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17-19 Nicholas St 1,963 sq ft 100% Let Office Property Burnley BB11 2AQ £200,000 (£101.88/sq ft)



Investment Highlights
- Large freehold property and car park
- Town centre location
- Development opportunity
- Recently refurbished
Executive Summary
The property is freehold, and also includes a private freehold car park, making this a rare investment opportunity in the area, town centre car parks are a rare feature of property in the district.
Historically, the property has been used for commercial purposes, most recently and as a business centre. The property was fully refurbished in 2021 to a cost of £70,000, with upgrades including a full electrical rewire, cctv, fire doors, new windows throughout, carpets, kitchen and multiple bathrooms. The property also has a boardroom area, multiple fire exits, a fire escape, communal areas, and is a turnkey solution for office space.
Due to the location, Burnley town centre has become a popular area for change of use and demand for residential demand is extremely high. Previous plans were drawn up by the owner use as a HMO and apartments.
Historically, the property has been used for commercial purposes, most recently and as a business centre. The property was fully refurbished in 2021 to a cost of £70,000, with upgrades including a full electrical rewire, cctv, fire doors, new windows throughout, carpets, kitchen and multiple bathrooms. The property also has a boardroom area, multiple fire exits, a fire escape, communal areas, and is a turnkey solution for office space.
Due to the location, Burnley town centre has become a popular area for change of use and demand for residential demand is extremely high. Previous plans were drawn up by the owner use as a HMO and apartments.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Office
Tenure
Freehold/Long Leasehold
Property Size
1,963 sq ft
Costar Property Class
B
Year Built
1954
Price
£200,000
Price per sq ft
£101.88
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
990 sq ft
Plot ratio
0.56
Total Plot Size
0.08 ac
Amenities
- Security System
- Storage Space
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- Shutdown Events
- -
- 264 sq ft
- -
- -
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| Shutdown Events | - | 264 sq ft | - | - |
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17-19 Nicholas St
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