House · BB7 9SP
For saleListed 391 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A SUBSTANTIAL COMMERCIAL PREMISES IN THE HEART OF WHALLEY To be sold via online auction - powered by The Auction Group Situated in the vibrant heart of Whalley, this substantial commercial premises on King Street presents an exceptional opportunity for those seeking to establish or expand their business.
Spanning approximately 1700 square feet, the property boasts a generously proportioned restaurant area, ideal for creating a welcoming dining experience.
The layout includes a large kitchen, well-equipped to handle a busy service, alongside customer toilets and ample storage space located on the first floor.
The generous bar area complements the restaurant, providing a perfect setting for patrons to enjoy a drink in a relaxed atmosphere.
With seating capacity for approximately 70 covers, this venue is well-suited for both intimate gatherings and larger events.Additionally, the property offers the convenience of one parking space to the rear.
This prime location in Whalley ensures high foot traffic and visibility, making it an attractive proposition for any commercial venture.
Whether you are looking to launch a new restaurant or expand an existing business, this property presents a remarkable opportunity to thrive in a bustling community.
To be sold via Online Auction, via unconditional terms, completion strictly within 28 days Bidding window opens - TBC Auction Ends-TBC Starting price - £360000 (Reserve price is higher & unpublished) Fees All fees are payable by banks transfer only (we do not take card payments ) Buyers premium - Please note that there is a buyers premium that applies to this lot ( £15000 including VAT ) payable by the buyer within 2 hours of winning the auction.
The buyers premium does not constitute part of the sale price, this is the auctioneers fee and is to be paid over and above the sale price paid to the vendor.
Searches - searches have been ordered and will be made available for download Ground Floor Hardwood double glazed door to vestibule.
Entrance Vestibule 0.99m x 1.04m Door leading to main restaurant.
Restaurant 5.97m x 20.14m Bar area, space for tables, chairs and access at the bottom down to the toilets Ladies WC 2.18m x 3.43m Two dual flush WC's, two vanity top wash basins with mixer taps, vinyl flooring and spotlights.
Gents WC 1.02m x 4.06m Low flush WC, urinal trough, wall mounted wash basin with mixer tap and vinyl flooring.
Rear Hall 0.89m x 1.88m Terracotta tiles, door to rear and open doorway to kitchen.
Kitchen 3.3m x 7.7m Two hard wood single glazed windows, tiled elevation, tiled floor, wall mounted boiler, double stainless steel sink, double draining boards and traditional taps.
Rear Yard with steps leading up a fire escape stairs to a door leading into a first floor landing area.
Toilet Area Low flush WC, wall mounted wash basin with cold tap and a Saniflow hot tap Storage Room 3.58m x 3.94m Shelving Store Room 2.51m x 3.96m
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About King Street, Whalley, BB7
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