Retail premises for sale

Bright Street, Burnley BB10

A rare opportunity to acquire a substantial commercial property located in an established residential area of Burnley.

The property extends to approximately 2,217 sq ft (206 sq m) and is arranged over ground floor, first floor and basement levels. The premises were most recently operated as a launderette and are now offered with vacant possession, providing immediate flexibility for owner-occupiers or investors.

The building offers strong potential for re-letting, refurbishment or alternative commercial uses, subject to the necessary planning consents. The layout and size lend themselves well to a range of neighbourhood retail, service or trade uses.

Situated on Bright Street, the property benefits from a predominantly residential catchment with local amenities nearby and convenient access to Burnley town centre and surrounding districts.

The property is held on a long leasehold interest of 999 years from 1904 and has a current Rateable Value of £5,600, which may qualify for Small Business Rates Relief, subject to eligibility.

Based on comparable commercial properties in the local area, the premises are considered capable of achieving a rental income in the region of £15,000–£18,000 per annum, subject to condition, lease terms and tenant covenant. At the guide price of £179,000, this reflects a potential gross yield in the region of approximately 8.4%–10.0%, offering attractive returns for investors seeking a flexible commercial asset.

Guide Price: £179,000.

This property represents an attractive opportunity for investors seeking a flexible commercial asset with asset-management and value-add potential.