Size: 1,229 Sq Ft
Use: Retail Office
Price: £250,000 for the Freehold
Mixed use investment available For Sale
ERV of £21,400 p.a. (8.5% yield)
Sale price for freehold £250,000
Mixed commercial and residential freehold property
Available immediately
About the property
Location
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, available on a sale and temporary leaseback basis (further details on request). ERV for this apartment is £9,000 p.a. (£750 pcm)
Total ERV for the full building is approximately £21,400 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.
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