Burnley, BB10 1DU

PRIME INVESTMENT OPPORTUNITY! This impressive 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, which are all let. With both residential and commercial elements, this stunning grade II listed 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 has scope for further development. 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!