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Lot TBG / ERS 030925

Mixed-Use Investment Opportunity – Chorley Town Centre

Guide price £ 1,250,000
Property for sale A modern, curved building with large windows and a "CINEMA" sign at street level—an inviting Chorley investment property where people stroll by or relax at outdoor tables in the warm glow of sunset. Presented by Palace Auctions
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Property for sale A modern, curved building with large windows and a "CINEMA" sign at street level—an inviting Chorley investment property where people stroll by or relax at outdoor tables in the warm glow of sunset. Presented by Palace Auctions
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Description

Chorley investment property presents a rare, fully refurbished opportunity in one of Lancashire’s most dynamic markets. Located directly opposite the M&S Foodhall at 67 Union Street within the bustling Market Walk Extension, this prime asset comprises nine luxury apartments and a 2,000 sq ft commercial unit. Each apartment is completed to an impeccable standard, featuring contemporary kitchens with integrated appliances, designer bathrooms, and open-plan living areas—amenities that have already secured tenant interest prior to launch.

The commercial space offers versatile retail or office use, benefitting from premium frontage onto the pedestrianized Market Walk and high daily foot traffic. With a combined rental income of circa £100,000 per annum, the investment achieves an 8.00% gross rental yield (6.40% net), outperforming local benchmarks. Based on an aggregate GDV of £1.45 million, capital growth potential is 16.00%, delivering a year-one total return of 22.40%.

Chorley’s wider property market continues to outperform regional averages, with forecast house-price growth of up to 14% by year-end and rental growth exceeding 6.5% annually. Excellent transport links—including Chorley Train Station (Manchester–Preston line) within a short walk—and proximity to major employers, leisure amenities, and historic assets like Astley Hall reinforce long-term demand.

A full legal pack is available for review, and viewings are strictly by appointment. This turnkey opportunity is ideal for investors seeking immediate income and significant upside in a prime town-centre location.

Financial Analysis

Side-by-side bar charts: Left compares rental yield for four property types in Chorley Town Centre. Right details financial returns, highlighting a £280,000 total—an attractive mixed-use investment opportunity. Presented by Palace Auctions
Side-by-side bar charts: Left compares rental yield for four property types in Chorley Town Centre. Right details financial returns, highlighting a £280,000 total—an attractive mixed-use investment opportunity. Presented by Palace Auctions


Figure 1: Rental Yield & ROI Breakdown

Metric Value
Annual Rental Income £100,000
Guide Price £1,250,000
Gross Rental Yield 8.00%
Net Rental Yield 6.40%
Capital Appreciation Potential 16.00%
Total Return (Year 1) 22.40%

Income

Annual Income: £100,000 (fully let)

Location

Facing M&S Foodhall at 67 Union Street, this site sits in the heart of Chorley’s Market Walk Extension, steps from the Flat Iron car park, restaurants, and public transport hubs. 

Links: Chorley Area Guide
External Links:

Listing Updated: 03/09/2025 09:10 BST

Get in touch

Edward Swindells Auctioneer Consultant Auctioneer & Valuer

Map

Income
Annual Income: £100,000 (fully let)
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Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

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