45-47 Standish Street, Burnley, Lancashire

Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

Key Features: • Income producing investment comprising ground floor double fronted shop and a 3 bedroom first floor flat, let on a room basis. • Current gross rental income of £18,900 per annum with potential income of £23,580 per annum once fully let. • Popular trading position close to the new Pioneer Place Cinema complex, Charter Walk Shopping Centre, UCLan Burnley and Anchor Retail Park.

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: Petty Commercial, Old Red Lion, 2, Manchester Road, Burnley, BB11 1HH

Full Description: A double fronted, two storey investment property comprising a ground floor shop and a three bedroom apartment to the first floor. 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 shared kitchen / dining and bathroom facilities, currently let on a room basis. Two of the three bedrooms are let by way of Assured Shorthold Tenancy Agreements, producing a gross rental income of £90 per week each, offering the potential to achieve an attractive income of £23,580 per annum once fully let. 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.