37 -39 Moor Lane, Clitheroe, BB7 1BE
£274.63 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,675 sq ft
156 sq m
- SECTOR
High street retail property for sale
Key features
- Wholly commercial investment being suitable for a SIPP or SSAS investment
- Prominent site in main road location in popular market town of Clitheroe
- Current rental income of £32,500 per annum generating a 7% yield
- Long standing tenant having traded from the site since 2016
- Popular location close to Clitheroe Castle, Townsend Records & Steele & Sons Solicitors
- Attractive yield with two rent reviews in place over the duration of the term
- Substantial property with future development potential
- Ideal for investor or pension fund
Description
The property is located in a prominent position in the town of Clitheroe fronting Moor Lane.
Moor Lane is the main arterial route through Clitheroe town centre with other businesses in the immediate vicinity including Townsend Records, Twitter Lane Interiors, Amelia's Bridal Shop and HSBC Bank.
Clitheroe is an affluent market town and has a growing population in excess of 14,000 residents. The site is positioned within 10 miles of the towns of Burnley and Blackburn and is within immediate proximity to Clitheroe Castle.
Description
A double fronted retail premises in the popular market town of Clitheroe.
The property has traded as a high end kitchen showroom for many years and is currently generating a rent of £32,500 per annum.
The property offers open plan showroom accommodation on the ground floor together with a further sales area on the first floor and two sets of toilet facilities.
Whiteacres have been informed the property was originally constructed as two separate units which have been interconnected to create substantial showroom accommodation.
VAT
Whiteacres have been verbally informed that both the rent and purchase price are subject to VAT at the prevailing rate.
Services
We understand the property has the benefit of all mains services.
Legal Costs
Each party is to be responsible for their own legal costs.
Viewings
Please contact the agents:
Kelly McDermott
Jonathan Wolstencroft
Whiteacres Property
Church House,
10 Church Street,
Padiham,
BB12 8HG
Accommodation
The accommodation has been measured on a gross internal basis and extends to the following approximate areas
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.
Brochures
37 -39 Moor Lane, Clitheroe, BB7 1BE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Clitheroe Station0.3 miles
- Whalley Station3.3 miles
- Langho Station5.1 miles
About Whiteacres Property, Burnley
Church House 10 Church Street Padiham Burnley BB12 8HG
Whiteacres Property are based close to junction 8 of the M65 which is well positioned to service clients throughout East Lancashire.
We offer a pro-active and experienced service sourcing tenants and purchasers for commercial landlords throughout the area.
Whiteacres Property have a range of commercial properties to suit most budgets and are always keen to speak to both landlords and tenants about their needs.
Notes
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