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43-51 Bethel St 3,218 sq ft 100% Let Retail Property Brighouse HD6 1JR £600,000 (£186.45/sq ft) 11.66% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Brighouse town centre
- 1 mile and is surrounded by the larger Towns of Huddersfield and Halifax
- Close to the junction of Briggate & Market Street
EXECUTIVE SUMMARY
The investment briefly comprises a substantial stone built building along Bethel Street in the heart of Brighouse Town Centre, with mixed multi-tenanted retail to the ground and first floor levels. The four ground floor retail units are fully let and comprise of Kafe Rose, Overgate Charity Shop, Overgate Boutique & Turkish Delight. The first floor comprises 6 suites, one of which is occupied by Overgate Charity Shop and can be accessed from their ground floor retail unit. The others are currently let, with the exception of one. First floor occupiers include a hairdressers and beauticians.
The investment currently produces a combined rental income of £41,000 per annum with opportunity for growth on the headline rentals. Total ERV is estimated at £70,000 pa reflecting a reversionary yield of 11.66% (based on our opinion of ERV). Mains services connected to the premises include electricity, gas, water and drainage. Please note these services have not been tried or tested and any interested parties are advised to satisfy themselves as to suitability and condition.
The investment currently produces a combined rental income of £41,000 per annum with opportunity for growth on the headline rentals. Total ERV is estimated at £70,000 pa reflecting a reversionary yield of 11.66% (based on our opinion of ERV). Mains services connected to the premises include electricity, gas, water and drainage. Please note these services have not been tried or tested and any interested parties are advised to satisfy themselves as to suitability and condition.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
3,218 sq ft
Year Built
1989
Price
£600,000
Price per sq ft
£186.45
Yield
11.66%
NOI
£69,960
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.82
Total Plot Size
0.09 ac
Frontage
49 ft on Bethel Street
AMENITIES
- 24 Hour Access
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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43-51 Bethel St
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