Summary - 5a Bacup Road, Rawtenstall, ROSSENDALE BB4 7NG
1 bed 1 bath Land
Large freehold town-centre plot with consent for 42 apartments, ready for delivery.
Full planning permission for 42 apartments (ref: 2020/0018) approved 28 Jan 2021
Freehold sale of landmark town-centre site, approx. 28,457 sq ft total
Dedicated off-street parking and landscaped private amenity space included
Opposite Rawtenstall Bus Station and Lidl; strong local transport links
Medium flood risk on site — mitigation required during development
Area classified as deprived with very high crime rates; investor caution advised
Excellent mobile signal and fast broadband — attractive to modern tenants
Price £1,200,000; purchaser responsible for conversion and construction costs
An unusually large town-centre redevelopment opportunity in Rawtenstall, offered with full planning permission (ref: 2020/0018) approved 28 Jan 2021. The scheme converts the landmark Heritage Arcade into 42 apartments, with associated off-street parking and landscaped amenity space — an attractive proposition for investors or developers seeking a single-site, freehold acquisition in a strategic commuter location.
The building retains a prominent stone façade and combines period character with a contemporary residential layout across approximately 28,457 sq ft. The consented scheme includes private gardens and parking for all units, and the site sits opposite Rawtenstall Bus Station and a Lidl supermarket, giving strong local amenity and public-transport access.
Buyers should note material considerations: the immediate area is classified as deprived with very high crime levels and a medium flood risk. The scheme requires delivery of the conversion works and landscaping as permitted, and sale assumes the purchaser will progress construction, marketing and individual apartment sales on the open market.
Priced at £1,200,000 freehold for a very large town-centre plot, this is a clear development or investment play for those comfortable operating in higher-risk urban locations but seeking a substantial residential yield opportunity supported by planning consent.
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