£795,000
(£243.70/sq. ft)
Retail premises for sale3 & 3A King Street, Clitheroe, Lancashire BB7
3,262 sq. ft
About this property
Very rare new build retail investment in Clitheroe town centre
Current combined income of £54,000 per annum
Superb location on Clitheroe high street close to Fat Face, Skipton Building Society, and Timpson's
Prime position in Clitheroe town centre close to the open market
Let to Specsavers and Boyle Sports
Leases running until the 28th November 2031 (Specsavers), and the 11th March 2032 (Boyle Sports)
Significant reversionary opportunity with imminent rent review pending
Prime town centre retail investment
Ideal long term investment for property company or pension fund
The property is situated on King Street in the centre of Clitheroe close to the junction with Castle Street.
The premises are positioned close to Fat Face, tg Jones, Fat Face and the main Post Office.
Clitheroe is an affluent market town and has a growing population in excess of 14,000 residents being in the borough of Ribble Valley, approximately ten miles from the towns of Blackburn and Burnley.
Description
Two new build self contained retail units in a prime location in Clitheroe town centre.
The units are fully let on ten year leases to Specsavers and Boyle Sports respectively, and generating a total income of £54,000 per annum.
The properties were built in 2020, and occupy a prime position close to the famous Byrne's Wine shop, Fat Face, Timpson's, and Skipton Building Society.
Clitheroe is an affluent market town with a population of over 17,000 residents.
VAT
Whiteacre's have been advised that the property is not elected.
Services
We understand the property has the benefit of mains electricity and water.
Legal Costs
Each party is to be responsible for their own legal costs.
Viewings
Please contact the agents:
Vicky Belfield
Jonathan Wolstencroft
Whiteacres Property
Church House
10 Church Street
Padiham
BB12 8HG
Accommodation
The properties have not been measured, but the following information has been provided from the voa website:
Services Responsibility
It is the prospective purchaser's responsibility to verify that all services, appliances are in working order and are of suitable purpose being adequate for their needs.
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