45-47 Standish Street, Burnley, Lancashire

A double fronted, two storey investment property comprising a ground floor shop and a three bedroom apartment to the first floor.

The ground floor comprises an open plan, multi-level shop with a store room and WC facilities. The ground floor is let to an independent retailer by way of a 5 year lease commencing from 1st November 2024 at a current rent of £9,540 per annum. The lease incorporates a Tenant break clause and an open market rent review at the expiration of year 3.

The first floor comprises a 3 bedroom apartment with shared kitchen / dining and bathroom facilities, currently let on a room basis. Two of the three bedrooms are let by way of Assured Shorthold Tenancy Agreements, producing a gross rental income of £90 per week each, offering the potential to achieve an attractive income of £23,580 per annum once fully let.

Located in an excellent, high footfall position within close proximity to the town centre, the property has the benefit of roller shutter security and free on street parking directly adjacent.