prime town centre retail / residential investment opportunity

6 Standish Street, Burnley, Lancashire

For Sale £190,000

Investment in Burnley

1826 Sq Ft

• Prominent four storey premises comprising tenanted ground floor retail unit and self contained 3 bedroom apartment to the upper floors.
• Excellent investment opportunity currently generating a rental income of £24,000 per annum.
• Superb town centre location close by to the Pioneer Place Reel Cinema and Leisure Development. Nearby occupiers including Nando's, Next and Primark.

Description

An imposing, stone built four storey building occupying a prime position in the heart of the town centre. The ground floor features a self contained retail unit comprising an open plan sales area with WC facilities, and additional storage space in the basement. The unit is currently let to an independent retailer by way of a lease, generating a current passing rent of £9,600 per annum. Accessed independently from the rear, the upper floors comprise a well-appointed three bedroom apartment. Arranged over two levels, the apartment includes a living room, kitchen, and bedroom on the first floor, with two bedrooms, one with an en suite and a family bathroom on the second. The apartment is currently let under an Assured Shorthold Tenancy Agreement, producing a passing rent of £14,400 per annum inclusive of utilities.

Location

The property is situated in a highly prominent corner position at the junction of Standish Street and Bankfield Street, a well-trafficked area benefiting from substantial footfall. Ideally located just a short distance from Charter Walk Shopping Centre, it also lies in close proximity to the new £20 million Pioneer Place Cinema and Leisure Complex. Notable nearby occupiers include Nando's, Next, and Primark, enhancing the area's strong retail and leisure offering.

Accommodation

Ground Floor Front Sales 29.6 sq.m 318.6 sq.ft Rear Sales 23.4 sq.m 252.2 sq.ft Basement Storage 39.33 sq.m 423.3 sq.ft First Floor Lounge, kitchen, bedroom 39.34 sq.m 423.5 sq.ft Second Floor 2 bedrooms, en suite, family bathroom 37.97 sq.m 408.7 sq.ft GIA: 169.64 sq.m 1,826.3 sq.ft

Services

The property has the benefit of all mains services including gas fired central heating to the apartment.

Viewing

Old Red Lion,
4 Manchester Road,
Burnley BB11 1HH.

Tel: 01282 456677
Email: [email protected]