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25-31 Bank St 2,052 SF Retail Building Accrington BB5 1HP $465,224 ($226.72/SF)


Investment Highlights
- Some of the building require upgrading and refurbishment
- Great location
- Vacant partially refurbished retail accommodation
Executive Summary
The properties are in varying degrees of condition / conversion. Number 25 comprises on the ground floor of a self contained flat that is in the process of being completed. It will comprise of a hall, lounge, dinning room, kitchen, bedroom and bathroom. The dining room could be a second bedroom. To the front of the property there is a self contained retail outlet with a sales area, kitchen and WC. This area requires plastering and floor finish.
The first floor which is accessed from the side comprises of two self contained apartments which are virtually finished, each comprise of a lounge, fitted kitchen, bedroom with fitted furniture and bathroom.
Number 27 is a former private residence which has not been occupied approximately 50 years offering two rooms on the ground floor and two rooms on the first floor.
Numbers 29 and 31 comprise a former ground floor retail unit with first floor storage facilities. The accommodation is in poor condition and in need of complete refurbishment. To the rear of the site is vacant land which has previously benefitted from planning permission for residential development of four one bedroomed dwellings. Access would necessitate the demolition of the gable wall, reducing of the size of the accommodation and re-building.
Number 25, 27 and 29 have had the benefit of a new roof and some new windows. The accommodation that has been enhanced has new plumbing, wiring, and water facilities.
The first floor which is accessed from the side comprises of two self contained apartments which are virtually finished, each comprise of a lounge, fitted kitchen, bedroom with fitted furniture and bathroom.
Number 27 is a former private residence which has not been occupied approximately 50 years offering two rooms on the ground floor and two rooms on the first floor.
Numbers 29 and 31 comprise a former ground floor retail unit with first floor storage facilities. The accommodation is in poor condition and in need of complete refurbishment. To the rear of the site is vacant land which has previously benefitted from planning permission for residential development of four one bedroomed dwellings. Access would necessitate the demolition of the gable wall, reducing of the size of the accommodation and re-building.
Number 25, 27 and 29 have had the benefit of a new roof and some new windows. The accommodation that has been enhanced has new plumbing, wiring, and water facilities.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,052 SF
Building Class
C
Year Built
1900
Price
$465,224
Price Per SF
$226.72
Tenancy
Single
Building Height
2 Stories
Building FAR
0.16
Lot Size
0.30 AC
Frontage
36’ on Bank street
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Nearby Major Retailers
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Presented by
Petty Real commercial
25-31 Bank St
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