13-17 Croft Street/3-9 Yorkshire Street, Burnley, BB11 2ED

Location

The property occupies a prominent position within Burnley Town Centre, fronting both Croft Street and Yorkshire Street and directly opposite Burnley Bus Station. The property is situated within the town centre's Primary Shopping Area and benefits from excellent access to the town's retail, leisure, professional and public transport facilities.

Burnley is an established commercial and residential centre serving a substantial catchment across East Lancashire and benefits from good road and rail connections to the wider region. The property is also positioned adjacent to the Burnley Town Centre Conservation Area, with the neighbouring 4-14 St James Street building being Grade II Listed, providing a distinctive town centre setting.

The location is particularly well suited to the property's existing commercial use and its approved residential conversion, with the surrounding area continuing to benefit from ongoing town centre investment and regeneration.

Description

The property comprises a prominent part two and part three-storey town centre building extending from 3-17 Croft Street through to 3-9 Yorkshire Street, providing a substantial and well-positioned commercial investment and redevelopment opportunity.

The accommodation currently comprises a range of retail and ancillary commercial accommodation at ground floor level, with additional ancillary accommodation arranged over the upper floors. The property is fully let to 9 self-contained individual occupiers, providing a diverse mix of commercial uses and generating a current gross rental income of £90,244 per annum with 1x vacant unit.

The ground floor accommodation includes a vacant retail unit at 13-17 Croft Street, which is currently under offer at £20,000 per annum on a ground-floor-only basis. Upon completion of this letting, the property will generate a total gross rental income of £110,244 per annum.

The property's existing planning consent under reference FUL/2025/0398 provides full planning permission, subject to conditions, for the conversion of the first and second floors together with a second floor extension to create 24 self-contained apartments. The approved scheme comprises 8 two-bedroom and 4 one-bedroom apartments at first floor level, together with 7 two-bedroom and 5 one-bedroom apartments at second floor level.

Services

The mains services connected to the property to include water, gas, electricity supply and of course, mains drainage. Please note that Turner Westwell Commercial have not tested any of the service installations or appliances connected to the property.

Sale Price & VAT

Offers in the Region of £950,000.

VAT may be applicable and if so, will be charged at the prevailing rate.

Current Tenancy Information

Current Tenancy information for the properties are stated in the table below.

Use

It is the responsibility of the Proposed Purchaser to verify their intended use of the property (including any necessary change of use planning requirements) are suitable and acceptable to the Local Planning Authority (Burnley Council).

Anti-Money Laundering (AML)

In accordance with the Criminal Finances Act 2017 and the regulations set by HMRC and RICS, Turner Westwell Commercial Agents must perform AML due diligence for all clients, as well as for buyers and tenants involved in any transaction. This means we will need to gather personal, detailed financial and corporate information before we can finalise any transaction.

Legal Costs

Each party are responsible for their own legal costs involved in the transaction.

EPC

Current EPC information for the properties are stated in the table below.

Viewings

Strictly by appointment with the sole agents TURNER WESTWELL COMMERCIAL AGENTS.