Commercial Property Chartered Surveyors and Valuers

Blackburn Office01254 699 030

Chorley Office01257 204 900

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1 Castle Street, Clitheroe, BB7 2BT

Full Details

Rental: £12,000 per annum

Location

The property is located on Castle Street in a prominent location within the town centre. It is situated within the prime retail area facing Castlegate surrounded by local, regional and national retailers including Fat Face, Costa Coffee and M & Co. It also has return frontage on Parson Lane. Clitheroe railway station is approximately 0.2 miles away from the property

Description

The subject property comprises a ground floor retail premises which will be refurbished to include new ceiling tiles, redecoration, and WC facilities.

Accommodation

We have calculated the net internal area of the premises to be 431 sq.ft

Services

It is understood that the main services, with the exception of gas are available on the premises

Rating

From the valuation Office agency rating list as published on the internet we are advised that the property is assessed at a rateable value £11,750. As the assessment is below the current small business rates threshold of £12,000 eligible businesses may be able to claim full relief. Full details on request.

Lease Terms

The property is available by way of a new effective full repairing and insurance lease for a term of years to be agreed, subject to a minimum of 5 years. The rent is to be paid quarterly in advance and will be exclusive of the cost of occupation , which would include business and water rates , electricity and gas The rent is subject to VAT at the prevailing rate

EPC

An EPC is available on request

Rental

£12,000 per annum

Legal Costs

The ingoing tenant will be responsible for the landlords reasonable legal costs.

Planning

The property has been used as a bank for a number of years and therefore has planning consent under class A2 of the Town and Country Planning (Use Classes) order. It is understood that under Permitted Development rules A1 retail use would be permitted. It is recommended that interested parties contact Ribble Valley Council for further details.

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Strictly through agents Taylor Weaver (Rebecca Weaver) 01254 699030