16 Castlegate, Clitheroe, Lancashire, BB7 1AZ
Size
1,229
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Other use(s)
- Traditional office
- Frontage
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No floor / site plan
Key features
- Mixed use investment available For Sale
- ERV of £20,900p.a. (9% yield)
- Sale price for freehold £235,000
- Mixed commercial and residential freehold property
- Available immediately
Description
The property is located on Castlegate, Clitheroe, just off Moor Lane / Castle Street, the principal high street running through Clitheroe town centre. It enjoys a prominent, highly visible position with strong frontage from the high street.
The surrounding area is home to a mix of established local and national occupiers, including Steele & Sons Solicitors, WHSmith, and Caffè Nero, contributing to consistently high footfall and strong passing trade.
Description
The property underwent a comprehensive refurbishment in 2015 by the current owners, creating a well-presented mix of retail / office accommodation across the ground and first floors, together with a one-bedroom apartment on the second floor.
Ground Floor: Retail unit let on 3 year lease from October 2025 with a net rental income of £8,200 per annum.
First Floor: Occupied office accommodation producing a net rental income of £4,200 per annum. (currently holding over)
Second Floor: One-bedroom apartment occupied by the current owner, will be sold with vacant possession (further details on request). ERV for this apartment is £8,500 p.a.
Total ERV for the full building is approximately £20,900 p.a.
Each unit benefits from its own private access and has been finished to a good specification. The commercial accommodation is versatile and suitable for a variety of potential uses. Further information is available on request.
Accommodation Text
The property has been measured on a net internal area basis as follows:
Ground Floor (Retail / Office) - 360 sq. ft.
First Floor (Retail / Office) - 225 sq. ft.
Second Floor (Flat) - 500 sq. ft.
Services
All mains services are connected to the property. The flat is separately metered.
EPC
Available on request.
VAT
No VAT applicable.
Lease Terms
Ground floor available by way of new 3 year lease.
Legal Costs
Each party responsible for their own legal costs.
Viewing Detail
Strictly through agent
Taylor Weaver
James Taylor
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
16 Castlegate, Clitheroe, Lancashire, BB7 1AZ
About Taylor Weaver Limited, England
On the 1st October 1999 Alex Taylor and Neil Weaver formed a new partnership called Taylor Weaver dealing with all types of commercial property matters throughout Lancashire. The business was incorporated in 2002.
Now established as one of the leading firms of commercial property surveyors in Lancashire, Taylor Weaver offer expert, cost effective property advice for a variety of clients who have recognised the excellent level of service offered by Taylor Weaver. In 2015 a new office was opened in Chorley to give complete coverage across Lancashire and Greater Manchester.
Taylor Weaver are panel valuers for a number of major banks and pension trustees, including Handelsbanken, Yorkshire Bank, James Hay Pension Fund, Mattioli Woods and AJ Bell Trustees Ltd.
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Disclaimer - Property reference 5856FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Taylor Weaver Limited, England. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.