17 Nicholas Street BURNLEY LANCASHIRE BB11 2AQ United Kingdom
Executive Summary
17-19 Nicholas Street, Burnley is a substantial, stone-built freehold 3 storey building located in the heart of the business district in Burnley town centre.
It was constructed approximately 1844 and is a building of character with some excellent features including an archway entrance to the rear car park of the property – parking on site is rare in the town centre and this is a huge benefit of the building, as well as the centralised location, many competitor office spaces for rent, are located away from the centre and in an undesirable location with little or no amenities near the property.
This business centre is surrounded by many amenities including restaurants, bistros, banks and many more facilities for tenants and clients to enjoy.
Internally the property currently comprises a reception on the ground floor, 3 offices and 1 kitchen on the 1st floor and 3 offices and 2 bathrooms on the 2nd floor of the building as well as a large communal space.
Externally to the rear of the property is a secure/ private car parking area with space for 4-6 vehicles.
Property size/ measurements carried out by a RICS professional.
Ground Floor Reception 19.88 sq. m. 214 sq. ft.
First Floor 91.98 sq. m. 990 sq. ft.
Second Floor 70.51 sq. m. 759 sq. ft.
Total – 182.37 sq. m / 1,963 sq. ft
The property is registered with the local authority as a commercial building and the intended usage will remain commercial with Burnley Property Investments refurbishing the building to benefit from 9 office spaces, 3 bathrooms, 1 communal kitchen and meeting room/ kitchen facilities as well as the external parking spaces.
No planning permission is required due to the retention of the existing usage of the property resulting in this providing a simple refurbishment process of improving and expanding on the current layout, design elements and facilities of the building.
Burnley Property Investments Limited have owned the property and the freehold since June 2021.
The purchase price of the building was £160,000 (£50,000 deposit paid by Burnley Property Investments) and the current RICS valuation is £180,000 with vacant possession as it stands and a finished RICS valuation of £250,000.
Investors can invest in real estate backed loans from €100 or a multiple of this. NOTE that there is a 0.1% fee to make an investment. As such you need to ensure you add this 0.1% when making a transfer to ensure you can invest the amount you would like to invest, i.e. if you would like to invest €10,000, you need to transfer €10,010 to your account on Max Crowdfund.
On the Max Crowdfund platform you have your personal Max Crowdfund Current Account. You can top your Max Crowdfund Current Account up via various payment providers such as iDeal or by bank transfer. Provided your balance is sufficient, you can start investing in loan applications immediately. The maximum deposit amount allowed differs per payment provider, but is usually a maximum of € 50,000. If you supplement your balance via a bank transfer, please use the reference provided in the description with your payment. Please note processing your bank transfer may take more than a day, which may mean you miss out on the investment opportunity.
No. Investors must be over 18 and must have an approved account, meaning their Know Your Client (KYC) documentation needs to be submitted and approved and have a bank account linked to their account. Country-specific restrictions exist and certain nationalities may be prevented from participation in some investment products. This is to prevent money laundering, tax evasion and other illegal activities, in line with our commitment to regulatory compliance and transparency.
At the moment we only accept EURO for investing in real estate backed loans. We are aiming to accept all currencies, including crypto currencies, like we do for the Max Property Group Share Certificates, but this depends on the regulators.
By Dutch law you are allowed a 24 hour cooling-off period, which means you can either change or cancel your investment during this time without any fees charged. After the cooling-off period you cannot change or cancel your investment. You are still allowed to make a second investment. Multiple investments will be combined in one when a loan is finalised.
Yes, but you will need to have a joined bank account with your partner. If you have a joined bank account, you can request to register a joined account on Max Crowdfund. Once approved, the regulatory limit for investing will be doubled to €160,000.
You can only register a new bank account by making a bank transfer of any amount from that bank account. We only accept bank accounts that are held by you and are in your name.
If you only have one bank account registered, this will automatically be your preferred account. In case you have multiple accounts registered, you can select only one of those to be the preferred account. Funds in your Max Crowdfund Current Account that are not used for a period of more than 60 days will automatically be transferred to your preferred bank account.
When the fundraiser fails to meet their obligations to make periodic payments as defined in the loan agreement, Max Crowdfund will follow up. Periodic updates will be shared to inform investors about the status of the loan. To recover from default, measures like a change of terms can be proposed, but this requires the approval from a majority of all involved investors via online voting. In the worst case scenario the Max Crowdfund Security Agent will execute on the collateral for the loan and distribute the proceeds to the investors.
