Two Shops & Two Flats , 5 King Street & 1B New Market Street, Clitheroe, BB7 2EL
Business rates & charges may apply
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- SECTOR
High street retail property for sale
Key features
- Mixed use retail/residential investment property in the heart of Clitheroe town centre
- Stone built property in prime position close to the open market, bus and train station
- Income producing site generating gross annual rent of £52,240 spread across four tenants
- Various long standing tenants with attractive yield of 8% before purchasing costs
- Positioned close to Byrnes Wine Shop, Harry Garlick's, Altham's Travel, Specsavers and Fat Face
Description
The property is located in a prime position in the heart of Clitheroe Town Centre on
the corner of King Street and New Market Street.
Clitheroe has a population in excess of 14,000 residents and is in the borough of
the Ribble Valley approximately 10 miles from the towns of Blackburn and Burnley.
King Street is one of the main routes through the town centre with other businesses in the immediate vicinity including Byrne's Wine Shop, Harry Garlick's, Lloyds Pharmacy and Fat Face.
Description
A stone-built retail/residential investment opportunity in the heart of Clitheroe Town
Centre.
The property is stone-built and occupies a prime location on the corner of King Street and New Market Street with other traders in the immediate vicinity including Fat Face and Lloyds Pharmacy.
The property is fully let to four long standing tenants and comprises of a substantial retail unit and basement, a good sized two bedroomed self-contained apartment, a second retail premises and a small self-contained flat.
We have been informed that each property is self-contained with its own supply of
services and in total is currently generating a rental income of £40,100 per annum.
Bullets Points 1
Mixed use retail/residential investment property in the heart of Clitheroe town centre
Bullets Points 2
Stone built property in prime position close to the open market, bus and train station
Bullets Points 3
Income producing site generating gross annual rent of £52,240 spread across four tenants
Bullets Points 4
Various long standing tenants with attractive yield of 8% before purchasing costs
Bullets Points 5
Positioned close to Byrnes Wine Shop, Harry Garlick's, Altham's Travel, Specsavers and Fat Face
Brochures
Two Shops & Two Flats , 5 King Street & 1B New Market Street, Clitheroe, BB7 2EL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Clitheroe Station0.1 miles
- Whalley Station3.5 miles
- Langho Station5.2 miles
About Whiteacres Property, Burnley
Church House 10 Church Street Padiham Burnley BB12 8HG
Whiteacres Property are based close to junction 8 of the M65 which is well positioned to service clients throughout East Lancashire.
We offer a pro-active and experienced service sourcing tenants and purchasers for commercial landlords throughout the area.
Whiteacres Property have a range of commercial properties to suit most budgets and are always keen to speak to both landlords and tenants about their needs.
Notes
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