide Range of Commercial Applications • Freehold

Location: • Nearest Station: Blackburn Station • Distance to Station: 0.2 miles

Agent Information: • Address: Prospect House Featherstall Road South Oldham OL9 6HT

Full Description: A mixed use retail/residential property occupying a prominent location in the heart of Blackburn. The property is located on Higher Church Street, adjacent to one of the entrances to The Mall and also to Lloyds Bank. Higher Church Street is a busy thoroughfare and typical occupiers on the street are local independent operators, such as beauticians, vaping shops and long-standing pubs with good levels of footfall down the street.

The property itself comprises a 3/4 storey stone building with a retail unit on the ground floor, and three bedroom residential flat to the upper floors. The property is fully tenanted with the ground floor rented as a convenience store. The shop and flat each have their own independent access externally but can also be accessed from each other internally.

Internally, the retail unit has laminate flooring, paneled walls and a suspended ceiling, incorporating covered LED lighting. The retail unit also benefits from built in speakers and vents into the ceiling. There are steps down to the basement level, which provides two rooms with laminate floors, painted walls and fixed bulb lighting. There is also a WC/sink and access to the rear area. To the rear of the basement is a small concrete yard for storage.

The flat can be accessed via an internal staircase from the retail unit or from the rear of the property via a concrete staircase. The flat has an entranceway, up to a large open plan lounge/dining area/kitchen. The second and third floors provide three good sized bedrooms. There is a bathroom to the second floor, with double open shower, WC, sink and a large bath with jacuzzi/whirlpool functions (un-tested).

Accommodation: Approx. GIA Total Floor Area 1,302 sq. ft. (121 sq. m)

Basement: 152 sq. ft. Ground Floor: 398 sq. ft. First Floor: 242 sq. ft. Second Floor: 231 sq. ft. Third Floor: 279 sq. ft. Construction Material: Sandstone or limestone, as built, no insulation (assumed)

Tenure: Freehold. Title No. LA106885

Purchase Price: Offers in excess of £165,000.

Energy Performance Certificate: Band C-74. Certificate available upon request.

Rateable Value: The 2023 Rateable Value has been assessed at £6,500. We advise any interested parties to make their own enquiries.

Services: The property is connected to the mains drainage, water and electricity. Legal Fees: The purchaser will be responsible for the vendors legal expenses, please call to discuss.

Anti-Money Laundering: In accordance with Anti-Money Laundering Regulations, we require two forms of Identification and confirmation of source of funding from all Purchasers.

Viewing: Please contact sole agents Portfolio Properties.Energy Performance CertificatesEPC 1