Lot

Auction: February 2024 Online Auction 28/02/2024 - Bidding opens Tuesday 27th February 10:00 AM

Former Heritage Arcade, Bacup Road, Rossendale, Lancashire, BB4 7NG

Available at

£1,000,000

Additional Costs / Fees will apply

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Property Details

Location

Description

This is a unique redevelopment opportunity to acquire a landmark building in the heart of Rossendale town centre. The striking former picture house and shopping centre has been granted full planning permission to be converted into a luxury residential scheme comprising 42 two-bedroom apartments with dedicated car parking and landscaped private gardens with support from Rossendale Borough Council. All apartments can be sold on the open market.

Location

Set in the South Pennine Hills, Rossendale provides commuters with good motorway connections with Manchester less than 20 miles away. Bury can be accessed by junction 2 of the M66 leading to the M60 and M62 and connections to Bradford and Leeds. Heritage Arcade is situated on Bacup Road in the heart of Rawtenstall, less than five minutes walk from Rawtenstall Bus Station. The attractive yet strategic location of the town has led to a significant increase in demand from young couples and professionals wanting to benefit from country living but remain within easy access of the region's cities and business destinations. The property fronts directly onto Bacup Road which is accessed from Haslingden Road/ St Mary's Way (A682). Rawtenstall bus station and the town's Lidl supermarket are opposite to the property. The A56 is approximately 600m from the property which links directly to the M66 motorway.

Tenure

The property is sold freehold.

Planning

Planning consent was approved on the 28th of January 2021 for the partial demolition and redevelopment of the building into a residential scheme comprising 42 apartments, together with associated car parking and landscaped amenity space, planning reference number: 2020/0018. We are advised the planning consent is considered extant and that there are no Section 106 costs involved.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

VAT

VAT is payable upon completion.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 27TH FEBRUARY AND CLOSES ON WEDNESDAY 28TH FEBRUARY.

3. Energy Performance Certificate = TBC