5 bed flat for sale

West Street, Colne, Lancashire BB8

West Street, Colne - Development Opportunity

An excellent investment and development opportunity to acquire this substantial end-terrace property situated on the popular West Street, Colne, within easy walking distance of the town centre and its wide range of shops, amenities, transport links, schools, and local facilities.

The property is currently an unfinished renovation project and is being offered for sale in its current condition due to unforeseen circumstances preventing the vendor from completing the works. Set over four floors, the property presents an exciting opportunity for investors, builders, and developers looking to add significant value.

Plans have been prepared to convert the building into two self-contained flats comprising:

Ground Floor/Basement Flat: Three bedrooms, open-plan lounge/kitchen, and bathroom.
Upper Floor Duplex Flat: Two bedrooms, lounge/kitchen, and bathroom.

The property has already benefited from underpinning works, providing a solid foundation for the development to continue. The vendor is also willing to leave any remaining building materials on site to assist the purchaser in completing the project.

Please note that the property is currently in shell condition and is not considered mortgageable, therefore cash purchasers are invited. The property will be sold with vacant possession.

Upon completion of the proposed works, the property is expected to achieve an estimated end value of approximately £180,000, offering the potential for an attractive return on investment.

Early viewing is highly recommended to fully appreciate the size, potential, and opportunity on offer.

Full planning permission has been granted for the proposed conversion. Interested parties should satisfy themselves regarding any planning conditions, building regulations and other statutory requirements relating to the approved development.