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

Property Details: • Type: N/A • Tenure: N/A • 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 £181,200 PA • Potential rental uplift to £334,328 PA once fully let reflects a reversionary yield of 8.31% • Offers in excess of £3,750,000 • Asset management opportunity with vacant/ under rented property

Location: • Nearest Station: N/A • Distance to Station: N/A

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

Description The property is a former picture house that has been converted to provide a prominent three storey mixed use property.

We are instructed to seek offers in excess of £3,750,000 for the freehold interest, STC. A purchase at this level reflects the following investment profile NIY of 4.50% and reversionary yield of 8.31%. This is after a 7.27% purchasers costs.

Location 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.

Accommodation 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.

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.

Tenure Freehold

Tenancies Current passing rent of £181,200 PA Potential rental uplift to £334,328 PA once fully let See brochure for breakdown