Burnley Road, Padiham, BB12

A commercial investment portfolio comprising two adjoining properties, offered together as one lot and producing rental income from two separate occupational tenants.

The portfolio includes a convenience store and nail salon, each arranged over multiple levels and benefiting from useful storage and ancillary accommodation. The nail salon is occupied under a four-year lease agreement and currently produces £796 per calendar month, with utilities paid independently by the tenant. The convenience store is also occupied under a separate four-year lease agreement at £850 per month. Above the commercial accommodation is a self-contained first-floor flat, currently vacant, with an anticipated rental income of approximately £450 per calendar month. The flat is Council Tax Band A.

The properties are held under two separate Leasehold titles, each subject to a 999-year lease commencing on 24 April 1861. The ground rent is formally apportioned at £1.60 per unit. The current rateable value is stated as £6,500 for the nail salon and £5,100 for the convenience store, with business rates applying where applicable.

Both units have separate utility meters and individual water meters. The vendor advises that both properties benefited from complete replacement roofs approximately 12 months ago. Each unit also includes additional external storage secured by lockable steel doors and accessed from the rear backstreet.

Situated within the vibrant and increasingly popular town of Padiham, the properties occupy a well-established commercial location surrounded by a varied mix of independent and national businesses. Nearby amenities include convenience stores, butchers, hairdressers, estate agents, dentists, doctors, pharmacies and chain supermarkets, all contributing to a busy and active town centre. Padiham also benefits from a range of free parking options, helping to support regular footfall and making the area convenient for customers, staff and local residents.

Please note: All tenancy, rental, title, lease, rateable value, utility and improvement information has been supplied by the current vendor and should be independently verified by a purchaser and their legal representative before exchange of contracts. The businesses remain actively trading, therefore all viewings are strictly by prior appointment and tenants must not be approached directly.

Unit One: Nail Salon and First-Floor Accommodation

The first commercial unit is currently arranged and utilised as a nail salon, with a spacious, open-plan ground-floor trading area. The commercial space benefits from a prominent glazed frontage, good natural light and a practical layout suited to continued salon use or a range of alternative commercial purposes, subject to any necessary consents. Ancillary accommodation includes a WC and useful rear areas for staff facilities, preparation or storage. To the first floor are three separate rooms, together with landing space. These rooms are presently arranged to offer flexible ancillary accommodation and may be suitable for office, treatment, staff or storage purposes. Subject to all relevant permissions and regulations, the first-floor rooms may also offer potential for residential or bedroom use.

Unit Two: Convenience Store + 1st Floor Flat

The second commercial unit is currently occupied and operated as a convenience store. The ground floor provides an open-plan retail area with a fully glazed shopfront and direct access from the pavement, alongside a separate storage room positioned to the rear. The retail area is presently fitted with shelving and display units, while the adjoining storage space provides practical accommodation for stock, preparation and operational use. A separate entrance serves the residential-style accommodation, beginning with a lower-ground utility room. The upper floor includes an open-plan kitchen and living area, a bathroom and stairs rising to a mezzanine-style space. The mezzanine is currently arranged as flexible additional accommodation and may be suitable for use as bedroom space, subject to compliance with applicable building, planning and fire-safety requirements.

Yard

To the rear, both commercial units benefit from their own additional external storage areas. Each store can be accessed directly from its respective unit and also from the rear backstreet, providing practical access for stock movement, deliveries and general operational use. Both storage areas are secured by lockable steel doors, offering a useful and robust extension to the internal accommodation. The rear elevation is predominantly stone built and fronts directly onto the backstreet, allowing straightforward access without the need to pass through the main retail areas.

Parking - On street

There are no allocated parking spaces included with either unit. However, free on-street parking is available locally, including a free parking area in Padiham and a public car park directly across the road with electric vehicle charging points. Short-stay parking is also available immediately outside the units, subject to a 40-minute maximum stay.

Disclaimer

We have not tested any appliances, fixtures, fittings, or services and cannot confirm they are in working order. Buyers must satisfy themselves as to condition, and no employee of Fardella & Bell is authorised to give any warranty or guarantee.
All measurements are approximate and may be subject to error. They should not be relied upon for furniture, fixtures, or floor coverings.
These particulars are provided in good faith, approved by the vendor(s), and are subject to error and omission. They do not form part of any offer or contract. Buyers should satisfy themselves on all matters, including any alterations or works and the relevant consents or approvals.

AML
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