£250,000
(£203.42/sq. ft)
Retail premises for sale16 Castlegate, Clitheroe, Lancashire BB7
1,229 sq. ft
Available immediately
Freehold
About this property
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
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.
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
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.
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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