The property comprises a high yielding mixed-use investment occupying a prominent corner pitch and benefitting from both asset management and development potential (subject to consents).

Arranged across ground and first floors, the property comprises a retail unit to the ground floor and separately accessed office accommodation to the first floor.

The ground floor is let to a private individual t/a Phonecare on a lease which expired in July 2023. We understand the tenant is holding over and continuing to pay the annual rent of £6,000 per annum.

The upper parts are arranged as office accommodation and are offered with vacant possession.

We consider the property offers evident asset management potential via renewal of the existing lease and improvement of rents, with nearby retail units producing £10,000 per annum. We consider there may also be an opportunity to improve the annual rent via letting of the upper parts.

Alternatively, the upper parts may benefit from development potential for alternative uses, including residential (subject to obtaining the requisite consents)

The property occupies a prominent corner pitch and forms parts of a popular local parade fronting Bow Street, a busy arterial route leading to the Airedale Shopping Centre and Keighley Bus Station, benefitting from high footfall. The property is immediately to the north of the Town Centre and the area is characterised by a mix of local and national retailers as well as some residential and office accommodation. Nearby occupiers include JD Wetherspoons, a Post Office, CEX, and Keighley Library. The Airedale Shopping Centre is immediately opposite.