Offers in region of
£250,000
3 bed flat for saleSt. James's Street, Burnley BB11
3 beds
3 baths
3 receptions
- Freehold
H2Homes
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About this property
Mixed Use Commercial & Residential Property
Set Over Four Storeys
Fully Let Income £2043 pcm (£24,516 pa)
Scope for Further Rental Income
3 x Self Contained One-Bedroom Studio Flats
Commercial Unit to Ground Floor
Ideal Investment Opportunity
Freehold Tenure
Central Location
A mixed use end of terrace commercial / residential property spanning four floors is available for sale in the heart of Burnley town centre on St James Street. Suitable for all investors, this property is comprised of a commercial unit to the ground floor with three one-bedroom self-contained studio flats situated above. The commercial unit is currently let as a barber shop, generating rental income of £858 pcm (£10,296 pa), measuring approx 561 sq ft. The studio flats above all share the same layout, with bedrooms to the front, giving access to the kitchenettes and the fitted bathrooms to the rear, each measuring approx 323 sq ft each. Flats 1 and 3 are currently let at £395 pcm (£4740 pa), with flat 2 currently on the market for let. When fully let, the combined rental income for the property is £2043 pcm (£24,516 pa). With its ideal central location, the property does not suffer from long void periods and remains fully let. Following rent reviews, there is scope for higher rental in
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