More properties put up for sale in Oystons' fire sale

The Oyston family's rapid fire sale continues apace with more properties being put up for auction.

Monday, 15th January 2018, 11:36 am
Updated Monday, 15th January 2018, 6:55 pm
Owen Oyston, left, and his son Karl

The latest property to be put on the market is Stanley Farm, a farmhouse based in Lancaster which is valued at £1.4m according to Right Move.

The estate agent’s website explains the two-bedroom property comes with a range of “traditional buildings” with planning permission for four residential dwellings, as well as 142 acres of farmland.

It will go to auction on Monday, February 12 at The Borough pub in Lancaster.

Sign up to our daily newsletter

The i newsletter cut through the noise

Oyston Mill, in Preston, failed to sell at auction in November

It is understood Carleton-based Shard Bridge Farm has also been put on the market.

Read More

Read More
Shock as Blackpool FC announce departure of chief executive

At the last court hearing just before Christmas, the lawyer acting on behalf of the Oyston family told the High Court judge that a property on Queens Square - thought to be Hellfire Bar & Restaurant - is also due to go to auction.

It comes after Oyston Mill failed to sell at auction in November.

Oyston Mill, in Preston, failed to sell at auction in November

It was withdrawn from the sale, held at Blackpool Football Club, after a highest bid of £1.2m which fell short of the reserve price of £2.9m.

The Travelodge hotel by Blackpool FC's Bloomfield Road stadium went on the market last month with an asking price of £11m.

But the listing was soon removed from the website.

The fire sale comes at a time when the Oystons are desperately looking to recoup cash to pay off Latvian millionaire Valeri Belokon.

They were ordered to pay the club’s former director £31.27m back in November when they were defeated in a bitter High Court battle.

They managed to pay the first installment of £10m in December, but a further £10m is needed by the end of January.

Two further payments of £7.5m will have to be paid by the end of March and May respectively.