Summary - 15, STANDISH STREET BB11 1AP
1 bed 1 bath Retail Property (high street)
**Key Features:**
- Stone-built retail property on busy Standish Street, Burnley.
- Long-standing tenant (hairdressing salon) generating £7,800 per annum rent.
- Attractive yield of 7.8% before purchasing costs.
- 574 sq. ft. of retail space with modern kitchen and bathroom facilities.
- Close to major retailers such as Primark, Next, Marks & Spencer, and the new Pioneer Place cinema and restaurant development.
- On-street parking available but with restrictions.
- Ideal investment for SIPP or SSAS.
Nestled in the vibrant heart of Burnley, this stone-built retail property presents an outstanding investment opportunity with strong potential for growth. Currently home to a well-established hairdressing salon that has successfully operated for approximately 17 years, it offers an attractive yield of 7.8%, making it an ideal choice for savvy investors looking to capitalize on a reliable income stream.
With its prime location on Standish Street, the property boasts impressive foot traffic and is positioned near popular retailers and entertainment venues, enhancing its accessibility and attractiveness to potential customers. Spanning 574 sq. ft., it features modern amenities, including a kitchen and bathroom, facilitating a seamless transition for the new owner or tenant. The property enjoys easy access to on-street parking, albeit with some restrictions, and is strategically situated close to university facilities, promising a diverse clientele.
Although the local area faces challenges, including high crime rates and deprivation, its bustling community atmosphere offers unique possibilities—particularly for long-term investors aiming to tap into the evolving retail landscape. Opportunities like this are rare, so don’t hesitate to explore the potential of this high street gem before it’s gone!
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