Featured Listing –  Commercial Investment Property

7-11 Kings Street, Bacup, is a truly exceptional Grade II listed property that represents a unique investment opportunity in the heart of a thriving Lancashire town. This historic building, which dates back to 1865 and was once the head office of The Bacup Times, is not only steeped in local heritage but also offers a robust and reliable income stream from established tenants. Offered for sale by Blacks Brokers at £394,995, this property is ideal for investors, business owners, or anyone looking to acquire a prime central location with both commercial and residential elements.

The property is strategically located on King Street, one of the main trading routes through Bacup. This prime position places the building amidst a vibrant commercial environment, with a diverse mix of local independent retailers and large multiples, including Morrisons and The Post Office, in the immediate vicinity. Bacup itself is a bustling town with a rich history and a strong community, offering nearby amenities such as a medical centre, theatre, and schools. Excellent public transport links connect the town to surrounding areas, and convenient parking is available immediately outside the property, making it highly accessible for both customers and residents.

7-11 Kings Street is divided into three commercial units and four residential apartments, all of which are currently fully tenanted. The commercial units each measure approximately 1,200 square feet, providing spacious, versatile spaces suitable for a variety of businesses. 7 King Street is home to a well-presented nail salon and hairdressing business, which includes a private treatment room, kitchen, and bathroom facilities. The adjoining units at 9 and 11 King Street are currently operated as a sunbed lounge and beauty parlour. These units feature a traditional shop frontage and generous internal space, including private beauty and treatment rooms as well as individual sunbed rooms, all finished to a high standard.

The four residential apartments occupy the first and second floors of the property. Flats 11A, 11B, and 11C are one-bedroom duplex apartments, each with a fully fitted kitchen, bathroom, and living space. Flat 11D is a larger two-bedroom apartment, complete with a kitchen, family bathroom, and spacious living room. Together, the residential units provide a reliable and attractive income stream, with all apartments currently tenanted by long-standing occupants.

In addition to its current commercial and residential offerings, the property also boasts a large lower ground floor (basement) that is currently unused. This area presents significant development potential, whether for additional commercial use, storage, or further residential accommodation, providing an opportunity to enhance the property’s value and income potential even further.

Financially, 7-11 Kings Street generates a combined rental income of £35,700 per annum. This is broken down as follows: 7 King Street – Nail Salon generates £4,800; 9 and 11 King Street – Sunbed Lounge and Beauty Parlour bring in £6,000; Flat 11A provides £5,400; Flat 11B contributes £6,300; Flat 11C offers £5,700; and Flat 11D delivers £7,500. This steady rental income, combined with the property’s historic charm and prime location, makes it an attractive investment for those looking to acquire a property that balances character, history, and strong financial performance.

The property’s heritage adds significant character and appeal. As a Grade II listed building, it retains many original features and charm, while also being highly recognisable as a landmark in Bacup. Its historical significance and central position ensure that it remains a key feature of the local landscape, attracting interest not only from commercial tenants but also from those looking for unique and well-located residential accommodation.

For prospective buyers, 7-11 Kings Street represents a rare opportunity to acquire a high-profile property with multiple income streams in a thriving town centre. The combination of established businesses, well-maintained residential units, and development potential in the basement makes this an investment that promises both immediate returns and long-term growth.

The current owner has managed the property meticulously for many years and is now looking to retire. This sale provides an opportunity for the new owner to take over a fully operational, income-generating property without the need for significant immediate investment. The building’s strong tenant base ensures a smooth transition and continued revenue from day one, making it an ideal acquisition for investors, entrepreneurs, or those looking to expand a property portfolio in the region.

In summary, 7-11 Kings Street is a stunning Grade II listed property in an enviable trading position in central Bacup. With a combination of retail and residential units, a strong rental income, a prime location, and significant development potential, this property is a rare find in the current market. Offered at £394,995, early viewings are strongly recommended to fully appreciate the opportunity on offer. For anyone seeking a historic property with reliable income and long-term growth potential, 7-11 Kings Street is an investment not to be missed.