41-47 Burnley Rd | Burnley BB12 8BY
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41-47 Burnley Rd
Burnley BB12 8BY
Retail Property For Sale
Investment Highlights
- Fully let investment property
- Over 9.5% yield
- Character town centre building, extensively refurbished and in excellent condition
Executive Summary
Former Banking Hall that has been converted into offices, a salon and two adjoining shop units. There is also a large second floor flat. The building is of traditional construction with stone elevations to the front and side beneath mainly pitched slate covered roofs. The property is laid out on three floors plus basement and divided to provide ground floor offices / ground floor salon within the former banking hall, adjacent double shop, upper floor offices together with second floor flat.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
4,310 SF
Building Class
B
Year Built
1901
Price
$769,921 CAD
Price Per SF
$179 CAD
Cap Rate
9.50%
NOI
$73,142 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.65
Land Acres
0.06 AC
Frontage
78 ft on Burnley Rd
Amenities
- Bus Line
- Storage Space
1 of 11
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