Blackburn Office01254 699 030

Chorley Office01257 204 900

Search results

20 Moor Lane, Clitheroe, BB7 1BE

Full Details

Similar properties
17 Moor Lane, Clitheroe
  • 17 Moor Lane, Clitheroe
  • 1,434 Sq ft
  • £14,500 per annum.

    Click for details

    9 York Street, Clitheroe
    • 9 York Street, Clitheroe
    • 690 Sq ft
    • £175,000 (NO VAT)

      Click for details

      Location

      The property is located fronting Moor Lane within Clitheroe town centre.

      Moor Lane is one of the main retailing high streets in Clitheroe with the subject property occupying a prominent position.

      Surrounding retailers include a number of local businesses together with more established occupiers including Sainsburys, The Emporium Restaurant and Edinburgh Woollen Mill.

      Description

      The property comprises a refurbished three storey premises (plus basement) with retail accommodation on the ground floor and ancillary office/beauty/residential accommodation on the first and second floors.

      It is constructed of stone built walls under a pitched slate roof which incorporates a dormer window.

      To the rear of the premises is an enclosed yard.

      Accommodation

      We have calculated the areas to be as follows:

      Ground FloorRetail Area533 sq.ft
       Additional sales/ changing room91 Sq.ft
      First FloorRoom 1 207 Sq.ft
       Bathroom93 Sq.ft
       Kitchen/Office 121 Sq.ft
      Second FloorRoom 1 182 Sq.ft
       Room 2 135 Sq.ft
      TOTAL 1,362 Sq.ft

      Price

      £344,950

      Tenure

      To be confirmed but understood to be freehold.

      Rating

      The property has a current ratable value of £11,750, which would enable eligible occupiers to benefit from small business rates relief.

      EPC

      An EPC will be available on request.

      Planning

      Retail uses will be permitted.

      VAT

      To be confirmed.

      Services

      It is understood that all mains services, with the exception of gas, are available to the property.

      Money Laundering Regulations

      Please note that we are now required to carry out customer due-diligence on all purchasers once an offer is accepted whereby we are required to obtain proof of identity and proof of address of the prospective purchaser. We will then undertake an AML check via Smart Search to comply with HMRC's anti money laundering requirements.

      Investment Return

      The tenant EQ Woman will enter in to a 5 year FRI lease (subject to a S of C)at a rent of £24,000 pa for the whole building from completion of the sale.

      The lease would allow the subletting of the upper floors. The tenant would be responsible for the costs of occupation and business rates (if applicable)

      Based on a purchase at £344,950 a rent of £24,000 pa would suggest a yield of circa 7%, ignoring acquistion costs.

      Viewing

      Strictly via sole agent Taylor Weaver
      Neil Weaver MRICS
      Tel: 01254 699 030