Property details for 16 Castlegate, Clitheroe, Lancashire, BB7 1AZ Retail, Office

Size: 1,229 Sq Ft

Use: Retail Office

Price: £232,000 for the Freehold

Mixed use investment available For Sale

ERV of £20,900p.a. (9% yield)

Sale price for freehold £232,000

Mixed commercial and residential freehold property

Available immediately

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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, 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.