Residential Development, Colne Road, Burnley, BB10

Offered for sale via Modern Method of Auction, starting bid £700,000 plus fees

The Duke of York is one of Burnley's most recognisable landmarks — a Grade II listed building of genuine architectural distinction now presenting a compelling investment case. Eight fully let duplex apartments deliver an immediate rental income stream, while the ground floor carries pre-planning consent for residential conversion, unlocking further value for the right buyer.

Whether you are expanding a social housing portfolio, adding a heritage asset to a pension fund, or pursuing an active development programme, this building offers a rare combination of history, income, and potential — all in one of Lancashire's most prominent and storied properties.

Key Investment Highlights

•     Immediate rental yield — Eight duplex apartments fully tenanted, producing income from completion with no void period.

•     Unlock further value — Ground floor pre-planning consent for residential or commercial use — a flexible platform to maximise the asset.

•     Development upside — Ground floor conversion could substantially increase the overall yield and capital value of the building.

•     Grade II listed status — Heritage designation provides capital protection, planning protections, and potential access to tax reliefs and grant funding.

•     High-visibility landmark — Iconic, prominent position on Colne Road with strong community presence and long-term desirability.

•     Buy-hold or develop — Suitable for income-only strategies, value-add refurbishment, or a full development programme — flexible for a wide range of buyers.

•     Strong yields — Burnley offers significantly stronger yields relative to southern markets with growing demand for quality rental stock.

Target Buyers

Housing Associations - A turnkey registered social housing opportunity with existing tenancies and heritage credentials. Pre-planning on the ground floor creates a clear pathway to expanding provision on-site.

Property Developers - An income-backed development platform. Eight fully let apartments fund your programme whilst you unlock ground floor consent and deliver additional units. Heritage status may attract grant support.

Pension Portfolios & SIPPs - A stable, long-horizon income asset with multi-unit diversification, inflation-linkable rents, growth optionality from the ground floor, and the capital protection of a listed, irreplaceable building.

Register Your Interest

The Duke of York is available for immediate sale. Full financial particulars, tenancy schedules, and planning documentation are available upon request. Early viewings strongly recommended.