Pattinson.co.uk - Tel: 0191 239 3252
retail in BB11 Ground floor retail unit NIA 41.4sqm (446sqft) Albion Street, Burnley Planning permission granted Lancashire, BB11 4QD For conversion to residential apartment Excellent investment opportunity £20,000 Starting Bid Long leasehold of 999y (from 1864)
Pattinson.co.uk - Tel: 0191 239 3252 Summary - Property Type: Retail - Parking: Allocated Price: £20,000
Description FOR SALE BY ONLINE AUCTION: terms and conditions apply.
We are pleased to offer to auction this ground floor commercial unit, well located in a corner position along Albion Street, Burnley. The unit is current a retail unit, formerly a laundrette, and has been granted full planning to be converted into a residential apartment. This offers a great opportunity either for a buy to let investor or developer, with a minimum yield of 10% easily achievable once developed and refurbished (based from rental figures of £100pw/£5,200pa). Rental demand is high in this area, with many amenities including Manchester Road Train Station and Burnley town centre just a 5 minute walk from the property.
Please note that we have not inspected this property.
Location The subject property is located on a prominent corner position along Albion Road and Piccadilly Road, Burnley. The street is a primarily residential area, with good transport links nearby including a bus stop directly opposite and Burnley Manchester Road train station just along the street.
Accommodation Ground floor retail unit measuring an NIA of approximately 41.4sqm (446sqft).
Planning Permission The property was granted planning on 22nd April 2020 for the 'conversion of existing ground floor commercial shop unit in to a flat'. Planning reference FUL/2019/0633. There is a project outline in place with full specification and materials confirmed for the conversion including a local architect design/submission, refurbishment team and management. Please direct all planning enquiries to Burnley Borough Council.
Tenure Long leasehold of 999 years from 12 January 1864. Title number LA435354.
Rateable Value The adopted rateable value is £2,700 as of 1st April 2017. Sourced from VOA.
EPC We currently await a copy of the Energy Performance Certificate.
Additional Information For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on [email protected]. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest. Albion Street, Burnley, Lancashire, BB11 4QD Contact your local branch today for more information on this property: Keith Pattinson Silverlink, Wallsend, Tyne and Wear, NE28 9NY, Tel: 0191 737 1154 , www.pattinson.co.uk
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
Pattinson.co.uk - Tel: 0191 239 3252