extensively refurbished apartment investment opportunity
Heritage Quarter House, Exchange Street, Colne, Lancashire
For Sale On Application
Investment in Colne
9117 Sq Ft
- Modern apartment development comprising 17 high specification, self contained apartments featuring a blend of stylish one bedroom, two bedroom, and duplex layouts.
- Situated in the thriving and sought after town of Colne in the heart of Pendle.
- Generating an estimated gross rental income of approximately £140,000 per annum when fully let.
Description
A rare opportunity to acquire a fully redeveloped residential investment premises in the heart of Colne's popular Heritage Quarter. Heritage Quarter House comprises a mixture of 17 spacious 1 bedroom, 2 bedroom and duplex apartments which have been finished to an excellent standard. Originally constructed in 1852 and extended in 1902, the property was formerly the Wesleyan School and Sunday School - famously attended by Wallace Hartley, the Band Master of the RMS Titanic. The development retains many striking period features, such as the original Exchange Street entrance and the prominent Italianate-style tower, which serves as a distinctive local landmark visible throughout Colne. The property is capable of achieving a gross rental income of £137,460 per annum once fully let and a copy of the current tenancy schedule is available upon request.Location
Ideally positioned in the heart of Colne's Heritage Quarter, this development enjoys a prime spot within the vibrant town centre. Located on Exchange Street, Heritage Quarter House is conveniently positioned close to a variety of shops, restaurants and bars. Colne Train Station, major supermarkets and retail parks are all within a 1/2 mile distance and there is a substantial free car park located directly next to the Premises.Accommodation
Ground Floor 392 sq.m 4,219.48 sq.ft First Floor 235 sq.m 2,529.54 sq.ft Second Floor 220 sq.m 2,368 sq.ft GIA: 847 sq.m 9,117.02 sq.ftServices
Each apartment has the benefit of mains electricity and water.Viewing
Old Red Lion,
4 Manchester Road,
Burnley BB11 1HH.
Tel: 01282 456677
Email: [email protected]
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