Richmond Terrace, BLACKBURN, Lancashire, BB1 Property for sale

By MOdern Method of Auction- Closing bids 9th October 3pm via I am Sold website, viewings via agent available.

Prominent Period Property with Development Potential

A substantial and characterful commercial property in Blackburn, comprising two adjoining period terraced properties combined into one, currently arranged as offices over four floors, including a basement.

The property provides approximately 20 rooms in total, offering a versatile layout suitable for a range of commercial requirements. The accommodation is available with vacant possession and ready to let, making it an attractive opportunity for an owner-occupier, investor or landlord.

There is also private parking to the rear, adding valuable convenience and further enhancing the property's appeal.

The existing layout could be reconfigured, altered or adapted to suit an incoming investor's requirements, subject to the necessary planning permissions and consents. The property may offer potential for a variety of commercial or residential uses, subject to planning and all relevant statutory approvals.

This is a versatile property offering immediate commercial use, investment potential and scope for future redevelopment or change of use, subject to the purchaser's proposed plans and the required permissions.

Viewing is highly recommended to appreciate the size, layout and potential of this versatile Blackburn property.

Auctioneers Comments:

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Please note that an AML fee is chargeable to the buyer once an offer is accepted, to cover the cost of carrying out the required Identity and Anti-Money Laundering checks. Once these checks have been completed the fee cannot be refunded, even if the property purchase does not go ahead.