This substantial end-terrace property on West Street, Colne presents a significant investment and development opportunity. Located within a short walk of the town centre, it offers easy access to local shops, amenities, and transport links. Currently in an unfinished state, the property is being sold as-is due to unforeseen circumstances that have halted renovation efforts. With four floors to work with, this project is ideal for investors or developers eager to capitalize on its potential for value addition.
Plans are already in place to convert the building into two separate flats: a ground floor/basement flat featuring three bedrooms, an open-plan lounge/kitchen, and a bathroom; and an upper-floor duplex flat with two bedrooms, a lounge/kitchen area, and another bathroom. Underpinning works have been completed, ensuring a solid foundation for further development.
The property is offered with any remaining building materials available on-site to assist the new owner in completing the project. As it stands in shell condition and is not mortgageable, cash purchasers are preferred. Upon completion of the renovations, the estimated value could rise to around £180,000, making this an enticing venture for those looking to invest wisely.
Full planning permission has been granted for the proposed conversion; interested buyers should review any relevant planning conditions and regulations before proceeding.
