Summary - 37, WATER LANE PR2 2NL
1 bed 1 bath Mixed Use
Refurbished ground floor shops with upper‑floor conversion potential — vacant possession.
Prominent A583 frontage, high pedestrian visibility
This mixed‑use end‑of‑terrace property occupies a prominent A583 frontage in Ashton‑on‑Ribble and offers immediate commercial use at ground floor with vacant possession. The pair of adjacent retail units provide open‑plan sales areas with ancillary rear facilities; one unit (37 Water Lane) has been recently refurbished with a new suspended ceiling, LED lighting and fresh plaster/decoration.
The first floor is a large, currently unoccupied residential element previously arranged as five bedsits with communal facilities and uPVC double glazing throughout. There is clear scope to reconfigure this upper level — either to refurbish the existing layout or to create two self‑contained one‑bed flats — and internal interlinking and an additional staircase provide flexible access options.
Practical considerations: the external side area is held by agreement with Network Rail for storage only (current fee £437.45 pa VAT inclusive) and retention would require negotiation of a new agreement on completion. The plot is very small and the property sits in an area with elevated crime and socio‑economic deprivation, which may affect lettability and rental levels. Tenure is recorded as unknown.
This asset will suit investors, owner‑occupiers with a business on the ground floor, or developers looking for an asset management/refurbishment opportunity. The site benefits from excellent mobile signal and fast broadband, making upper‑floor residential conversion straightforward for modern occupiers, but purchasers should factor in local market challenges and the cost of reconfiguration works where required.
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