This property has been taken off the market.

3 Bed House For Sale Rosegrove Lane, Burnley, BB12

£140,000

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Last Updated: 13th May 2024

Description

Located in a prime location with easy access to motorway links and the Rosegrove train station connecting to Manchester, this property presents a lucrative investment opportunity with its fully tenanted commercial and residential spaces.

The commercial space on the ground floor houses a vibrant barber shop. Upon entry, clients are greeted by a modern interior featuring sleek furnishings. The spacious layout includes designated areas for haircutting, a comfortable waiting area, and a stylish wash basin for clients' convenience. Adjacent to the main area is a separate room designated for tanning services, providing an additional revenue stream for the business. Additionally, a well-appointed toilet and wash basin ensure facilities are readily available for both customers and staff.

The ground floor also is a one-bedroom flat.. The living space boasts an open-plan layout seamlessly integrating the living area and kitchen, equipped with fitted units featuring an electric oven, hob, and extractor hood. The bathroom is fitted with a modern three-piece suite comprising a WC, hand wash basin, and a quadrant shower,

Ascending to the first floor, tenants are welcomed into a spacious two-bedroom flat spanning the length of the property. The open-plan kitchen and living room exude modern elegance, featuring white gloss units arranged in a horseshoe layout, complemented by gas central heating. The kitchen is well-appointed with all the necessary appliances. The accommodation comprises two generously sized bedrooms, providing ample space, the three-piece bathroom is elegantly appointed with a WC, hand wash basin, and a luxurious P-shaped bath complete with an overhead shower.

With its sought-after location and fully tenanted commercial barber shop and flats, this property presents an attractive investment opportunity for discerning investors looking to capitalize on a thriving rental market. The property provides a 95+ yield earning over £15,000 per annum.
Agent Details
Farrar & Forbes Estate Agents
Covering Colne

Investment Analysis

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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Potential Return-on-Cash Invested