Guide price
£125,000
(£71.18/sq. ft)
Retail premises for sale45-47 Standish Street, Burnley, Lancashire BB11
1,756 sq. ft
EPC Rating: F
About this property
Income producing investment comprising ground floor double fronted shop and a 3 bedroom first floor flat.
Current rental income of £9,540 per annum, offering significant potential to increase to £17,940 once fully let. Subject to planning, HMO letting could further boost annual income to £22,800 per annum.
Popular trading position close to the new Pioneer Place Cinema complex, Charter Walk Shopping Centre, UCLan Burnley and Anchor Retail Park.
The ground floor comprises an open plan, multi-level shop with a store room and WC facilities. The ground floor is let to an independent retailer by way of a 5 year lease commencing from 1st November 2024 at a current rent of £9,540 per annum. The lease incorporates a Tenant break clause and an open market rent review at the expiration of year 3.
The first floor comprises a 3 bedroom apartment with a kitchen / dining room and bathroom. The apartment is currently vacant and available to rent at £8,400 per annum, offering an attractive gross rental income of £17,940 per annum once fully let. Subject to planning, HMO letting could further boost annual income to £22,800 per annum.
Located in an excellent, high footfall position within close proximity to the town centre, the property has the benefit of roller shutter security and free on street parking directly adjacent.
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