Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts workDetached house · BB10 1JG
For saleListed 10 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DETACHED SINGLE-STOREY COMMERCIAL PROPERTY CURRENTLY USED AS A LONSTANDING ESTABLISHED BUSINESS An excellent opportunity to acquire a well-established commercial business operating from a versatile property with a range of practical business-use potential.
The property benefits from a welcoming reception area, providing an inviting first impression for customers and visitors.
The reception room features a large front-facing window, allowing an abundance of natural light, alongside gas central heating radiators and a reception desk, creating a comfortable and functional space for greeting clients and managing day-to-day operations.
A spacious and adaptable workshop offers excellent flexibility for a variety of commercial activities.
The room benefits from carpet flooring, built-in storage cupboards, a large front-facing window and a useful sink area, making it suitable for practical work, storage or other business requirements.
Additional accommodation includes a WC and a staircase leading to the loft area, providing further potential for storage or alternative uses, subject to any necessary consents.
The property also benefits from a recently fitted slate roof and on-street parking, with good visibility from passing traffic.
Currently occupied by a well-established business, the property presents an attractive opportunity for an owner-occupier seeking premises for their own commercial venture, or for an investor looking for a property with existing business use.
Its combination of reception space, workshop accommodation and practical facilities makes it suitable for a range of potential commercial uses, subject to planning and any required permissions.
Awaiting EPC RESTRICTIVE COVENANT We understand that residential use will not be permitted within this building.
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
BUR260410/2 Reception Room 3.46m x 4.26m (11' 4" x 14' 0") A welcoming reception area at the entrance to the property, featuring a large front-facing window that allows plenty of natural light.
The room benefits from gas central heating radiators and a reception desk, providing a practical and inviting space for greeting visitors.
There is also access to a WC/changing room and a staircase leading to the loft area.
Workshop 3.54m x 3.77m (11' 7" x 12' 4") A spacious and versatile workshop room featuring carpet flooring, built-in storage cupboards and a large front-facing window providing plenty of natural light.
The room also benefits from a useful sink area, making it ideal for a variety of workshop, creative or practical uses.
WC 0.71m x 1.74m (2' 4" x 5' 9") Handy WC/Changing area External The property benefits from on-street parking and a recently fitted slate roof.
Ideally positioned in an area with a good level of passing foot traffic, offering excellent visibility and potential for a variety of business uses.
Tenure Leasehold Agent's Notes To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations.
We outsource this check to a third party and a charge will apply. Ask the branch for further details.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs

FAQ
About Bright Street, Burnley, Lancashire, BB10
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