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21-23 Town Hall St 1,499 sq ft Retail Property Sowerby Bridge HX6 2EA £475,000 (£316.88/sq ft) 8.37% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Signage
- Versatile use
- Natural light
EXECUTIVE SUMMARY
Fully let mixed use investment opportunity.
Ground floor commercial unit with 5 residential units above and to the rear.
Gross Rental Income £39,800 per annum Initial yield based on passing rents 8.37% with the prospect of rental growth.
The property comprises a three storey stone built mixed commercial and residential property. The ground floor is a commercial unit formerly occupied
as a building society, and currently occupied by regional estate agents, Ryder & Dutton.
The upper floors are converted into 4 flats which are all tenanted under assured shorthold tenancies. In addition, there is a cottage to the rear accessed off Corporation Street.
The property provides a fully let mixed commercial and residential investment block with apartments finished to a satisfactory standard, with the commercial element of
the property occupied under a formal commercial lease for a term of 10 years to a good quality regional covenant.
Ground floor commercial unit with 5 residential units above and to the rear.
Gross Rental Income £39,800 per annum Initial yield based on passing rents 8.37% with the prospect of rental growth.
The property comprises a three storey stone built mixed commercial and residential property. The ground floor is a commercial unit formerly occupied
as a building society, and currently occupied by regional estate agents, Ryder & Dutton.
The upper floors are converted into 4 flats which are all tenanted under assured shorthold tenancies. In addition, there is a cottage to the rear accessed off Corporation Street.
The property provides a fully let mixed commercial and residential investment block with apartments finished to a satisfactory standard, with the commercial element of
the property occupied under a formal commercial lease for a term of 10 years to a good quality regional covenant.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,499 sq ft
Costar Property Class
C
Year Built
1986
Price
£475,000
Price per sq ft
£316.88
Yield
8.37%
NOI
£39,758
Tenancy
Single
Number of Floors
3
Plot ratio
0.57
Total Plot Size
0.06 ac
AMENITIES
- EPC - D
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NEARBY MAJOR RETAILERS
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21-23 Town Hall St
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