Next auction Thursday 20th June 2.30PM

24 Colne Road, Burnley, Lancashire, BB10 1AS



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Guide price

£350,000


Property Type

Commercial


Key Features

  • An opportunity to acquire a substantial freehold comprising of three adjoining buildings (partially fire damaged)
  • Buildings measuring approximately 11,475 sq ft
  • Potential scope for future development/conversion to residential (STP)

Part of the 27 April 2023 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a substantial freehold property of circa 11,475 sq ft arranged in three adjoining buildings which were constructed in the mid 19th Century as a Chapel & Sunday School. The third building (Eastern Section) is fire damaged.

  • Prominent position fronting Colne Road (A682)
  • Access and parking to the rear off Stafford Street
  • Approximately 1 mile north of Burnley Town Centre
  • Junctions 10 & 11 of the M65 are within 1.5 miles to the west
  • A substantial freehold of 3 adjoining buildings (Grade II Listed)
  • Constructed in mid 19th Century as a Chapel/Sunday School
  • West Building (Institute) circa 6,882 sq ft
  • Middle Building (Chapel) circa 3,100 sq ft
  • Eastern Building (Fire Damaged) circa 1,493sq ft
  • Total Gross Floor Area approximately 11,475 sq ft
  • GF of Institute previously used as a Supermarket
  • FF/SF of Institute used as homeless shelter & community uses
  • Chapel used as a Sports Hall
  • Eastern Section is severely fire damaged with no access
  • Receivers have pursued an insurance claim (settlement figure to be included in the legal pack)
  • Scope for conversion to residential flats (Subject to planning)
  • Excellent transport links with bus stop adjacent to property
  • Burnley Central Train Station is a 5 minute drive

Contact Auction Estates on 0115 7844 600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold

Refer to Legal Pack

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