No longer on the market
This property is no longer on the market
MapPub
Features and description
- Three storey, four floor property
- Former public house with guest rooms
- Planning permission granted
- For conversion to 10. apartments
- Outbuilding and parking included
- Freehold title
We are pleased to offer to auction this 3 storey building with basement, well located along Church Street, Burnley. This is an opportunity to secure one of the most historic and landmark buildings in Burnley, with full planning permission granted for a 10 apartment residential development. The Talbot Hotel dates back to the 16th century, and occupies a prominent position on the corner of Church Street and Ormerod Road in the Top O’The Town area of Burnley town centre; it was run successfully as a public house with guest rooms, until the Covid 19 pandemic. The property is currently set up briefly comprising of a bar on the basement level, pub on the ground floor, and accommodation on the first and second floor. There is an independent outbuilding which was formerly a stables, outlined within the apartment development plans and terraces to the side front and rear of the building, as well as parking spaces.
This opportunity is perfect for developers looking for a buy to let or buy to sell scheme - there is huge demand for new build apartments with buyers and tenants, as well as demand from social housing/care providers and corporate entities looking for assisted living space. Equally, the public house and hotel could be run successfully and the business had benefited from record trading figures up until closure last year. Accounts are available upon request.
Please note we have not inspected this property.
Rooms
Location
The subject property is well located along Church Street, Burnley. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.4 miles from Burnley town centre.
Accommodation
The property comprises of a bar on the basement level, pub on the ground floor and accommodation on the 1st and 2nd floor. There is an independent outbuilding which was formerly a stables, outlined within the apartment development plans and terraces to the side front and rear of the building as well as parking spaces.
Planning Permission
The subject property was granted planning permission with conditions on 9th August 2021 for 'change of use of public house and hotel (Sui Generis) to form 10 no. apartments'. Planning reference COU/2021/0175.
We recommend you direct all planning enquiries to Burnley Borough Council.
Tenure
Freehold. Title number LA293040.
Rateable Value
The adopted rateable value is £27,250 as of 1st April 2017.
Sourced from VOA.
EPC
We currently await a copy of the Energy Performance Certificate.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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