West Street, Colne, Lancashire, BB8
- PROPERTY TYPE
End of Terrace
- BEDROOMS
5
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Substantial end-terrace property
- Walking distance to Colne town centre
- Development/investment opportunity
- Arranged over four floors
- Proposed conversion into two self-contained flats
- Property underpinned
- Shell condition requiring completion
- Remaining building materials included (subject to agreement)
- Sold with vacant possession
- Cash buyers only
Description
An excellent investment and development opportunity to acquire this substantial end-terrace property situated on the popular West Street, Colne, within easy walking distance of the town centre and its wide range of shops, amenities, transport links, schools, and local facilities.
The property is currently an unfinished renovation project and is being offered for sale in its current condition due to unforeseen circumstances preventing the vendor from completing the works. Set over four floors, the property presents an exciting opportunity for investors, builders, and developers looking to add significant value.
Plans have been prepared to convert the building into two self-contained flats comprising:
Ground Floor/Basement Flat: Three bedrooms, open-plan lounge/kitchen, and bathroom.
Upper Floor Duplex Flat: Two bedrooms, lounge/kitchen, and bathroom.
The property has already benefited from underpinning works, providing a solid foundation for the development to continue. The vendor is also willing to leave any remaining building materials on site to assist the purchaser in completing the project.
Please note that the property is currently in shell condition and is not considered mortgageable, therefore cash purchasers are invited. The property will be sold with vacant possession.
Upon completion of the proposed works, the property is expected to achieve an estimated end value of approximately £180,000, offering the potential for an attractive return on investment.
Early viewing is highly recommended to fully appreciate the size, potential, and opportunity on offer.
Full planning permission has been granted for the proposed conversion. Interested parties should satisfy themselves regarding any planning conditions, building regulations and other statutory requirements relating to the approved development.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Visit our security centre to find out moreDisclaimer - Property reference COT260344. 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 Entwistle Green, Colne. 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.
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