£35,000 auction price tag for former Burnley pub

New owners sought for the Shepherds Arms?
New owners sought for the Shepherds Arms?

A former Burnley pub will go under the auctioneer’s hammer for just £35,000.

The Shepherds Arms will be up for sale at auction later this month at Manchester City’s Etihad Stadium.

The vacant freehold hostelry in Cog Lane has been boarded up some time but it could be snapped up by new owners on April 24th.

It is described as a “two storey former public house with development potential” by Pugh auction house.

The property is held part freehold and part leasehold for a term of 2000 years from 1858 at ground rent of £1.60 per year. Planning permission was granted for the building to be converted into two homes in 2007 but this is believed to have lapsed.

Two more landmark Burnley buildings will go under the hammer again at the North West-wide auction.

The bright orange former Floor-2-Go building had been put up for sale at auction in February. But the colourful retail warehouse, in the shadow of the Burnley viaduct in Royle Road, is back on the market with a guide price of between £155,000 and £175,000.

The former Original Mega Pound Superstore is still on the market at a price of £80,000. Auctioneers will try and find a buyer for the three-storey shop at 164-168 Lower St James’s Street.

The ex-discount store is 5,863 sq.ft and is situated next door to the Cross Keys pub near Westgate.