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Colne Road

BB10 1DU

Asking Price

£875,000

For Sale Commercial, Investment
For Sale

£875,000

Commercial, Investment

Colne Road

BB10 1DU

0 Bed Commercial, Investment For Sale

Property Features

  • Investment Opportunity
  • Prominent Main Road Position
  • 1 Mile from Burnley Town Centre
  • Well located for local amenities
  • Full management and maintenance team in place.

About this property

Prime Investment Opportunity!
This impressive Grade II listed, stone-built former iconic hotel offers a substantial income-generating opportunity, set in a prominent and highly visible location in the heart of Burnley. The property has been fully refurbished into a modern mixed-use complex, featuring two open-plan dual aspect retail units on the ground floor and 8 high-quality 2-3 bedroom apartments across the upper floors.
With both residential and commercial elements, this property offers multiple income streams, making it an ideal investment for those seeking stability and long-term returns. The apartments, recently refurbished to a sleek, contemporary standard, are fully let to working professionals, ensuring a steady rental income. The vacant retail units are ready for immediate occupation, offering the potential for instant returns through a variety of commercial uses. Additionally, preplanning for residential has previously been submitted for the ground floor should that be a preferred investment.
Security and convenience are top priorities, with 24-hour CCTV coverage, a secure keypad entry system, and HD visual intercoms in each apartment, providing tenants with peace of mind. There is also a management company in place which any buyers can inherit for convenience. Additionally, the property includes a basement offering storage for both commercial and residential tenants, further enhancing its appeal and functionality.
The Duke of York Apartments offer highly desirable, premium accommodation in an excellent location, close to the UCLAN campus, Burnley General Hospital, and Boohoo—one of the town’s major employers. This prime location guarantees consistent demand for both residential and commercial space, making it an outstanding investment opportunity with significant potential for both capital growth and steady rental income.
Don’t miss out on this lucrative opportunity in a thriving, high-demand area!

Price
Seeking offers of £875,000 Subject to Contract.

EPC
A copy of the EPC is available on request.

VAT
VAT is applicable at the prevailing rate.

Viewing by way of appointment through the sole agent Miller Metcalfe Commercial.

Contact an agent