Retail premises for sale

Colne Road, Earby BB18

Location

The property forms part of a parade, of similar retail units, and fronts onto Colne Road (A56) close to the centre of Earby. The parade includes a variety of local occupiers, such as Select & Save Convenience Store, Humble Pie Café, Jade Palace Restaurant, & Inspired Flooring. Nearby is a Coop Convenience Store.

On street parking is available to the front of the parade.
Description

The property comprises a retail unit, currently let, and used a as a kitchen showroom. There are also two one-bedroom maisonettes, approached from the rear, with an external yard/car parking area. The property is fully let, and producing a current gross rental of £17,919.07 pa, with opportunity for growth etc.
Accommodation

We have been provided with the following floor areas, by our client.

Ground Floor
Retail Area 106.73 sqm (1,149 sqft)

13a Colne Road (Maisonette)
First Floor 45.95 sqm (495 sqft)
Second Floor 22.41 sqm (241 sqft)

15a Colne Road (Maisonette)
First Floor 45.95 sqm (495 sqft)
Second Floor 22.41 sqm (241 sqft)

External
Small rear area for car parking
Services

The property benefits from the provision of mains electric, water and drainage.

Please Note: None of these services have been tested and prospective tenants are advised to satisfy themselves as to their condition and type.
Outgoings

We understand the property to be assessed for Uniform Business Rates as follows:-

Description: Shop and Premises
Rateable Value: £6,100
The Uniform Business Rate for 2025/2026 is 49.90 pence in the £.

Due to transitional relief provisions, the rates payable may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority as to the current rates liability.
The Residential parts of the property are assessed under a Council Tax Band A

lease/ASTs
The retail premises are let on a 10 year lease, from 1 July 2019 (expiring 30 June 2029) at a current passing rent al of £8,619.07 pa, subject to annual fixed increases of 1.25% of the rent. Flat 13a, is let on an AST at a passing rent of £350 pcm (holding over) & 15a, on an AST at a passing rent of £425 pcm (holding over)
Price

£215,000 Subject to Contract, and Subject to the occupational lease, and ASTs for the residential element.
Legal costs

Each party to be responsible for their own legal costs incurred in the transaction.
Energy performance certificate

The retail section has an EPC of B - 46
Flat 13a has an EPC of E – 40
An EPC for flat 15a has been commisioned
VAT

The property is not registered for VAT, and VAT will not be chargeable on the purchase price.
Anti-money laundering

In accordance with Anti-Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful purchaser