Written by: Paul Parker on 23rd November 2022
The building which houses a popular Rossendale restaurant and bar is set to go under the hammer.
The Helmshore Road property is currently occupied by the highly regarded Cotton House and will be sold at auction next month. The sale is being handled by Pugh Auctions and will take place across December 6-7 with a guide price of £500,000.
The public house is currently let by way of 5-year lease at a rent of £52,000 per annum so locals don’t need to fear that their favourite local pub is disappearing anytime soon.
The property fronts Helmshore Road, at the junction with Station Road, in the village of Helmshore, in the Rossendale Valley. It has been refurbished to a high standard and also boasts covered outdoor seating as well as an upstairs function room that is available for private hire.
The restaurant's management describe it as "a casual drinking and dining destination".
Here's a link to the lot listing: https://www.pugh-auctions.com/property/34499
Written by: Paul Parker on 23rd November 2022
Paul is a Chartered Surveyor with over 15 years’ experience in agency and valuation across a diverse range of property types.
Paul joined Pugh & Co in February 2018 from Lambert Smith Hampton (LSH), where he was an Associate Director in the North West Asset & Debt Advisory team. Prior to that he was Principal Surveyor at Edward Symmons, who were subsequently acquired by LSH, and was also a Senior Surveyor with Gerald Eve in Liverpool.
Paul has dealt with the acquisition and disposal of a variety of properties throughout the North West from retail, offices and industrial to residential development sites and residential portfolios. He has also advised charitable clients including the United Reformed Church (Mersey Province) Trust on the disposal of redundant church premises for compliance with the Charities Act 2011.
More recently, Paul has provided advice to financial institutions and insolvency practitioners on the management and disposal of distressed property assets. He has also acted on behalf of national PLC’s, Government Agencies and private companies and individuals.
