Summary - 157, ST. JAMES'S STREET, BURNLEY BB11 1PD
1 bed 1 bath Retail Property (high street)
Immediate rental income with scope to increase returns through refurbishment.
Prominent full-width glazed shopfront with high pedestrian footfall
This mixed-use high‑street building offers immediate income from a well-presenting ground-floor salon plus a vacant one‑bed maisonette above ready to re-let. The prominent glazed frontage and strong footfall on St. James’s Street support retail turnover and visibility. A long lease (900 years) secures tenure; freehold not offered.
The maisonette is accessed separately and arranged over two floors with an open-plan kitchen/living area, double bedroom, study and modern bathroom. It is vacant and estimated to achieve around £600 PCM; combined with the commercial rent there is scope to reach the advertised circa £1,000 PCM. The cellar provides realistic scope for refurbishment or conversion to add lettable space or storage, subject to consents.
Buyers should note the location is in a very deprived area with a very high recorded crime rate; this will affect tenant demand, insurance and management. The property is leasehold and requires some investment to maximise returns (cellar works, routine refurbishment). There is no garden; front outlook is onto a busy commercial high street.
For an investor seeking an entry-priced, income-producing town‑centre asset the building offers instant cashflow and clear value‑add potential. Factor in local market risks, management responsibilities and likely refurbishment costs when assessing yield and exit plans.
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