Mixed-Use Freehold Investment For Sale – 1 Irwell Street, Bacup, OL13
£220,000.00
An excellent opportunity to acquire a mixed-use freehold investment property occupying a prominent position at 1 Irwell Street, Bacup.
Description
1_Irwell_Street_Bacup_Brochure
An excellent opportunity to acquire a mixed-use freehold investment property occupying a prominent position at 1 Irwell Street, Bacup.
Extending to approximately 1,800 sq ft, the property comprises three commercial units together with a self-contained one-bedroom apartment, providing a diversified mix of commercial and residential accommodation within a single freehold investment.
The commercial element consists of two two-storey shops and one single-storey shop, offering flexible accommodation suitable for a variety of retail and commercial uses. Two of the commercial units are currently income producing, with a café paying £360 per calendar month and a clothing retailer paying £320 per calendar month.
The residential accommodation comprises a one-bedroom apartment, currently occupied by a long-standing tenant who has been in occupation for approximately seven years and pays £550 per calendar month.
The third retail unit is currently occupied by the owner and will be offered with vacant possession upon completion, giving an incoming purchaser the opportunity to either occupy the space themselves or secure a new tenant and increase the overall rental income.
The existing occupiers are understood to be keen to remain, with current tenancies operating on monthly rolling agreements.
Situated in a prominent Bacup town centre location, the property is surrounded by a mix of independent retailers, businesses and residential accommodation, providing a strong local catchment.
Overall, the property represents an attractive mixed-use investment opportunity, combining established rental income with further reversionary and rental growth potential.
Key Features
- Freehold mixed-use investment opportunity
- Three commercial units plus one-bedroom apartment
- Two two-storey shops and one single-storey shop
- Café, clothing shop and residential apartment currently income producing
- Long-standing residential tenant in occupation for approximately seven years
- Existing commercial tenants looking to remain
- Multiple income streams with further rental potential
- Prominent Bacup town centre location
