Summary - 10 SPRING LANE COLNE BB8 9BD
1 bed 1 bath Commercial Property
Ready-made cashflow with seven tenanted suites and room to increase rents.
Eleven commercial units over four floors with stone-built frontage
Seven units currently let producing £20,501.28 per annum
Secured entrance and intercom system for tenant access
Circa 900 years remaining on lease (leasehold tenure)
Four vacant units — scope to increase rental income
Electric heating in each unit may deter energy-conscious tenants
Located near North Valley Roundabout with strong passing trade
Situated in a deprived area with high local crime levels
This substantial stone-built property on Spring Lane is presented as a multi-unit business centre over four floors, ideal for investors seeking immediate income. Eleven commercial/studio units sit under one title, seven currently let producing £20,501.28 per annum, delivering instant cashflow and an established tenant base. The building benefits from high-street exposure close to North Valley Roundabout and a secured entrance with intercom control.
The accommodation is versatile: ground-floor salon and beauty room, a large basement suitable for storage or conversion, first-floor retail and fitness uses, and top-floor offices with some vacancies offering short-term growth potential. Each unit has electric heating and separate access, simplifying management and potential re-letting. The long lease (circa 900 years) reduces tenure risk for investors.
Buyers should note clear drawbacks: the property sits in a deprived area with high local crime levels, which can affect tenant demand and rental values. Several units are currently vacant, so rental income is not fully optimised; some spaces may need cosmetic upgrading and marketing to reach full rental potential. Electric heating in each unit can be costly for occupiers and may deter energy-conscious tenants.
Overall this is a pragmatic investment for a buyer prepared to manage mixed commercial tenants and to refurbish or reconfigure vacant suites to maximise income. The combination of immediate yield, central location, and scope to increase occupancy makes it a straightforward value-driven purchase, provided investors factor in local area challenges and ongoing management needs.
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