Summary - 129, MARKET STREET PR7 2SG
3 bed 1 bath Commercial Property
**Standout Features:**
- Multi-let investment with diverse rentals: retail unit, offices, and three one-bedroom flats
- Prime town center location with excellent foot traffic
- Ground floor retail unit currently leasing at £17,000 per annum
- Total accommodation spreads across approximately 4,499 sq ft, including basement storage
- Strong rental income potential from residential flats and office spaces
**Concerns:**
- Short lease duration (6 years left) may limit financing options
- High crime rate in local area may affect tenant appeal
- Some maintenance may be needed for older units
This expansive multi-let property, strategically located at the bustling junction of Market Street and Cunliffe Street, offers an exceptional investment opportunity in Chorley’s town center. Spanning an impressive total of 4,499 sq ft, the property boasts a prime retail space on the ground floor, yielding £17,000 annually, along with diverse income from three one-bedroom flats each consistently generating rent. The first-floor offices offer additional flexibility, with one currently occupied and others available for lease.
While the property presents an attractive rental yield, it’s important to note the remaining six years on the retail lease may pose challenges for mortgage lenders. Additionally, the local area's high crime rate could affect long-term rental stability. However, the vibrant town center location ensures a steady influx of customers and prospective tenants, making this an investment with significant potential. Don’t miss the chance to secure this versatile property that perfectly balances retail and residential opportunities in a thriving community.
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