Summary - 41, 43 & 45 Hammerton Street, Burnley , Lancashire , BB11 1LT BB11 1LT
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime town centre location with high foot traffic
- Generating £22,000 p.a. from three commercial leases
- Planning approved for conversion into 9 residential units
- Recently renovated with grant-funded improvements
- Over 4,167 sq ft of space, offering substantial investment potential
This impressive three-storey stone-built property presents a unique investment opportunity in a bustling town centre. Currently, the ground floor hosts three retail units generating a steady income of £22,000 per annum, while the expansive first and second floors—currently designed as nine vacant offices—are poised for lucrative conversion into nine residential units, thanks to recently approved planning.
With over 4,100 square feet of space, this building is not only historically charming but also modernized with double-glazed sash windows and energy-efficient features. The potential rental income could surge to £70,000 per annum post-conversion, appealing to investors looking for substantial returns. The property is conveniently located near a variety of amenities and schools, which enhances its desirability for future residential tenants.
While it boasts great potential, it's essential to note that the property is located in an area with high crime rates and significant deprivation—factors that may influence residential demand. Nonetheless, with its solid structure and grant-backed renovation, this property could become a prime residence or investment opportunity for those willing to capitalize on its conversion potential. Act quickly—properties in prime locations with such versatile uses are rarely on the market for long!
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