TURNER WESTWELL LIMITED, Chorley

13-17 Croft Street/3-9 Yorkshire Street, Burnley, BB11 2ED

Offers in region of

£950,000

Size

23,127

Tenure

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EPC

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Parking

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Primary use
High street retail
Other use(s)
Commercial development
Frontage
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Key features

  • Prominent Town Centre Location - Situated within Burnley Town Centre's Primary Shopping Area
  • Dual Frontage - Prominent frontages to both Croft Street and Yorkshire Street
  • Opposite Burnley Bus Station - Highly accessible location benefiting from excellent public transport connectivity
  • Property currently let to 9 individual tenants with planning breaks
  • Current Rental Income of £90,244 per annum (Income of £110,244 per annum - Assuming completion of the letting at the agreed rental level)
  • Vacant retail unit at 13-17 Croft Street currently under offer at £20,000 pa (ground floor only)
  • Planning Permission for 24 Apartments (15 x 2-bed & 9 x 1-bed) - Full planning permission granted under FUL/2025/0398, subject to conditions
  • Second Floor Extension Approved - Permission includes a second-floor extension along Croft Street, extending up to 19 Croft Street
  • Strong Regeneration Potential
  • Long leasehold interest for a term of 250 years from 27 January 2025 (ground rent payable of approximately £22,500 per annum)
    Offers in the Region of £950,000 exclusive

Description

Location

The property occupies a prominent position within Burnley Town Centre, fronting both Croft Street and Yorkshire Street and directly opposite Burnley Bus Station. The property is situated within the town centre's Primary Shopping Area and benefits from excellent access to the town's retail, leisure, professional and public transport facilities.

Burnley is an established commercial and residential centre serving a substantial catchment across East Lancashire and benefits from good road and rail connections to the wider region. The property is also positioned adjacent to the Burnley Town Centre Conservation Area, with the neighbouring 4-14 St James Street building being Grade II Listed, providing a distinctive town centre setting.

The location is particularly well suited to the property's existing commercial use and its approved residential conversion, with the surrounding area continuing to benefit from ongoing town centre investment and regeneration.

Description

The property comprises a prominent part two and part three-storey town centre building extending from 3-17 Croft Street through to 3-9 Yorkshire Street, providing a substantial and well-positioned commercial investment and redevelopment opportunity.

The accommodation currently comprises a range of retail and ancillary commercial accommodation at ground floor level, with additional ancillary accommodation arranged over the upper floors. The property is fully let to 9 self-contained individual occupiers, providing a diverse mix of commercial uses and generating a current gross rental income of £90,244 per annum with 1x vacant unit.

The ground floor accommodation includes a vacant retail unit at 13-17 Croft Street, which is currently under offer at £20,000 per annum on a ground-floor-only basis. Upon completion of this letting, the property will generate a total gross rental income of £110,244 per annum.

The property's existing planning consent under reference FUL/2025/0398 provides full planning permission, subject to conditions, for the conversion of the first and second floors together with a second floor extension to create 24 self-contained apartments. The approved scheme comprises 8 two-bedroom and 4 one-bedroom apartments at first floor level, together with 7 two-bedroom and 5 one-bedroom apartments at second floor level.

Services

The mains services connected to the property to include water, gas, electricity supply and of course, mains drainage. Please note that Turner Westwell Commercial have not tested any of the service installations or appliances connected to the property.

Sale Price & VAT

Offers in the Region of £950,000.

VAT may be applicable and if so, will be charged at the prevailing rate.

Current Tenancy Information

Current Tenancy information for the properties are stated in the table below.

Use

It is the responsibility of the Proposed Purchaser to verify their intended use of the property (including any necessary change of use planning requirements) are suitable and acceptable to the Local Planning Authority (Burnley Council).

Anti-Money Laundering (AML)

In accordance with the Criminal Finances Act 2017 and the regulations set by HMRC and RICS, Turner Westwell Commercial Agents must perform AML due diligence for all clients, as well as for buyers and tenants involved in any transaction. This means we will need to gather personal, detailed financial and corporate information before we can finalise any transaction.

Legal Costs

Each party are responsible for their own legal costs involved in the transaction.

EPC

Current EPC information for the properties are stated in the table below.

Viewings

Strictly by appointment with the sole agents TURNER WESTWELL COMMERCIAL AGENTS.
TURNER WESTWELL LIMITED, Chorley

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Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

13-17 Croft Street/3-9 Yorkshire Street, Burnley, BB11 2ED

NEAREST STATIONS

National Rail

Burnley Central Station

0.41 miles

National Rail

Burnley Manchester Road Station

0.47 miles

National Rail

Burnley Barracks Station

0.76 miles

About TURNER WESTWELL LIMITED, Chorley

TURNER WESTWELL LIMITED, Chorley

Turner Westwell Commercial are a highly qualified Firm of General Practice Chartered Surveyors who have the highest level of accreditation in property via Royal Institution of Chartered Surveyors (RICS).

We aim to provide and deliver a premium service to our clients, at all levels. We aim to give our clients the advice they desire in order to manage and add value to their property assets.

We have over 30 years? combined experience in commercial property, delivering advice to clients at all levels, that meet the exacting standards expected by the RICS.

WE OFFER ADVICE IN FOLLOWING AREAS:

General Agency ? Sales and Lettings

Valuations ? Redbook Valuations, Pension Valuations, Probate Valuations and General Accounts Valuations

Acquisition ? Leasing and purchasing advice of property including the preparation of condition schedules to limit repair liability

Development ? Commercial, (Industrial, Office and Retail) Mixed use schemes and Residential

Rent Reviews and Lease Renewals

Property Investment Advice

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Disclaimer - Property reference 2410FH. 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 TURNER WESTWELL LIMITED, Chorley. 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.