Summary - 31 - 39 MANCHESTER ROAD BURNLEY BB11 1HG
1 bed 1 bath Commercial Property
Immediate income-producing investment with recent full refurbishment and strong visibility.
- Mixed-use: 4 commercial units and 6 apartments (4 x 2-bed, 2 x 1-bed)
- Current net rent £94,290 pa (figures exclusive of VAT)
- Price £999,950 reflecting c.9% net initial yield
- Fully renovated in 2020 to modern specification throughout
- Building size c.8,500 sq ft across three storeys
- Prominent corner location with strong town-centre footfall
- Area is very deprived with very high local crime levels
- No gas to the premises; VAT applies to quoted figures
A well-located mixed-use investment in central Burnley, this corner building blends four high-spec commercial units with six newly renovated apartments. The property was comprehensively refurbished in 2020, delivering modern finishes, quality appliances in the flats and self-contained retail/office suites at ground and basement level. Current net rent is £94,290 pa (figures quoted are exclusive of VAT).
The asset produces immediate income from established occupiers including a care business and beauty operators; all commercial units are separately accessed and let, and the six apartments (four 2-bed, two 1-bed) are fully let. The building extends to approximately 8,500 sqft across three storeys and occupies a prominent corner position at Manchester Road and Hargreaves Street, benefiting from high visibility and nearby town-centre amenities and footfall.
Considerations for buyers: the area scores as very deprived with very high local crime levels, which may influence tenant mix, yields and management costs. Gas is not available to the premises (all mains except gas), and VAT is applicable to the quoted figures. EPC available on request. The sale price reflects a net initial yield of c.9% at £999,950, aimed at investors seeking an income-producing town-centre holding with a recent renovation.
This property suits investors targeting immediate income and capitalising on Burnley town-centre demand for quality rented apartments and occupied retail/office space. Ownership should budget for active asset management and local market sensitivities given area deprivation and crime statistics.
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