Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment occupying a prominent high footfall pitch with asset management potential.
Arranged across basement, ground, and two upper floors the property is fully let to a private individual trading as a cafe on a five year lease expiring 16.11.2027 and paying £12,000 per annum.
Whilst the property is currently fully let to the tenant, we consider the property may benefit from either asset management via renewal of the lease, or development/conversion potential to the upper parts (subject to the existing lease and any requisite consents).
The property occupies a prominent pitch fronting St James Street, one of the principal retail streets in Burnley adjacent to the pedestrianised centre. The area therefore benefits from high footfall with nearby retailers including Pandora, Brirish Heart Foundation and Marks & Spencer.
Tenure
Freehold
Rent