1-9a The Picture House, George Street, Ribble Valley, Whalley, Lancashire, BB7 9TH

FOR SALE- Upon the instructions of the Receivers. Mixed use investment opportunity with a total floor area of approx 19,809 sq ft. Finance may be available.



Description
The property is a former picture house that has been converted to provide
a prominent three storey mixed use property.

We are instructed to seek offers in excess of £3,000,000 for the freehold interest, STC. A purchase at this level reflects the following investment profile NIY of 7.88% and reversionary yield of 10%. This is after a 7.27% purchasers cost.

Location
The property is located in the centre of Whalley, a rural village in Lancashire. Whalley is an affluent suburb of Clitheroe, located 30 miles to the north of Manchester and 7 miles to the east of Blackburn and benefits from a variety of restaurants and bars, which serve a thriving night time trade.

Accommodation
To the ground floor are five retail units trading as a range of uses to include a Cafe and Spar. There are three commercial spaces at first floor and 7 self contained flats to both first and second floor.

Externally, the property benefits from a surfaced car park accessed from George Street with 18 parking spaces and 7 of these allocated for the residents of the apartment.

Tenure
Freehold

Tenancies
Current passing rent of £253,600
* We consider the unit let to James Hall is under rented and has a rent review in June 2026.
Unit 1 lease is due to be signed March/April
Flat 5 is on the market for £2,000pcm
Full tenancy schedule available on request.