Blackburn business centre to go under the hammer
Blackburn and Darwen Borough Council is putting Brookhouse Business Centre in the Whalley Range area of Blackburn up for auction this month.
The business centre contains six self-contained business units, five of which are fully let, producing a yearly income of £38,000.
With a total floorspace of 8,000 sq ft, the facility is being auctioned with a guide price of £375,000 and will feature among more than 100 lots in the Pugh North West property auction to be held at the AJ Bell Stadium in Manchester on February 25.
Pugh managing director Paul Thompson said: “The council is focusing its resources on its other business assets designed to attract inward investment and create jobs, so Brookhouse Business Centre represents an excellent investment prospect and, not surprisingly, it is generating significant interest among potential buyers.
“The development is in a well-established mixed commercial and residential area and is less than a mile from Blackburn town centre.
“There is also the opportunity to extend the development to create additional accommodation, subject to obtaining the required planning consent,” he added.
Established 26 years ago, Pugh says it is the largest auctioneer outside London and was acquired by property consultant Eddisons in 2016.
Last year the firm offered more than 1,000 lots for sale at its Leeds and Manchester auctions, achieving a success rate of 85% and generating in excess of £90m in sales.