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Mixed Commercial & Residential Investment

Pall Mall, Chorley, Preston/Leyland/Chorley

£240,000 (Freehold)

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Mixed Commercial & Residential Investment

Commercial Investments

REF 010223


DESCRIPTION: An end terraced two storey corner property located in Chorley Town Centre. William Hills occupy the whole of the ground floor and the upper floors to no50 on a remainder of a 20 year lease from 2005 at a passing rent of £15,600 per annum. The upper floor of No48 consists of a separate self contained 2 bedroom flat let at £90 a week. Total rental income £20,280 per annum.

 

LOCATION: On the corner of Pall Mall and Hamilton Street in Chorley in the Town Centre opposite the ASDA Superstore.

ACCOMMODATION
Ground Floor: No 48/50: William Hills betting office;

First Floor: No 50: 2 rooms; kitchen; bathroom;

No 48: Private ground floor entrance off Hamilton Road leading upto First Floor: Lounge and kitchen area partitioned off; bedroom with en suite bathroom; attic room;

NB The property has not been inspected internally.

LEASE SCHEDULE:
No50 & GF 48: Tenant William Hill Organisation Ltd
Term: 20 year lease from 24th August 2005 passing rent £15,600 pa paid quarterly in advance. 5 year rent review and tenants break clause.

First Floor No48: Let on Shorthold Tenancy Agreement at a rent of £90 per week, same tenant for past 11 years.

SERVICES: All mains services connected.

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.

48/50 Pall Mall, Chorley, PR7 2LE

Tenure Type: Freehold
Private Living: No


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