5 bed flat for sale

Park Road, Chorley PR7

*** two commercial properties, three bed flat & two bed flat ***

Ben Rose Estate Agents are pleased to present to market this unique investor opportunity situated in the heart of Chorley, just a short five-minute walk from the bustling town centre. This three-storey building with a basement comprises two commercial properties and two residential flats. The property benefits from its close proximity to local amenities, excellent travel links including local bus routes, Chorley Train Station, and the M61 motorway, making it a prime location for both residential and commercial tenants.

On the ground floor, you are welcomed by three separate entrances. Two of these lead to the commercial properties, one of which is currently vacant and offers an excellent opportunity for a new business with a full pallet of floor tiles and enough insulation and plaster board to complete the renovation. The other is occupied by a barber, generating a rental income of £625 pcm. The barber's current three-year lease is coming to an end, but he has expressed a desire to renew for another three years, ensuring continued rental income. The third entrance provides access to the upstairs residential flat.

Ascending to the first floor, the entrance hallway leads you up the stairs where you find Bedroom Three, featuring two windows that fill the room with natural light. A few more steps take you to the open-plan kitchen/breakfast room on the right side of the landing. This modern kitchen boasts integrated appliances including a double oven, fridge/freezer, and dishwasher, as well as an island with an integrated hob, washing machine, and ample cupboard space. The kitchen seamlessly flows into the spacious lounge, which features a fireplace and a 75” TV mounted above it. The first floor also includes a newly fitted four-piece family bathroom with an overhead shower and a jet bath. Across the landing, the master bedroom offers a spacious retreat with a feature ceiling and a large window, while Bedroom Two is also generously sized with its own window.

The basement presents an exciting development opportunity to create a large two-bedroom flat. The space includes an open-plan area designated for a kitchen/lounge, two large double bedrooms, a family bathroom, and a sizable back yard area perfect for transforming into a garden. Significant development work has already been undertaken, including a full dugout, insulation, concrete flooring, and tanking. The framing and rsj steels for two supporting walls are in place, with electric and water installations pending sign-off. Full planning permission has been granted and all renovation plans are paid for (including soundproofing, insulation etc) further details can be provided if required.

Externally, the property benefits from street parking at the front. At the rear, there is ample potential for creating a landscaped garden, enhancing the living space for future residents and adding value to the property. This unique investment opportunity, with its blend of commercial and residential potential, is not to be missed.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.