Market Street, Farnworth, Bolton, BL4

Asking Price
£850,000
Commercial Property

Key Features

  • Substantial 3 Storey Commercial Investment Opportunity
  • Prime Corner Position In The Heart Of Farnworth
  • 8500sqft Approx.
  • Potential Total Income £102,960
  • Potential Gross Yield Over 12%
  • Versatile Space Throughout To Suit Many Businesses
  • High Rental Demand
  • Potential For Strong Capital Growth
  • Great Location For Bolton & Manchester
  • Ideal Property Investment For Rapid Portfolio Expansion

POTENTIAL GROSS YIELD OVER 12%!! Currently Generating £81,760per annum Potential Gross Rental Income £102,960pa Fully Let Mr Investa are pleased to offer this exceptional 8,500sqft approx. commercial property over 3 floors, presenting a unique investment opportunity in the heart of Farnworth, Bolton. Occupying a substantial corner plot position, on Farnworth's busy high street boasting spacious and versatile space, this would make a fantastic addition to buyers looking to expand their investment portfolio. Due to the central location and high rental demand in the area, there is great potential for capital appreciation making this a superb investment for landlords looking to rapidly expand their property portfolio. Ground Floor approx. 2000sqft: Little Boppers £300pw/£15,600pa A well established baby clothes retail shop with prominent window display areas, changing room, back office and various store rooms, kitchen and WC. 500sqft: Sj's Hair & Beauty £180pw/£9,360pa A beauty salon with a good local client base for regular clients to receive all aspects of beauty treatments with kitchenette and WC. Lower Ground Floor approx. 2500sqft: Underground £500pw/£26,000pa A renowned nightclub, popular with local residents and well managed by the business owner. Open space with bar area, cellar, WC's and store rooms. First Floor approx. 3500sqft: Multiple offices and boardroom fully let would produce an income of £1000pw/£52,000pa. 5 of the 9 offices are let by accounting/finance business professionals totalling £30,800pa and the remaining 4 offices are vacant which could potentially produce an additional rental income of £21,200pa. Communal hallways, kitchen and WC's. Current Annual Revenue: £81,760 per annum Current Gross Yield: 9.6% Potential Annual Revenue: £102,960 per annum Gross Yield: 12.1% Tenure: Leasehold 999 years NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.

Financial Performance

  • Gross Rent
    £102960
  • Gross Yield
    12.10%

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