23 April 2025: Wednesday 23 April 2025 - 9:00am
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    Key features

    • High Yielding Mixed-Use Investment
    • Ground Floor Retail Unit and Vacant Upper Parts
    • Ground Floor Let on a New 10 Year Lease Expiring 21.08.2034
    • Asset Management Potential Via Letting of Upper Parts
    • Development Potential to Upper Parts (stp)
    • Investment let £10,000 p.a. (11.76% GIY on Guide Price) with Vacant Upper Parts

    Description

    The property comprises a high yielding mixed-use investment opportunity with evident asset management and development potential.

    Arranged across ground, first and second floors, the property provides a retail unit to the ground floor with offices to the upper parts.

    The ground floor is currently let on a new 10 year lease to a private individual expiring 21.08.2034 abnd paying £10,000 per annum.

    The upper parts comprise separately accessed, self-contained, office accommodation and are currently vacant.

    We consider the property offers asset management potential via letting of the vacant space, with an opportunity to improve both rents and income diversity. We consider there may also be potential to convert the upper parts to alternative uses, including residential (subject to obtaining the requisite consents).

    The property occupies a prominent pitch and forms parts of a popular local parade fronting North Street, a busy arterial route 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

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground floor

    • Approx. 1,496 sq ft

    First Floor

    • Approx. 2,314 sq ft.

    Tenancy

    Ground floor

    • Let to a private individual (t/a Personal Ice)
    • Let on a 10 year lease from August 2024
    • Investment let at £10,000

    First Floor

    • Vacant upper floors

    Rent

    10,000 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Prospective purchasers must reply upon their own enquiries prior to bidding. Please refer to the legal pack.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located on the East side of North Street and other nearby occupiers include JD Wetherspoons, a Post Office, CeX, and Keighley Library.

      Transport

      Keighley - LNER and Northern

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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