St. James's Street, Burnley 3 bed apartment for sale

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St. James's Street, Burnley 3 bed apartment for sale

St. James's Street, Burnley BB11
£250,000

Our Summary

  • Following rent reviews, there is scope for higher rental in
  • Ideal Investment Opportunity
  • Scope for Further Rental Income

Description

A four-story mixed-use property is available for sale in the heart of Burnley town centre, offering a commercial unit on the ground floor and three self-contained studio flats above. The commercial unit, currently a barber shop, generates £10,296 in annual rental income, while the three studio flats, each measuring approximately 323 square feet, are let at £395 per calendar month, with one flat currently on the market for let. When fully let, the property generates a combined rental income of £24,516 per annum. With its central location, the property has minimal void periods and presents an attractive investment opportunity, with scope for higher rental income following rent reviews.