No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Offers in region of£1,600,000
OnTheMarket > 14 days

Commercial development for sale

Blackburn Road, Astley Bridge
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Commercial development
0 bed
0 bath

Property description & features

  • CALLING ALL INVESTORS & LANDLORDS!
  • Mixed Use Development Opportunity - 3 Commercial Units & 7 Apartments
  • Attractive Yield Return Above 6%
  • Situated in Centre of Popular High Street
  • Ideally Located Near Transport Links, Amenities, Pubs & Restaurants
  • Development Expected to Finish End of Summer 2022
  • Commercial Unit Size Ranging from 950-1200sq ft
  • Residential Unit Size Ranging from 540-930 sq ft
*HUGE DEVELOPMENT OPPORTUNITY AVAILABLE* CALLING ALL INVESTORS & LANDLORDS*

Mixture of Commercial & Residential Opportunity (3 Commercial & 7 Residential - Sought After Location - High Yield Return - AVAILABLE END OF SUMMER 2022

Regency Estates are excited to announce a mixed commercial and residential investment opportunity on Blackburn Road, Astley Bridge to the north of Bolton. The property is directly opposite Asda supermarket and is close to several very popular restaurants & pubs and is within a busy suburban cluster of other well established commercial units. It has a direct route into Bolton Town Centre for access into Manchester and beyond and also within a few miles over popular countryside including Rivington & Jumbles reservoir.

Previously, the Royal Bank of Scotland it is currently undergoing significant alteration and extension to create 3 commercial units and 7 apartments. The property will be finished to a high specification throughout with no hesitation that the demand for both the commercial and residential will be high. The aim is for all units to be filled before completion so income can be received from point of completion.

On completion the development will offer the following accommodation:
Ground Floor
Shop 1 - 103sqm - 1,110sqft - UNDER OFFER
Shop 2 - 88sqm - 950sqft
Shop 3 - 111sqm - 1,200sqft - UNDER OFFER
First Floor
Apt 1 - 60sqm - 646sqft - 1 bed
Apt 2 - 71sqm - 764sqft - 2 bed
Apt 3 - 50sqm - 538sqft - 1 bed
Apt 4 - 77sqm - 829sqft - 2 bed
Apt 5 - 73sqm - 786sqft - 2 bed
Second Floor
Apt 6 - 77sqm - 829sqft - 2 bed
Apt 7 - 86sqm - 926sqft - 2 bed
All apartments will also have a storage unit on the ground floor for bikes etc.

ERV is estimated at c £95,000 pa and with offers invited at around £1.6 million, this offers an attractive yield of 6%.

Two of the commercial shops are currently under offer and in solicitors hands. The project is expected to reach completion towards the end of summer 2022.

This really is a unique opportunity and investments of this scale do not come on the market very often. Please call the office to arrange a viewing via sole agents Regency Estates.

Places of interest

    Regency Estates   - Award Winning Agent, 3 Times British Property Awards! Established in 1992 by the Holt family and is still owned and run by the Holt family today. During the last 25 years we’ve been through many changes and our evolution has resulted in our current staff being highly qualified and experienced in all aspects of the residential sales and lettings market in the Bolton area and beyond. Based in the centre of Horwich our prominent office forms the cornerstone of a very busy Horwich high street. Without the confines of a corporate structure we can tailor-make our business to fit your personal requirements whether that’s as a vendor, landlord, purchaser or tenant. Based on family values our work ethic is second to none and when dealing with a family business you know you are speaking to the people that make a difference. Call into our offices for expert advice on any aspect of the property market. We love to talk about property – it’s in our genes!

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    *DISCLAIMER

    Property reference 11441778. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Regency Estates - Horwich.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

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    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

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    Mobile phone signal availability and predicted strength

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    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.