An empty Burnley building is set to undergo a transformation to turn it into affordable office space, targeted at start-ups and those businesses who are looking to downsize their office footprint as a result of the pandemic.
The large building at 17-19 Nicholas Street commands an enviable position opposite The Palazzo, the popular Italian restaurant in the stunning building of a former bank.
And now Gary Kay and Jake Knotman, who together run Burnley Property Investments, have big plans for the premises.
They took Burnley.co.uk on a tour of the building and told us what they have up their sleeves.
“We acquired the premises and explored different options, including residential accommodation. But there’s already a lot of that kind of work going on in the town centre, which is great, but we wanted to offer something different,” Gary explained.
“We thought there was a gap in the town centre for working space that was affordable. The rent will be £75 a week including all bills and out the back there are car parking spaces, which is a bonus. We’ve actually pre-let half the available space already, so we can see that demand for this is there,” he added.
There will be eight offices in total with a kitchen/ dining room, private meeting room, communal areas and three bathrooms.
The works will be finished by September and Jake and Gary are open to creating bespoke spaces for those people and companies who wish to have a more personalised environment.
Investing in Burnley
Gary is no stranger to Burnley, having previously ran estate agents Kay & Sons, which was based on Todmorden Road.
Jake mainly invests in Manchester but joined forces with Gary two years ago and has been impressed with what he’s seen in Burnley.
“I can tell Burnley is heading towards a great place and is on the up, there’s been plenty of public and private investment and it’s really easy to get to and from Manchester, I’d say a lot easier than some other nearby towns. It’s obviously a lot more affordable and has excellent facilities on the doorstep, not just transport, but also the leisure opportunities,” Jake told us.
We’re pleased that we’ve made such a good impression on someone from outside of the borough, so much so that Burnley Property Investments are looking at a few other potential projects.
We are looking forward to head back to Nicholas Street once the work is complete and good luck to all of the businesses starting their next chapters in the town centre premises.