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28-32 Castle St 1,200 sq ft 100% Let Retail Property Clitheroe BB7 2BX £420,000 (£350/sq ft) 7.14% Net Initial Yield

Investment Highlights
- Prime town centre location
- Located within walking distance of the town centre transport interchange
- Traditional character building
Executive Summary
Opportunity to acquire mixed-use investment property in Clitheroe town centre. The property comprises a two storey with the ground floor providing two self-contained retail units occupied by established commercial tenants, while the first floor comprises separately accessed office accommodation. The first floor office suite is vacant with the other units let to Travis Yates Financial Consultants on a five year lease and Marsden Building Society on a five year term, currently generating £30,000 per annum. The property occupies a prominent position on Castle Street, the principal retail thoroughfare through Clitheroe town centre, within the Clitheroe Central Conservation Area. The freehold interest is available at a guide price of £420,000.00
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,200 sq ft
Costar Property Class
B
Year Built
1876
Price
£420,000
Price per sq ft
£350
Yield
7.14%
NOI
£29,988
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.69
Total Plot Size
0.04 ac
Amenities
- 24 Hour Access
- Bus Route
- Security System
- Signage
- Storage Space
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Nearby Major Retailers
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Photos
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28-32 Castle St
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