Investment Property In Farnworth For Sale

Name: Investment Property In Farnworth
Address: GB

Farnworth, UK

Asking Price:: £120,000

Turnover:: Undisclosed

Net Profit:: Undisclosed

Rent £10,920 per annum
Full repairing and insuring terms
Let to operator as Hot Food Takeaway
The current tenant is on their 2nd lease having occupied the property since 2018
7 year lease from 16th October 2024
3 yearly rent reviews
Nearby very busy main road and motorway, close to businesses, public transport links and residential dwellings

*Under section 21 of the Estate Agent Act 1979, we hereby declare a personal interest in the freehold property. The Directors of the company who own this property are members of this firm.
TITLE: GM------
In accordance with Anti-Money Laundering Regulations proof of identification, residence and confirmation of the source of funding will be required from the purchaser.

Property Information

Property:: Freehold

Location:: This property is located within the town centre of Farnworth. It is situated besides nearby a very busy main road and motorway and is surrounded by many other businesses, public transport links and residential dwellings. Farnworth is a town in the Metropolitan Borough of Bolton, within the historic county of Lancashire. Farnworth lies on the River Irwell and River Croal and according to the 2011 Census, it had a growing population of 26,939.
Bolton is a town in Greater Manchester in England. In the foothills of the West Pennine Moors, Bolton is located between Manchester, Blackburn, Wigan, Bury and Salford.

Premises Details:

The entire property is currently let to an owner operator and trading as busy takeaway and let on a 7 year lease from 16th October 2024 on full repairing and insuring terms, with 3 year rent reviews with an annual rent £10,920 per annum. The tenant has occupied the premises since 2018.

The premises provides ordering area, service area, kitchen, preparation room and exit to yard & storeroom. Stairs leading to preparation room and 1st floor providing 2 large rooms and bathroom.

Floor Areas:
(from Government Business Rate Valuation Office)

Description: Area m²
Ground floor retail zone a 19.1
Ground floor retail area 18.3
Ground floor kitchen 12.5
First floor internal storage 33.4

Total 83.3