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5 bedroom property for sale
Park Road, Chorley, PR7
£318,500
Park Road, Chorley, PR7
£318,500
Our Summary
- There is a large garden at the rear which there is a potential planning for building or extending the property (STPP)
- Full planning permission has been granted for the basement to be renovated into a two bedroom flat which would comprise of a lounge/kitchen, two bedrooms and a bathroom
Description
This property is a three-storey building with a basement, located on the edge of Chorley town centre, offering a unique opportunity to purchase a multi-usage commercial and residential building. The property comprises of two commercial units, currently occupied by a barbers and a salon, generating £16,600 per annum in rental income. Additionally, there are two residential flats, one on the first floor and one on the top floor, which could be let out for £1,700 per month or £2,100 per month for a HMO. The basement has planning permission to be converted into a two-bedroom flat, with a significant amount of work already completed, including insulation, concrete flooring, and underfloor heating. The property also features a large garden at the rear, with potential for further development or extension, subject to planning permission.