This expansive commercial building in the heart of Tyldesley offers approximately 3,687 square feet of space distributed across two floors, along with a cellar ideal for storage. Currently occupied by a restaurant generating an annual rental income of £18,980, this property presents a solid investment opportunity. The tenants have expressed interest in renewing their lease, but there is also the flexibility to acquire the property with vacant possession.
The layout includes two front doors, one of which provides direct access to the staircase, creating potential for conversion into separate units or residential flats, subject to obtaining the necessary planning permissions. This feature enhances its appeal for those looking to maximize its use and value through renovation or redevelopment.
Situated centrally in Tyldesley, the property benefits from high visibility and accessibility, making it an attractive option for various commercial endeavors or residential conversion projects.
With a rateable value of £26,000 and current rates payable at £12,974 annually, savvy investors will appreciate the potential financial advantages available through business rate exemptions for qualifying properties.
The tenure is leasehold with an impressive remaining term of 811 years. An Energy Performance Certificate (EPC) rating of D indicates room for improvement in energy efficiency as part of any refurbishment plans.
Viewings can be arranged for interested parties looking to explore the possibilities this property has to offer.
