7-9 YORKE STREET BURNLEY, BB11 1HD

Quick Summary

Property ID
5652
Category:
Retail, Development, Miscellaneous
Area:
1160.46 sq ft
Location:
Burnley

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Property Description

OVERVIEW

For sale by the Modern Method of Auction: Starting bid price £60,000 plus reservation fee. This property is for sale by the Lancashire Property Auction powered by “iam-sold”.

LOCATION

The property is situated opposite to Burnley Mechanics and the Town Hall near to the junction of Yorke Street and Manchester Road, one of the busiest routes into the town centre.

DESCRIPTION

A two storey end parade stone built property beneath a pitched slate roof. The property comprises a self contained former takeaway premises on part of the ground floor. The remainder of the ground floor comprises a separately accessed store room with ladies and gents WC’s with stairs leading to an open plan fitted bar/lounge area with a boothed seating area. The first floor has been occupied by a number of years as a nightclub however it would lend itself to a variety of alternate uses subject to the appropriate planning consent.

SERVICES

The property has the benefit of all mains services.

ACCOMMODATION

7 Yorke Street

Ground Floor takeaway     29.5 sq.m (317.49 sq.ft)

9 Yorke Street

Ground floor – storeroom, ladies/gents WCs

First floor – bar/seating area             53.9   sq.m     (580.23 sq.ft)

GIA                                                         107.81 sq.m (1,160.46 sq.ft)

BUSINESS RATES

We are informed by the Valuation Office Agency Website that the ground floor takeaway has a Rateable Value of £3,900 per annum. (2018/19). 9 Yorke Street will need to be reassessed for Business Rates.

SPECIAL NOTE

A section of the first floor is interconnected with the first floor of the adjoining property 16 Ormerod St. The purchaser will be responsible for reinstating the party wall.

LEGAL COSTS

Each party is to be responsible for their own legal costs incurred.

VAT

All prices quoted are exclusive of, or may be subject to VAT at the prevailing rate.

VIEWING

STRICTLY BY APPOINTMENT

Petty Chartered Surveyors – 01282 456677 commercial@petty.co.uk

AUCTIONEERS COMMENTS

 

This property is for sale by the Modern Method of Auction which is not to be confused with traditional Auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date that the buyer’s solicitors is in receipt of the draft contacts and a further 28 days thereafter to complete.

 

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 3.5% subject to a minimum of £5,000 + VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the reservation form and all terms and conditions can be found in the legal pack which can be downloaded for free from www.agentauctionpage. co.uk.

 

Please note that the property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid. Both the starting bid and reserve price can be subject to change. Terms and Conditions apply to the Modern Method of Auction, which is operated by the Lancashire Property Auction powered by “iam-sold”.

TO VIEW OR MAKE A BID – contact Katy Wilson on 0161 300 7100 or visit www.iam-sold.co.uk

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