Summary - 3, BANK STREET BB4 6QS
4 bed 1 bath Terraced
Rare central site with income and strong conversion upside for investors.
- Iconic 1932 three-storey stone building with period character
- Ground floor: bright commercial space, high ceilings and large windows
- Part income-producing: £1,300 pcm (£15,600 pa) under current lease
- Residential planning consent reportedly available for upper-floor conversion
- Total area approx. 2,849 sq ft across multiple floors
- Small plot, single bathroom; significant refurbishment likely required
- Located central Rawtenstall with excellent transport links (A682/A681)
- Area records above-average crime; confirm local checks and consents
An iconic three-storey stone building in Rawtenstall, 3 Bank Street offers immediate income and clear redevelopment potential. The ground floor delivers bright, high-ceilinged commercial space with large windows and excellent street frontage on Bank Street and St Mary’s Way — ideal for retail, showroom or office use. Upper floors retain period features and are already described as suitable for residential conversion; residential planning consent is reported, though any final use will require confirmation with the local planning authority.
This freehold property extends to approximately 2,849 sq ft across multiple levels and currently produces rental income (£1,300 pcm / £15,600 pa) under a lease that started April 2023 with break provisions. The location gives strong commuter access (A682/A681) and immediate proximity to Rawtenstall town centre amenities, public transport and local schools, making it attractive to investors or developers targeting mixed-use or apartment conversion.
Buyers should note practical and market considerations: the building sits on a small plot, has only one bathroom, and is in an area with above-average recorded crime levels. While the solid stone construction and historic character are major strengths, the property will require refurbishment and fit-out work to realise residential apartments or updated commercial suites — and formal planning and landlord approvals may still be needed for certain changes.
For investors or experienced developers, this landmark property represents a rare central site with income in place and scope to add value through conversion or repositioning. For owner-occupiers seeking a distinctive period property with business potential, the corner location and prominent frontage deliver immediate visibility and footfall potential.
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