Summary - 36 PARK ROAD CHORLEY PR7 1QU
5 bed 2 bath Not Specified
Freehold mixed-use property with planning for a two-bed basement flat and rental income potential.
Freehold mixed-use Victorian terrace with two shops and two flats
This multi-use Victorian terrace at 36 Park Road offers an income-generating footprint close to Chorley town centre. The building comprises two ground-floor shops and two residential flats across three storeys plus a basement, all on a freehold title. Full planning permission exists to convert the basement into a two-bedroom flat; substantial groundwork and tanking are already completed.
The property currently produces income from two trades (barbers £7,500pa; salon £8,100pa) and has a rentable three-bedroom flat and potential lettings for the basement two-bed. Estimated rents provided indicate clear investor upside, including HMO potential for higher yields. Good transport links (bus, train, M61), fast broadband and excellent mobile signal support both commercial and residential tenants.
Important considerations: the wider area is classified as deprived with high local crime levels and lower degree-educated population percentages. The property will suit an investor or developer comfortable managing tenants, local planning processes and some remaining renovation tasks. Councils should be consulted directly for any planning enquiries and compliance.
Overall this is a practical, value-driven purchase for a buyer seeking a freehold mixed-use asset with redevelopment potential and immediate rental income, balanced against local area challenges and remaining refurbishment requirements.
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