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1 King St 3,651 sq ft 100% Let Retail Property Halifax HX1 1SR £795,000 (£217.75/sq ft)

Investment Highlights
- Substantial corner building offering both commercial and residential accommodation
- Fully let income stream of circa £70,000 per annum with potential rental uplift
- Existing commercial tenant in occupation for approximately five years
Executive Summary
Kings Apartments presents an outstanding opportunity to acquire a mixed-use investment property in a prominent position on the edge of Halifax town center. The property combines a strong income profile with potential future growth, offering a fully integrated asset that caters to both commercial and residential markets. Featuring a substantial and attractive corner building constructed with ashlar stone, the premises include ground floor and basement commercial accommodation with return frontage and secure rear loading access, enhancing operational flexibility for the tenant.
The upper levels comprise eight self-contained one-bedroom apartments, all finished to a modern standard and let under assured shorthold tenancies, providing additional income stability. With a total current rent roll of approximately £70,000 per annum and further rental growth expected from the residential component, this asset offers excellent long-term value. Positioned within walking distance of Halifax town center amenities, major transport links including bus and rail stations, the property appeals to investors seeking secure income, capital growth prospects, and diversification within a desirable regional market. On-site car parking further elevates tenant convenience, enhancing tenant retention.
The upper levels comprise eight self-contained one-bedroom apartments, all finished to a modern standard and let under assured shorthold tenancies, providing additional income stability. With a total current rent roll of approximately £70,000 per annum and further rental growth expected from the residential component, this asset offers excellent long-term value. Positioned within walking distance of Halifax town center amenities, major transport links including bus and rail stations, the property appeals to investors seeking secure income, capital growth prospects, and diversification within a desirable regional market. On-site car parking further elevates tenant convenience, enhancing tenant retention.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront Retail / Office
Property Size
3,651 sq ft
Costar Property Class
B
Year Built
1903
Price
£795,000
Price per sq ft
£217.75
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.42
Total Plot Size
0.20 ac
Frontage
53 ft on King St
Amenities
- Corner Lot
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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1 King St
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