1-9a The Picture House, George Street, Ribble Valley, Whalley, Lancashire, BB7 9TH

Property Details: • Type: Mixed Use • Tenure: FREEHOLD • Floor Area: N/A

Key Features: • High yielding mix use investment • Located in Whalley, an affluent town in Lancashire • Approximate total floor area of 19,809 sq ft and 0.45 acre site • The property comprises 5 retail units to ground floor, 3 retail units to first floor and 7 residential apartments to first and second floor • Current passing rent of £253,600PA including the rent for unit 1 • Net initial yield of 7.88% with a reversionary after unit 9a is occupied of 10% • Asset management opportunity with vacant/ under rented property • Finance may be available • Inviting offers of £3,000,000

Location: • Nearest Station: Whalley Station • Distance to Station: 0.23394968083131146 miles

Agent Information: • Address: Lancaster Buildings, 77 Deansgate, Manchester, M3 2BW

Full Description: FOR SALE- Upon the instructions of the Receivers. Mixed use investment opportunity with a total floor area of approx 19,809 sq ft. Finance may be available. <br /> <br /> <br /> <br /><b>Description</b> <br />The property is a former picture house that has been converted to provide <br />a prominent three storey mixed use property. <br /> <br />We are instructed to seek offers in excess of £3,000,000 for the freehold interest, STC. A purchase at this level reflects the following investment profile NIY of 7.88% and reversionary yield of 10%. This is after a 7.27% purchasers cost. <br /> <br /><b>Location</b> <br />The property is located in the centre of Whalley, a rural village in Lancashire. Whalley is an affluent suburb of Clitheroe, located 30 miles to the north of Manchester and 7 miles to the east of Blackburn and benefits from a variety of restaurants and bars, which serve a thriving night time trade. <br /> <br /><b>Accommodation</b> <br />To the ground floor are five retail units trading as a range of uses to include a Cafe and Spar. There are three commercial spaces at first floor and 7 self contained flats to both first and second floor. <br /> <br />Externally, the property benefits from a surfaced car park accessed from George Street with 18 parking spaces and 7 of these allocated for the residents of the apartment. <br /> <br /><b>Tenure</b> <br />Freehold <br /> <br /><b>Tenancies</b> <br /> Current passing rent of £253,600 <br />* We consider the unit let to James Hall is under rented and has a rent review in June 2026. <br />Unit 1 lease is due to be signed March/April <br />Flat 5 is on the market for £2,000pcm <br />Full tenancy schedule available on request.