Summary - 140-142, ST JAMESS STREET BB11 1NR
1 bed 1 bath Retail Property (high street)
Large town-centre retail unit with redevelopment potential, sold for cash buyers..
- Double-fronted stone-built high street retail unit, ~1,627 sq ft
- Prominent town-centre position near major national retailers
- Scope to convert first floor to residential, subject to planning
- Further grant funding available from Burnley Borough Council
- Requires full refurbishment; reported structural/derelict issues
- Sale by cash offers only; buyer to verify all services
- Area records very high crime and very high deprivation
- Price quoted exclusive of VAT; VAT may be payable
A rare opportunity to purchase a large double-fronted retail unit in the heart of Burnley town centre. The stone-built, two-storey premises extends to approximately 1,627 sq ft and sits on lower St James Street close to major retailers including Marks & Spencer, Next and Primark — offering high street visibility and strong footfall potential as regeneration continues.
The property is being sold at a competitive price and presents clear repositioning potential: the ground floor could be retained as one or two retail units and the first floor has scope for conversion into residential accommodation (both subject to planning). There is also grant funding available locally to support regeneration projects, which may reduce upfront investment costs for an eligible purchaser.
Important to note: the building requires full refurbishment and has reported structural/derelict issues. The sale is for cash buyers only and the area records very high crime and very high deprivation levels — factors that will affect operating costs, insurance and tenant demand. VAT treatment is unclear; the price is quoted exclusive of VAT and VAT may be payable at the prevailing rate.
This property suits an experienced investor or developer prepared to manage renovation, obtain necessary planning consents and mitigate site-specific risks. With the right capital and a clear refurbishment plan, the premises offers a prominent high-street asset with redevelopment upside.
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