3 & 3A King Street, Clitheroe, Lancashire, BB7 2EL

Property Details: • Type: Retail Property (high street) • Tenure: N/A • Floor Area: 3262 sqft

Key Features: • 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

Location: • Nearest Station: Clitheroe Station • Distance to Station: 0.11246894506486098 miles

Agent Information: • Address: Church House 10 Church Street Padiham Burnley BB12 8HG

Full Description: <b>Location</b><br /><br />The property is situated on King Street in the centre of Clitheroe close to the junction with Castle Street. <br /><br />The premises are positioned close to Fat Face, TG Jones, Fat Face and the main Post Office. <br /><br />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. <br /><br /><br /><b>Description</b><br /><br />Two new build self contained retail units in a prime location in Clitheroe town centre.<br /><br />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. <br /><br />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.<br /><br />Clitheroe is an affluent market town with a population of over 17,000 residents.<br /><br /><b>VAT</b><br /><br />Whiteacre's have been advised that the property is not elected.<br /><br /><b>Services</b><br /><br />We understand the property has the benefit of mains electricity and water.<br /><br /><b>Legal Costs</b><br /><br />Each party is to be responsible for their own legal costs.<br /><br /><b>Viewings</b><br /><br />Please contact the agents: <br /><br />Vicky Belfield<br /> <br /> <br /><br />Jonathan Wolstencroft <br /> <br /> <br /><br />Whiteacres Property <br />Church House<br />10 Church Street <br />Padiham <br />BB12 8HG <br /><br /><b>Accommodation</b><br /><br />The properties have not been measured, but the following information has been provided from the VOA website:<br /><br /><b>Services Responsibility</b><br /><br />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.