* Freehold
**Key Points**
* Large commercial, retail mixed use, investment property for sale
* Large double shop with flat(S) above - 200sq. m
* Can make 2 flats on first floor - increase inestment income
* Great opportunity to optimise this property
* Long established business operating on ground floor
**Description**
Ainsworth Lord Commercial is delighted to be offering for sale this Mixed
Use/Retail Investment Opportunity in Mill Hill Blackburn.
Trading as a well established pet shop with excellent reputation and strong
following, the property is occupied by the owner who runs the profitable
business together with a small team of staff.
As he wishes to retire we are instructed to sell the property and the business
either as one or in two parts.
We are looking at the following 2 Options:
Option 1.
Sell the whole Property for £160k plus the business at £25k for a combined
price of £185k + Fixtures & Fittings plus stock at value.
Option2:
Sell the property to an investor, keeping the the business in situ on a lease
of £12k pa. The tenant of the ground floor business would only have use of the
ground floor. This would mean the investor could make improvements to one or
both of the former flats above the shops (with their own access), to generate
an additional income of £5 - 6k pa per flat. Bringing the total income for the
property to £22 - 24k pa.
Currently, the property comprises. . .
On the ground floor:
A double fronted/double shop namely 2 shops opened up into one by way of an
opening through one of the internal walls. The shop is currently trading as a
long - established Pet Shop with an excellent following and reputation. Our
client is happy to sell this property with or without a tenant operating the
business.
On the first floor:
We have separate former flats above each shop. The one on the left is used
purely for storage, whilst the other on the right is still a former flat being
used for other business purposes relating to the business on the ground floor.
Both flats are in need of refurbishment if they are to be brought back into
use and rented out on sensible rents. The rent achievable is directly related
to the standard of finish. We believe that each flat with separate accesses
will rent for approx. £500pcm.
We believe this is an attractive investment opportunity to deliver and
excellent return.
If you are interested in either of the options above please contact our office
today so we can enter discussions to get a deal done!
All viewings are to be arranged through ainsworth lord estates and are
strictly by appointment only.
Or. . .
Why not take A real look around the building withour materport virtual tour
right now. It's very impressive and the measurements are accurate to within 1%
Disclaimer -
Unless stated otherwise, these details may be in a draft format subject to
approval by the property's owners. Your attention is drawn to the fact that we
have been unable to confirm whether certain items included with this property
are in full working order.
Any prospective purchaser must satisfy themselves as to the condition of any
particular item and no employee of Ainsworth Lord Estates has the authority to
make any guarantees in any regard. The dimensions stated have been measured
electronically and as such may have a margin of error, nor should they be
relied upon for the purchase or placement of furnishings, floor coverings etc.
Details provided within these property particulars are subject to potential
errors, but have been approved by the vendor(s) and in any event, errors and
omissions are excepted.
These property details do not in any way, constitute any part of an offer or
contract, nor should they be relied upon solely or as a statement of fact. In
the event of any structural changes or developments to the property, any
prospective purchaser should satisfy themselves that all appropriate approvals
from Planning, Building Control etc, have been obtained and complied with.
**Viewings**
All viewings to be arranged through Ainsworth Lord Estates.
**Location**
Located in the center of Mill Hill

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