This two-storey retail investment opportunity spans 3,051 sq.ft. and features a traditional construction style with full-height brick facades and a pitched slate roof. The property currently accommodates a combination of retail spaces, office areas, and back-office facilities. It is leased to Lloyds Bank Plc under a three-year term that commenced in March 2023, providing an annual rental income of £21,750.
Notably, the property holds significant renovation potential with granted planning permission for the demolition of the existing structure and the development of a new three-storey mixed-use building. The approved plans include two ground-floor commercial units along with twelve residential apartments—comprising eight one-bedroom units and six two-bedroom units (Planning Reference 11548/21). This presents an excellent opportunity for investors looking to enhance their income through redevelopment or by actively managing current tenants.
The location boasts prominent visibility along Market Street, situated near various retail, trade, and leisure establishments. Its strategic position provides convenient access to nearby towns like Bolton (2.8 miles) and Manchester (9.4 miles), as well as proximity to Junction 21 of the M61 motorway (1.2 miles). Notable neighboring businesses include Home Bargains and Al Murad Tiles, contributing to the area's vibrant commercial environment.
With parking available for three vehicles, this property offers practical features that add value for both current operations and future developments, making it an attractive prospect for forward-thinking investors or developers aiming to capitalize on its existing framework while exploring new growth avenues.
