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Albert Mill, Wyre Street, Padiham, Burnley, BB12 8DF

Lot no: 69 Sold Prior to Auction
 

Guide Price £200,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 25th February 2021

10.30am
Key Features
  • Extensive Former Mill
  • Suitable for redevelopment (STPC).
  • Total site is approximately 0.185 acres.
  • Accommodation extending approx. 23,493 sq ft
  • EPC Rating: N/A
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Sold Prior to Auction

Mill

Property Description:

The site comprises a three storey mill of stone construction, built with steel columns, set under a pitched timber roof with tiled covering. Internally, the property provides basic industrial space over three floors with concrete flooring on the ground level and timber flooring on the upper levels. The property also benefits from a working goods lift, providing access to all levels. The premises is well located in the centre of Padiham, approximately two miles to the west of Burnley and within an area of regeneration. The existing property would lend itself to various uses and offers significant development potential, subject to planning.

Total site is approximately 0.185 acres.

Ground Floor -

7,831sq ft

First Floor -

7,831sq ft

Second Floor -

7,831sq ft

Total -

23,493sq ft

Tenure:

Freehold.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.