A LANDMARK office block which closed with the loss of 420 jobs is up for sale with a £4million price tag, it can be revealed.

Property agents have begun marketing Kingsway House in Burnley town centre, seven months after home shopping firm Shop Direct closed the site and made hundreds redundant.

A finance company now occupies 11,500 sq ft in the building’s lower ground floor, but the remaining 71,500 sq ft is empty.

Blackburn and Burnley-based Trevor Dawson is marketing the site on behalf of a major global estate agent.

And the undisclosed owner of the landmark building is hoping to get £4million, it is understood.

Burnley town centre estate agent Howard Baker, who runs Falcon and Foxglove, in Manchester Road, said he was ‘surprised’ by the valuation.

He added: “I would question what type of businesses would be interested in this building.

“I would imagine the only people in the market would be those who want to split it up.

“Having said that, it is next to where the Oval shopping centre will be built and that might make it more valuable.”

Martin Smith, Burnley Council’s regeneration chief, said he was not aware of anyone interested in the site.

He added: “We are hopeful that the agents will be able to sell it to a successful business which can bring jobs to Burnley.

“The building is in a great location, very close to the town centre.”

Merseyside-based Shop Direct, which leased Kingsway House, pulled out of Burnley last July. All 420 workers were made redundant.

The building opened in 1970 as Great Universal Stores.