Colne Road, Burnley, BB10
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- SIZE
Ask agent
- SECTOR
Residential development for sale
Key features
- Immediate Income 8 Apartments
- Modern Auction Subject to Reserve Price
- Investment Opportunity
- Grade II Listing
- Unlock Further Value Ground Floor Pre-Planning
- Well Located for Amenities
Description
Offered for sale via Modern Method of Auction, starting bid £700,000 plus fees
The Duke of York is one of Burnley's most recognisable landmarks — a Grade II listed building of genuine architectural distinction now presenting a compelling investment case. Eight fully let duplex apartments deliver an immediate rental income stream, while the ground floor carries pre-planning consent for residential conversion, unlocking further value for the right buyer.
Whether you are expanding a social housing portfolio, adding a heritage asset to a pension fund, or pursuing an active development programme, this building offers a rare combination of history, income, and potential — all in one of Lancashire's most prominent and storied properties.
Key Investment Highlights
• Immediate rental yield — Eight duplex apartments fully tenanted, producing income from completion with no void period.
• Unlock further value — Ground floor pre-planning consent for residential or commercial use — a flexible platform to maximise the asset.
• Development upside — Ground floor conversion could substantially increase the overall yield and capital value of the building.
• Grade II listed status — Heritage designation provides capital protection, planning protections, and potential access to tax reliefs and grant funding.
• High-visibility landmark — Iconic, prominent position on Colne Road with strong community presence and long-term desirability.
• Buy-hold or develop — Suitable for income-only strategies, value-add refurbishment, or a full development programme — flexible for a wide range of buyers.
• Strong yields — Burnley offers significantly stronger yields relative to southern markets with growing demand for quality rental stock.
Target Buyers
Housing Associations - A turnkey registered social housing opportunity with existing tenancies and heritage credentials. Pre-planning on the ground floor creates a clear pathway to expanding provision on-site.
Property Developers - An income-backed development platform. Eight fully let apartments fund your programme whilst you unlock ground floor consent and deliver additional units. Heritage status may attract grant support.
Pension Portfolios & SIPPs - A stable, long-horizon income asset with multi-unit diversification, inflation-linkable rents, growth optionality from the ground floor, and the capital protection of a listed, irreplaceable building.
Register Your Interest
The Duke of York is available for immediate sale. Full financial particulars, tenancy schedules, and planning documentation are available upon request. Early viewings strongly recommended.
EPC Rating: E
Energy Performance Certificates
EPC 1Colne Road, Burnley, BB10
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Burnley Central Station0.6 miles
- Burnley Barracks Station1.2 miles
- Burnley Manchester Road Station1.3 miles
Notes
Disclaimer - Property reference 18ad192b-5263-4380-a520-91d15042f8a6. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Miller Metcalfe, Bolton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Miller Metcalfe, Bolton on 01204 958177.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”