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Higson Street Works, Blackburn BB2 1ER

Lot no: 187 Re-entry to a future auction
 

Guide Price £325,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 27th July 2023

10.00am
Key Features
  • Potential development opportunity
  • Close proximity of Blackburn Town Centre
  • Strong transport links
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Re-entry to a future auction

Mill

Property Description:

A substantial, former mill in Blackburn, offering significant re-development potential(subject to planning consents). Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

A three-storey building with a single storey basement situated on the corner of Davenport Road and Higson Street, approximately 0.5km west of Blackburn Town Centre. The immediate surrounding area is predominantly residential with all necessary amenities and services nearby including a variety of shops, a number of popular restaurants, bars & eateries and a host of sports and leisure facilities. A full range of transport links can also be found nearby including regular bus services, train services operating from Blackburn station and convenient road links, with the A677 and A666 easily accessible. The property offers significant development potential including residential conversion, subject to all necessary consents. All interested parties are advised to contact Blackburn with Darwen Council planning department directly.

Draft Sales Details

These sales details are awaiting vendor approval.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Tenure:

Freehold. Vacant possession upon completion.




Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction 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.