£475,000
(£227.28/sq. ft)
Retail premises for sale3 King Street, Clitheroe, Lancashire BB7
2,090 sq. ft
About this property
Very rare new build retail investment in Clitheroe Town Centre
Current income of £30,000 per annum
Superb location close to Fat Face, Skipton Building Society and Crew Clothing
Prime position in Clitheroe Town Centre close to the open market
Let to Specsavers until May 2031
Two Storey accommodation with ground floor unit with first floor consultation room
Significant reversionary opportunity with imminent rent review pending
Prime town centre retail investment with superb covenant
Ideal long term investment for property company or pension fund
Estimated Rates Payable: £9936
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 Crew Clothing, Fat Face, and Skipton Building Society.
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
A new build retail property in a prime location in Clitheroe Town Centre.
The property is of stone construction and offers a large ground floor retail unit with first floor consultation room having excellent frontage to King Street.
The unit is let to Specsavers Optical Superstore Limited until May 2031 at a current rent of £30,000 per annum (please note there is a pending rent review).
The property was built in 2020 and occupies a prime position close to Crew Clothing, Byrne's Wine shop, Fat Face, and Skipton Building Society.
VAT
Whiteacre's have been advised that the property is not elected for VAT.
Services
We understand the property has the benefit of mains electricity, water and gas.
Legal Costs
Each party is to be responsible for their own legal costs.
Viewings
Please contact the agents:
Whiteacres Property
Church House
10 Church Street
Padiham
BB12 8HG
Accommodation
The property has not been measured by the agents but the following floor areas have been obtained from the voa website and include the first floor consultation room.
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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