investment in BB11

Albion Street, Burnley, Lancashire, BB11 4QD

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Online auction

Alternatively call 0191 580 1587 or email

  • Ground floor retail unit
  • NIA 41.4sqm (446sqft)
  • Planning permission granted
  • For conversion to residential apartment
  • Excellent Investment Opportunity
  • Long leasehold of 999y (from 1864)

investment in BB11

FOR SALE BY ONLINE AUCTION: terms and conditions apply.

We are pleased to offer to auction this ground floor commercial unit, well located in a corner position along Albion Street, Burnley. The unit is current a retail unit, formerly a laundrette, and has been granted full planning to be converted into a residential apartment. This offers a great opportunity either for a buy to let investor or developer, with a minimum yield of 10% easily achievable once developed and refurbished (based from rental figures of £100pw/£5,200pa). Rental demand is high in this area, with many amenities including Manchester Road Train Station and Burnley town centre just a 5 minute walk from the property.

Please note that we have not inspected this property.


  • Property Type: Investment
  • Tenure: Leasehold
  • Parking: On Street


The subject property is located on a prominent corner position along Albion Road and Piccadilly Road, Burnley. The street is a primarily residential area, with good transport links nearby including a bus stop directly opposite and Burnley Manchester Road train station just along the street.


Ground floor retail unit measuring an NIA of approximately 41.4sqm (446sqft).

Planning Permission

The property was granted planning on 22nd April 2020 for the 'conversion of existing ground floor commercial shop unit in to a flat'. Planning reference FUL/2019/0633. There is a project outline in place with full specification and materials confirmed for the conversion including a local architect design/submission, refurbishment team and management. Please direct all planning enquiries to Burnley Borough Council.


Long leasehold of 999 years from 12 January 1864. Title number LA435354.

Rateable Value

The adopted rateable value is £2,700 as of 1st April 2017.
Sourced from VOA.


We currently await a copy of the Energy Performance Certificate.

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

This property is being sold subject to unconditional reservation fee auction terms and conditions.



Contracts will exchange immediately. There are 28 days in which to complete the purchase.


In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 


Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.


More Information

For more information call our auction experts on 0191 206 9335 or email


I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

At the point of registration, you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within three business days.  If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the outstanding balance (if applicable) at which point you can opt to use the same card.  Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid for 10 minutes. After 10 minutes without a bid, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last minute (or second) bidding and makes for a fairer auction as in a live room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
​£250,001 to £750,001 - £2,500 minimum bid 
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions. 

There is no legal pack for this property.