Mill/Industrial Complex, situated on a 1.35 acre site - part tenanted, producing £10,000 per annum. With lapsed consent for residential development .

On behalf of LPA Receivers Colin Jennings and Andrew Vaughan of Lambert Smith Hampton - Two storey mill complex situated on a large site of approximately 1.35 acres, the property has been sub-divided into a number of units. We have been provided for a lease of units 3, 4 and 20 at the property for a term of 5 years from January 2017 at a rental of £10,000 per annum, the lease incorporates an 18 month rent free period. We have been informed that there is one other occupier (boxing gym) in the property. The property also includes a substantial yard/grassed area which is currently utilised as match day parking for the nearby Burnley Football Club. The site benefitted from an outline planning consent, dated 13 July 2007 (application ref: APP/2007/0522) for residential development for 28 dwellings. This consent has now lapsed.

Tenure

To Be Confirmed In Legal Pack

Viewing

Please contact Auction House North West Commercial on 0161 830 7477

Local Authority

Burnley Borough Council

Additional Fees

Buyer's Premium - 1.2% subject to a minimum of £900 including VAT payable in addition to the Administration Charge

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.