prominent town centre office investment premises comprising 14 modern, high quality offices.

Burton House, 2a Market Place, Colne, Lancashire

For Sale £425,000

in Colne

2758 Sq Ft

• Attractive art deco style building transformed into stylish, modern office suites arranged over the ground and first floors.
• Good quality communal kitchen facilities and break out area.
• Ideal investment opportunity currently producing a gross rental income of £46,020 per annum with potential to achieve circa £61,200 per annum once fully let.
• Secure adjoining car park with 7 designated parking spaces.

Description

Burton House is an attractive and distinctive landmark property. This stone-built business centre occupies a prominent corner at the junction of Market Street and Market Place in the heart of Colne town centre. This recently refurbished business centre has been split into 14 modern, stylish office suites across the ground and first floors. The ground floor comprises an entrance lobby, three office suites, and a communal break out area featuring a modern fitted kitchen and WC facilities. The first floor accommodates the remaining eleven suites, a second kitchenette, and male / female WC facilities. All suites are offered on a fully serviced basis, with the rent being all-inclusive of utilities (heating, electricity, and water), free Wi-Fi, and high-speed fibre broadband provided via Cat6 cabling throughout. An excellent investment opportunity, with 10 of the 14 suites tenanted, generating a current gross rental income of £46,020 per annum, offering a potential increase to circa £61,200 per annum once fully let. Externally, a secure car park, accessed via Colne Lane, provides 7 allocated parking spaces. The property is Leasehold for a term of 60 years, effective from 20th January 1986, at a peppercorn ground rent. A copy of the Tenancy Schedule can be provided upon request.

Location

The property occupies a prominent corner position fronting Market Street (A56), the main thoroughfare through Colne town centre. Accessed via an independent entrance off Market Place, the property is located close by to a number of established businesses including Altham's Travel, Tesco Express, The Co-Operative and, immediately opposite, Colne Market which is currently undergoing a £3.5m government funded transformation anticipated to be completed in Spring 2026.

Accommodation

Ground Floor Suite 1 - 219 sq.ft Suite 2 - 191 sq.ft Suite 3 - 121 sq.ft Suite 4 - 159 sq.ft Suite 5 - 161 sq.ft Suite 6 - 180 sq.ft Suite 7 - 284 sq.ft Suite 8 - 249 sq.ft Suite 9 - 200 sq.ft Suite 10 - 90 sq.ft Suite 11 - 145 sq.ft Suite 12 - 219 sq.ft Suite 13 - 402 sq.ft Suite 14 - 138 sq.ft NIA: 256.2 sq.m 2,758 sq.ft

Services

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

Viewing

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

Tel: 01282 456677
Email: [email protected]