Development opportunity for sale in Rawtenstall

This property is marketed by:
Taylor Weaver

Key Features

• For sale
• Unique Residential Development Opportunity
• Full Planning Permission Granted for 42 Luxury Apartments
• Town Centre Location
• Offers in excess of £1.2m

Location

The Heritage Arcade is situated on Bacup Road, in the heart of Rawtenstall, opposite the attractive new £3.5m bus station and transport hub. The attractive setting and appealing location has lead to a significant increase in demand for young couples and professionals looking to move to the countryside into the smaller regional towns, however remaining a short drive (20 minutes) from Manchester City Centre.

Description

This unique redevelopment opportunity is a landmark building in the heart of Rawtenstall town centre. The former picture house and shopping centre has been granted full planning permission to be converted into a luxury residential scheme comprising of 42 2-bed apartments with dedicated car parking and landscaped private gardens. Full details of the planning consent, which was granted in January 2021 by Rossendale Borough Council, can be found on the Rossendale Council planning portal under reference 2020/0018.

Price

£1.2m + VAT

Tenure

Freehold

Legal Costs

Each party to be responsible for their own legal costs involved in the transaction.

Services

We believe that all mains services are connected to the site. However, interested parties are required to make their own investigations.