Bar/Nightclub in Oswaldtwistle

Palladium Cinema / Bingo Club, Union Road, Oswaldtwistle, Lancashire BB5 0EJ
  • Lot No: 60
  • Property Type: Bar/Nightclub
  • Contract Type: Conditional with Reservation Fee

Guide Price* £50,000+ plus fees

Result Sold at Auction £232,000

Property Description

DRAFT DETAILS The property comprises a detached building constructed of brick with a tiled roof, located along Union Road opposite Oswaldwhistle School. It has been vacant for a number of years and was previously used as a Cinema in the 1930s and later a Bingo Hall and would lend itself well to conversion into apartments or a mixed use scheme, subject to obtaining the appropriate planning consent.

Note

The auctioneers have not inspected the property.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Conditional with Reservation Fee (England and Wales). Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Fees: The following non- refundable auctioneers fee applies: • Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide. The Buyer’s 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.

Auction Details

Date 24th February 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

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Map

Palladium Cinema / Bingo Club, Union Road, Oswaldtwistle, Lancashire BB5 0EJ