Popular Rossendale restaurant building up for auction with £500,000 price tag

The constructing which homes a well-liked Rossendale restaurant and bar is about to go underneath the hammer.

The Helmshore Street property is at the moment occupied by the extremely regarded Cotton Home and will probably be offered at public sale subsequent month. The sale is being dealt with by Pugh Auctions and can happen throughout December 6-7 with an information value of £500,000.

Whereas the possession of the constructing will change hand, patrons can relaxation straightforward that the enterprise will probably be unaffected by the sale with the restaurant and bar nonetheless underneath lease. A spokesperson for Pugh advised LancsLive: “The general public home is at the moment let by the use of 5-year lease at a lease of £52,000 every year so locals don’t must concern that their favorite native pub is disappearing anytime quickly.”

READ MORE: Full particulars and breakdown of Rossendale’s ‘Ease the Squeeze’ package deal value £328,000

The property fronts Helmshore Street, on the junction with Station Street, within the village of Helmshore, within the Rossendale Valley. In keeping with Pugh, it has been “refurbished to a excessive normal” and in addition boasts lined out of doors seating.

The restaurant’s administration describe it as “an informal consuming and eating vacation spot”. It additionally consists of an upstairs operate room and is accessible for personal rent.

For extra data on the sale, go to Pugh Auctions.

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