Mixed Use Investment Property For Sale in Clitheroe, Lancashire

This property is marketed by:
Taylor Weaver

Retail and residential with HMO potential

Description

This substantial mixed-use retail and residential property occupies a prominent position on the main retail high street in the heart of Clitheroe town centre. The property presents a rare investment and redevelopment opportunity, comprising two ground-oor retail premises, a spacious four/ve-bedroom rst- oor apartment, and a further self-contained one-bedroom apartment. The two retail units, together with the larger four/ve-bedroom apartment, will be sold with vacant possession, while the onebedroom apartment is currently occupied by a sitting tenant, providing an immediate rental income. The retail accommodation has previously been used as a bridal boutique and a separate bridal alterations business. Each unit benets from its own access, providing exibility for the premises to be occupied or let either as a single larger retail unit or as two individual units. The substantial four/ve-bedroom apartment has been occupied by the current owners for over 37 years and has been maintained to a high standard throughout. Its generous proportions provide excellent residential accommodation in its current conguration, while also offering potential, subject to the necessary consents, for redevelopment into smaller apartments or possible HMO use. Residential access is primarily provided from the rear of the property, via an attractive enclosed courtyard and garden area, both of which are included within the sale. Further information and a detailed specication of the individual retail and residential areas are available upon request.

Location

The property occupies a prominent position on King Street, within the heart of Clitheroe town centre, offering excellent visibility and a prime retail location within one of the town's principal shopping areas. This represents a rare opportunity to acquire a substantial mixed-use property, combining extensive residential accommodation with prominent ground-oor retail space. The size and conguration of the property provide considerable exibility for investors, developers and owner-occupiers seeking a town-centre property with both commercial and residential potential. King Street is home to a strong mix of national and independent retailers, with nearby occupiers including Specsavers, FatFace and Crew Clothing, together with a wide variety of established shops, cafés and other town-centre businesses. The property's central location, prominent frontage and combination of retail and residential accommodation make it an attractive investment and redevelopment opportunity within the popular Ribble Valley market town of Clitheroe.