Benefits Of Commercial Property Investment In Burnley

If you’re ready to start investing in commercial property or looking for a rental option, Petty Commercial is here to give you the best insights into what’s available.

In this guide, we’ll cover:

• The Benefits of Property Investment in East Lancashire.
• Why Petty Commercial is the leading real estate agent in East Lancashire.
• How Petty Commercial can help you choose the best property for you.
• Why Burnley Has the Fastest Growing Economy in East Lancashire.
• Why Burnley is the best option for UK property investment in 2024/25.

Leading Estate Agents in Burnley & East Lancashire

With over 95 years of experience, Petty Commercial is the leading estate agent in Burnley and East Lancashire. Specialising in commercial property investment across Burnley, Colne, Pendle, and Barrowford, our team can help you find the best commercial property to suit your investment strategy.

Our Experience

At Petty Commercial, we have established ourselves as a leading authority in the commercial property sector across Burnley and East Lancashire. Our clients include corporate organisations, developers, property funds, private individuals, and public sector bodies.

• Significant Property Transactions: We assist in a multitude of substantial property deals, such as the sale of Progress Works, a high-bay warehouse spanning approximately 121,950 square feet.
• Comprehensive Property Management: We manage a range of commercial properties, including offices, retail spaces, industrial units, and leisure facilities.
• Professional Accreditations: Our close affiliation with the Royal Institution of Chartered Surveyors (RICS), ensures our company adheres to the highest professional standards in property valuation and management.

What We Do

Petty Commercial specialises in guiding you on your unique investment journey. Our services consist of:

• Sales and Lettings: We’ll assist you in buying, selling, and leasing a variety of commercial properties, whether you’re looking for offices, retail spaces, industrial units, or investment properties.
• Valuations: We’ll provide you with a professional property valuation that can cover several purposes including secured lending, taxation, company accounts, and asset management.
• Property Management: We don’t just help you buy and sell – We offer full-service management, including rent and service charge collection, tenant communications, lease renewals, and maintenance coordination.
• Landlord and Tenant Services: We’ll advise you on lease agreements, lease renewals, rent reviews, and handling disputes to make sure the terms for all parties involved are both fair and beneficial.

Learn more about Petty Commercial

Investing in East Lancashire

East Lancashire is a great area for property investment due to its affordable prices, strong transport links, and ongoing regeneration projects that aim to drive economic growth within the county. Among the towns of East Lancashire, Burnley stands out as the most thriving community due to its significant efforts in redeveloping the community.

Burnley’s Growing Economy

The demand for commercial properties in Burnley has peaked in recent years due to the town’s rapid economic improvements. Well-known franchises such as Nando’s and Taco Bell are just a small handful of businesses that have chosen to set up camp in Burnley’s rapidly growing community.

Burnley has undergone some significant improvements over the past 14 years, with over £900 million being invested in the town since 2010. Areas like the Burnley Bridge Business Park have brought a plethora of new business and employment opportunities to the town, further boosting the local economy and drastically increasing the demand for commercial spaces.

Benefits of Investing in Property in Burnley

It’s no secret to us that Burnley is the most profitable location for commercial property investment in the UK. Let us explain why:

• Affordable Property Prices and High Yields

Burnley has some of the most affordable property prices in the UK, letting investors like you to enter the market without having to worry about the high capital that is typically required in bigger cities. This affordability has led to yields averaging between 7% to 9%, which is significantly higher than the UK average of around 3% to 4%.

As well as the high yields, property prices are also seeing a steady increase in value as the town’s economy continues to flourish, with the average property price increasing by 4.2% from £108,000 to £113,000 between 2023/24. With the inevitable rise in property value, now is the best time to invest in property to guarantee a steady increase in asset value.

• Transport Links and Connectivity

Burnley sits at the centre of some of the largest economic giants in Northern England. The M65 motorway gives you quick access to larger towns and cities like Manchester and Preston, and its direct railway system to major cities makes it an attractive location if you’re looking to connect your business regionally and nationally.

• Quality of Life and Low Cost of Living 

Burnley offers a high quality of life with its immediate access to nature and green spaces, as well as affordable living costs. From iconic sights such as Pendle Hill, to beautiful scenic locations like Townley Hall and Park.

The most appealing incentive for property investment in Burnley is the low cost of living. From property prices, to rent and utilities, Burnley’s estimated monthly cost of living sits between £1,000 to £1,200, as opposed to cities like Manchester requiring approximately £1,700 per month to live comfortably.

On top of this, labour costs in Burnley are 12.5% lower than the national average, providing businesses with significant savings throughout the year. In addition, due to the low property value in Burnley and the town’s cost-effective infrastructure, rental spaces, as well as business rates and utilities, are significantly lower than anywhere else in the country.

• Growing Business Community 

Burnley has a thriving and supportive business community. The area’s Business Improvement District (BID) helps support local businesses to create a stable environment for you and your company.

• Skilled Workforce and Talented Prospects

Burnley is renowned for its hard-working, skilled workforce and a strong background in construction, manufacturing, and engineering. In addition to its hard-working community, Burnley College is the home of The University of Central Lancashire, helping business owners like you access a pool of fresh, qualified talent, making it easier for you to find skilled employees.

• Residential Property Investment

On the topic of Burnley’s central university, demand for student accommodation is at an all-time high. With the sharp increase in demand for rental properties, in conjunction with Burnley’s ever-growing property pricing, now is the best time to invest in residential real estate to take advantage of Burnley’s high yields and increasing property value.

Contact Us

For more information, you can contact us here.