10-14 Hammerton Street, Burnley, Lancashire BB11 1NA

The property is positioned in a highly prominent location in the heart of Burnley town centre.

The building is located on the corner of Hargreaves Street and Hammerton Street close to Marks & Spencer's and St James Street.

The site is located close to various bars, restaurants, offices and retail outlets.

An imposing stone built Grade II Listed property that has traded as a bar/nightclub for many years.

The site was occupied originally by Walkabout and has its accommodation arranged over four floors.

In recent years the property has traded as a bar on the ground floor together with a nightclub on the first floor and two flats on the second floor which have now been removed.

The site is ideal for a bar or restaurant but would also convert into apartments, retail units or offices (subject to obtaining the necessary planning consent).

The price quoted is exclusive of VAT, which may be payable at the prevailing rate. Interested buyers are advised to inspect the legal documents prior to bidding.

The property has traded as a bar/nightclub for many years and all planning and licencing enquiries should be directed to Burnley Borough Council.

We understand the property has the benefit of all mains services.

The seller informs us that the building is in the Burnley BID (Business Improvement District) zone and attracts a monthly fee of £173 payable to the BID organisation.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% inc. VAT of the purchase price (subject to a minimum of £6,000 inc. VAT)

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

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.