Property Details
Pugh Auctions
Lot 002
Lot 002
Auction: December 2017

11 Market Street, Bacup, Lancashire, OL13 8EY

Property Details
Location

The property is located at the intersection of Market Street & Bankside Lane in Bacup town centre. Todmorden lies approximately 6 miles to the east and Rochdale 8 miles to the south.

Description

End of terrace two storey (plus basement) former NatWest bank premises, together with an ATM which is subject to a lease back to Natwest PLC. The property was previously used as retail/public areas to the ground floor, with offices, WCs, ancillary and staff facilities to the first floor. In addition there are further rooms at basement level. The property does require some refurbishment.

Accommodation

The following information has been taken from the VOA website: Ground Floor: 225 sq m (2,421 sq ft) First Floor: 79 sq m (850 sq ft) Basement: 130 sq m (1,399 sq ft) Total: 434 sq m (4,670 sq ft)

Approx Site Area

Approximately 247 sq m (295 sq yds).

Tenure

Freehold.

Planning

Interested parties should consult direct with the Local Planning Office, Rossendale Borough Council, The Business Centre, Futures Park, Bacup, Rossendale LL13 0BB. Tel: 01706 217777.

Tenancy

The ATM machine and access are subject to a leaseback to NatWest PLC for a term of 5 years at a rent of ú2,000 per annum. The lease will be subject to a 3 month rent free period.

General

1) The property will be sold subject to restrictions preventing the following uses: ½ Businesses involved with money lending ½ Pawnbrokers/adult sex shops ½ Bookmakers or any other gambling business or outlet ½ Banks/ Building Societies ½ A4 users (ie bars/public houses) ½ The sale of firearms ½ The sale of any paraphernalia associated with illegal drugs 2) Energy Performance Certificate = D. 3) The post code of the property on the VOA website is OL13 8EX. 4) The contract of sale has been recently amended to include the following provision- After completion of the acquisition of the lot, the buyer will permit the seller to enter the lot, with all the necessary rights, and to occupy the lot to undertake repairs to the ATM at the lot. If required by the seller, the buyer will forthwith move cabling and boards to another location within the lot without any restrictions or demands. The seller will only commence undertaking the repair works once the buyer has put the lot in a condition deemed safe by the sellers surveyors.

Addendum

The contract of sale has been recently amended to include the following provision- After completion of the acquisition of the lot, the buyer will permit the seller to enter the lot, with all the necessary rights, and to occupy the lot to undertake repairs to the ATM at the lot. If required by the seller, the buyer will forthwith move cabling and boards to another location within the lot without any restrictions or demands. The seller will only commence undertaking the repair works once the buyer has put the lot in a condition deemed safe by the sellers surveyors.

Property Location Address:
11 Market Street,
Bacup,
Lancashire,
OL13 8EY
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Auction Details
Auction: December 2017 Date: 5th December 2017 Lot Number: 002 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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