For sale Commercial Property

40 KING STREET

BLACKBURN, BLACKBURN WITH DARWEN BB2 2DH

1 beds Listed 9 Aug 2024 (-684d)

£375,000

Guide Price

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Property details

Last sold

£52,000 Jan 2003

Local average

£357,899 (+4.8%)

Deprivation

Decile 1 (44 of 33,755)

Street crime

601 incidents within 1 mile (Apr 2026)

Additional details

Parking
Yes

Description

Veterinary Surgery & Offices Premises
40 King Street, Blackburn BB2 2DH

A freehold investment of a commercial premises currently occupied by Town & Country Vetinary Group under the terms of a current 10 year lease from November 2025. The passing rent is £30,000 per annum.

A modern veterinary practice premises within a listed building which was renovated in circa 2002/2003 constructed of brick wall elevations under pitch slate roof plus single storey extension to rear, located in Blackburn town centre occupied as a veterinary surgery and offices for many years.
The premises extends to approximately 280 sq.m (3,015 sq.ft) gross internal floor area over four floors plus basement and briefly affords the following accommodation;

GROUND FLOOR

Reception/waiting area 5.78 m x 3.0 m plus 3.75 m x 2.12 m Suspended ceiling, double glazed windows to front

Stores Room 2.27 m x 1.87 m +1.78 m x 2.63 m

Consulting Room 2.61 m x 2.26 m with wash hand basin

Inner Corridor 3.20 m x 1.95 m +3.54 m x 1.01 m stairs to basement and stairs to first floor

Toilet 1.74 m x 1.11 m Comprising low flush WC, Wash hand basin

Consulting Room to 2.6 m x 2.25 m with wash hand basin

Consulting Room 33.02 m x 2.25 m Fitted base units, laminate worktops, inset single drainer stainless steel sink, leading through to;

Stores Area 2.88 m x 1.84 m Fitted base units with laminate worktop, Velux rooflight

Operating Room 3.28 m x 2.87 m Velux rooflight, part tiled walls

Kennels Room 3.09 m x 2.39 m Wall mounted CombI boiler, fire door exit

Utility Room 2.71 m x 1.66 m Fitted base units with laminate worktop inset single drainer stainless steel sink, fire door exit

BASEMENT

Corridor 4.50 m x 1.72 m stairwell and open understands storage, tiled floor

Basement room 1. 5.64 m x 4.72 m

Basement room 2. 4.12 m x 3.73 m

FIRST FLOOR

Stairwell 4.44 m x 1.87 m

Hallway 2.95 m x 1.07 m with fitted shelving

Staff Room 4.28 m x 3.75 m
Fitted base units, Laminate worktop with inset single drainer stainless steel sink, 2x separate WC's comprising low flush WC and wash hand basin

Office 3.89 m x 3.7 m +1.2 m x 2.7 m

Office 3.71 m x 1.84 m

SECOND FLOOR

Hallway 2.09 m x 1.15 m

Office 4.95 m x 5.81 m

Stores Room 2.06 m x 2.05 m

Laboratory 3.78 m x 2.1 m Fitted with base units, laminate worktops single drainer stainless steel sink, Wall mounted gas boiler

THIRD FLOOR

Bedsit Staff Accommodation 6.86 m x 5.75 m
Comprising kitchenette with fitted drawers and laminate worktop, inset four ring electric hob, Single drainer stainless steel sink, electric oven, 3x Velux rooflights, separate ensuite comprises shower cubicle, low flush WC and wash hand basin

OUTSIDE
Private car parking to rear of premises. The property adjoins King Street pay and display car park.

GENERAL PROPERTY COMMENTARY

Tenure
The property is understood to be held freehold in title.

Tenancies
We are verbally advised that the premises is occupied by Independent Vetcare Limited trading asTown & Country Vetinary Group
under the terms of a full repairing and insuring lease for 10 years from November 2025 at a rent of £30,000 per annum.
Rent payable monthly in advance plus annual insurance rent. Full repairing lease.
The lease is not contracted out of the Landlord and Tenant Act 1954 sections.24-28
Permitted use under the lease - Veterinary surgery or hospital or associated activity.

Non-domestic business rates
Blackburn with Darwen Council Rateable Value £10,500 as from 1 April 2026

Services
We are verbally advised that mains water, electricity, gas are connected. Connection to the public sewers.

Rights of Way, Easements, Wayleaves etc
We have not been made aware of any rights of way which may otherwise affect the premises.

Planning
We make the assumption that the premises conforms to its current planning use as a veterinary practice.

Non-Domestic Energy Performance Certificate (EPC)
The subject premises has an existing EPC assessment valid until 11 February 2036 with an energy performance asset rating of 73 'Band C'.


Asking Price reduced to £ 375,000

Viewing
The premises is occupied therefore viewings are by strict appointment with the selling agent.
Contact

Directions: What3Words spare.cotton.deck


These details do not form any part of a binding contract of sale of the property and are produced subject to contract.The vendor is not required to accept the highest or any offer made and may withdraw the property from sale.

