Summary - HIGH STREET CHAMBERS, 32-34, HIGH STREET PR7 1DU
1 bed 1 bath Commercial Property
Town-centre mixed-use building with income and conversion potential, subject to consents..
Large three-storey stone-fronted building in Chorley town centre
This substantial three-storey, stone-fronted building on Chorley High Street combines two ground-floor retail lettings with vacant upper-floor offices, offering immediate rental income and conversion upside. The town-centre position delivers strong pedestrian flow and excellent transport links, close to the railway station and public car parks.
Upper floors are vacant and extend to about 2,788 sq ft in total, presenting a clear opportunity for refurbishment or redevelopment subject to planning consent. The property’s period character and tall frontage lend well to attractive residential or continued office layouts, but conversion will require planning approval and likely refurbishment work to modern standards.
There are two existing retail tenants producing income (£8,320 and £14,400 pa), reducing initial void risk. However, the building is in a very deprived area with very high local crime levels — factors that will influence rental levels, tenant demand and future valuations. Services are reported as present but untested; interested buyers must satisfy themselves on condition, compliance and repair liabilities.
This is a value-driven proposition for an investor or developer willing to manage town-centre risk and capital works. The mix of income and clear scope for creating residential units (subject to consent) could produce enhanced returns, but expect refurbishment costs, potential planning delays and higher management overhead in this location.
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