Mixed Use
A three-storey mid-terrace mixed use property sold freehold. The property comprises a ground floor hot food takeaway with self-contained two-bedroom flat arranged over the upper floors, with separate access.
The ground floor commercial accommodation is let by way of a lease expiring in April 2042, detailing a rent of £10,400 per annum, with regular rent review provisions contained within the lease. We are further advised that the current passing rent may be £1,000 pcm (£12,000 per annum), although this is not confirmed and buyers should satisfy themselves on this matter.
The residential accommodation is let on an AST which expired in June 2025, with the tenant now understood to be holding over. The rent is detailed as £600 pcm (£7,200 per annum).
Based on the confirmed rental figures, the property produces income of £1,466.67 pcm (£17,600 per annum), with potential for this to be higher if the advised commercial passing rent is verified.
The property fronts Whalley Road, one of the main routes through Clitheroe town centre, within an established mixed commercial and residential setting. Nearby occupiers include a range of independent retailers, food operators and local amenities, with Clitheroe railway station and the wider town centre within easy reach. Clitheroe is a popular Ribble Valley market town, well regarded for its amenities, schools and access to the surrounding countryside.
Hot food takeaway - 61.4 sq m (663 sq ft).
2 bedroom flat - 79 sq m (850 sq ft).
140.74 sq m (1,513 sq ft)<br><br>Floor areas have been provided by the receiver and should not be solely relied upon.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £2,400 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
