Duke Of York Apartments 129 Colne Rd 16,752 SF 100% Leased Retail Building Burnley BB10 1LN $1,074,157 ($64.12/SF)
INVESTMENT HIGHLIGHTS
- Investment Opportunity
- 1 Mile from Burnley Town Centre
- Full management and maintenance team in place.
- Prominent Main Road Position
- Well located for local amenities
EXECUTIVE SUMMARY
Prime Investment Opportunity!
This impressive Grade II listed, stone-built former iconic hotel offers a substantial income-generating opportunity, set in a prominent and highly visible location in the heart of Burnley. The property has been fully refurbished into a modern mixed-use complex, featuring two open-plan dual aspect retail units on the ground floor and 8 high-quality 2-3 bedroom apartments across the upper floors.
With both residential and commercial elements, this property offers multiple income streams, making it an ideal investment for those seeking stability and long-term returns. The apartments, recently refurbished to a sleek, contemporary standard, are fully let to working professionals, ensuring a steady rental income. The vacant retail units are ready for immediate occupation, offering the potential for instant returns through a variety of commercial uses. Additionally, preplanning for residential has previously been submitted for the ground floor should that be a preferred investment. There is also a full basement which
Security and convenience are top priorities, with 24-hour CCTV coverage, a secure keypad entry system, and HD visual intercoms in each apartment, providing tenants with peace of mind. There is also a management company in place which any buyers can inherit for convenience. Additionally, the property includes a basement offering storage for both commercial and residential tenants, further enhancing its appeal and functionality.
The Duke of York Apartments offer highly desirable, premium accommodation in an excellent location, close to the UCLAN campus, Burnley General Hospital, and Boohoo—one of the town’s major employers. This prime location guarantees consistent demand for both residential and commercial space, making it an outstanding investment opportunity with significant potential for both capital growth and steady rental income.
Don’t miss out on this lucrative opportunity in a thriving, high-demand area!
This impressive Grade II listed, stone-built former iconic hotel offers a substantial income-generating opportunity, set in a prominent and highly visible location in the heart of Burnley. The property has been fully refurbished into a modern mixed-use complex, featuring two open-plan dual aspect retail units on the ground floor and 8 high-quality 2-3 bedroom apartments across the upper floors.
With both residential and commercial elements, this property offers multiple income streams, making it an ideal investment for those seeking stability and long-term returns. The apartments, recently refurbished to a sleek, contemporary standard, are fully let to working professionals, ensuring a steady rental income. The vacant retail units are ready for immediate occupation, offering the potential for instant returns through a variety of commercial uses. Additionally, preplanning for residential has previously been submitted for the ground floor should that be a preferred investment. There is also a full basement which
Security and convenience are top priorities, with 24-hour CCTV coverage, a secure keypad entry system, and HD visual intercoms in each apartment, providing tenants with peace of mind. There is also a management company in place which any buyers can inherit for convenience. Additionally, the property includes a basement offering storage for both commercial and residential tenants, further enhancing its appeal and functionality.
The Duke of York Apartments offer highly desirable, premium accommodation in an excellent location, close to the UCLAN campus, Burnley General Hospital, and Boohoo—one of the town’s major employers. This prime location guarantees consistent demand for both residential and commercial space, making it an outstanding investment opportunity with significant potential for both capital growth and steady rental income.
Don’t miss out on this lucrative opportunity in a thriving, high-demand area!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
16,752 SF
Building Class
B
Year Built
1891
Price
$1,074,157
Price Per SF
$64.12
Percent Leased
100%
Building Height
4 Stories
Frontage
120’ on Colne Road
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
