Movie-buffs could snap up their dream property purchase as a historic Lancashire Palladium Cinema goes to auction this week.

Located three miles from Blackburn, the 1930s Palladium Cinema and Bingo Club on Union Road in Oswaldtwistle is up for auction – promising a once-in-a-lifetime opportunity for someone to restore a historic landmark in the heart of the town.

Once a 1,000-seater cinema, it then became a bingo hall but has been vacant for a number of years.

 

The building is expected to be converted into apartments or a mixed-use scheme, subject to the planning permission, and comes with a guide price of £50,000+ plus fees.

It comprises a detached building constructed of brick with a tiled roof, located along Union Road opposite Oswaldtwistle School.

 

 

 

 

 

 

 

Andrew Parker, Managing Director, and Auctioneer at SDL Property Auctions, said:

“While the property has sat vacant for a number of years, this unique property could provide a fantastic opportunity for development with its period features ripe for creating a dream set of apartments in the heart of Lancashire.

“With a guide price of just £50,000, this could be a dream purchase for anyone looking to restore a historic hub of Oswaldtwistle to its former glory.”

 

The sale will be carried out by SDL Property Auctions and will be live-streamed at 10am on Thursday, February 24 with interested parties invited to bid online, on the phone and by proxy. To register to bid before midday on Wednesday 23rd February click here.