Consumer Protection from Unfair Trading Regulations 2008 & Business Protection from Misleading Marketing Regulations 2008

SHP VALUERS Ltd for themselves and for vendors of this property who are agents on behalf of give notice that:
(i) the particulars are set out as guidance of intended purchasers and do not constitute, nor constitute part of, an offer or contract;
(ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given as a fair representation of the
property at the time of first marketing the property, whilst interested parties must satisfy themselves by making a full inspection of the property;
(iii) no person in the employment of SHP VALUERS Ltd has any authority to make or give any representation or warranty whatever in relation to this property

Listed by

Preston

SHP VALUERS

Reference: 151163969

Flood risk

Zone: 1

Risk: Low

Job (default Low)

EPC Graphs

EPC Link

EPC Link

Price history

Event Date Price % change
Listed for sale £375,000 +621.2%
Sold 21/01/2003 (23 years ago) £52,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
UNION HOUSE ST PETER STREET, BLACKBURN, BLACKBURN WITH DARWEN, BB2 2HL £760,000 27/03/2025 Other
15 KING STREET, BLACKBURN, BLACKBURN WITH DARWEN, BB2 2DH £355,000 25/08/2023 Other
3 CORPORATION STREET, BLACKBURN, BLACKBURN WITH DARWEN, BB2 1LB £150,000 14/07/2023 Other
KINGS COURT, 33 SUITE 1 KING STREET, BLACKBURN, BLACKBURN WITH DARWEN, BB2 2DH £500,000 30/12/2022 Other

Area average: £441,250 (4 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -93.2%
10y growth 94.7%

House Price Index (HM Land Registry — official index, not sold-price averages): Blackburn with Darwen. Series: All dwelling types. As of March 2026.

1y (index) -1%
5y (index) 26.2%
10y (index) 62.5%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: CARTWRIGHT & RIMMER PROPERTIES LIMITED (09572773)

Rental Range

Estimated market rent for Blackburn with Darwen. Low = conservative, Realistic = average, Optimistic = best case.

Low £640/mo
Realistic £711/mo
Optimistic £782/mo

Based on Local Authority from postcode lookup → Blackburn with Darwen.

LHA (30th percentile) floor for East Lancs: £424/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Furniture Outlet 0.0 miles
Shop Outdoor Action 0.0 miles
Bus stop Blackburn Town Centre by St Peters Street 0.1 miles
Bus stop Blackburn opp Feilden Street 0.1 miles
Train station Blackburn 0.3 miles
Train station Mill Hill 1.0 miles
Hospital The Beardwood Hospital 1.2 miles
Hospital Greater Lancashire Hospital 7.1 miles
University UClan burnley temp 10.0 miles
University Westleigh Conference Centre 11.7 miles

Street-level crime

Category Count
Violence and sexual offences 218
Anti-social behaviour 120
Criminal damage and arson 56
Public order 49
Shoplifting 42
Other theft 31
Drugs 23
Vehicle crime 18
Other crime 15
Burglary 12
Possession of weapons 7
Robbery 6
Theft from the person 4
Total incidents 601

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
St Anne's Roman Catholic Primary School Blackburn Primary 0.1 miles Good — 21 Oct 2021
Blackburn College Other 0.2 miles (No rating)
St Barnabas and St Paul's Church of England Voluntary Aided Primary School Primary 0.3 miles Good — 24 Sep 2024
Tauheedul Islam Boys' High School Secondary 0.3 miles Outstanding — 24 Apr 2024
Ashworth Nursery School Nursery 0.3 miles Good — 18 May 2022

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
1 Bed Flat, Heaton St, BB2 £600/mo 1 0.04 miles OpenRent
1 Bed Flat, Heaton St, BB2 £625/mo 1 0.04 miles OpenRent
1 Bed Flat, Johnston St, BB2 £550/mo 1 0.32 miles OpenRent
Studio Flat, Victoria Street, BB1 £695/mo 1 0.36 miles OpenRent
Studio Flat, Preston New Road, BB2 £425/mo 1 0.49 miles OpenRent
1 Bed Flat, Swallow Drive, BB1 £600/mo 1 0.51 miles OpenRent
1 Bed Flat, Leamington Road, BB2 £550/mo 1 0.77 miles OpenRent
1 Bed Flat, Livingstone Road, BB2 £575/mo 1 0.83 miles OpenRent
1 Bed Flat, Livingstone Road, BB2 £650/mo 1 0.83 miles OpenRent
1 Bed Flat, Alexandra Road, BB2 £575/mo 1 0.83 miles OpenRent
1 Bed Flat, Alexandra Road, BB2 £595/mo 1 0.83 miles OpenRent
Studio Flat, St. Silas's Road, BB2 £475/mo 1 0.85 miles OpenRent

Average rent: £576/mo (12 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.16%
Max investor price (0.8%) £73,125
Target investor price (1%) £58,500
Gross yield 1.9%
Cost-to-rent ratio 53.4×
Monthly cashflow £-975/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -10.8%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).