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AGENT'S DETAILS


Brighouse – Freehold Retail & Office Investment

For sale: £350,000.00|4510 Sq Ft|Residential, Retail, Office, Offices

PROPERTY DETAILS

FOR SALE£350,000.00
SIZE4510 Sq Ft
ADDRESS18-20 Bethel Street & 18-20 West Park Street, Brighouse HD6 1JN
TYPEResidential, Retail, Office, Offices
TENUREFor Sale Freehold
POSTED ON3rd November 2020

DESCRIPTION

Investment Consideration:
Gross Initial Yield: 8.00%
Rental Income: £28,000 p.a.
VAT is applicable to this property
18-20 Bethel Street comprises 2 ground floor retail shops and self-contained office space on first/second floor.
18-20 West Park Street comprises double fronted retail shop arranged over ground, first and second floor.
Total area size: 419 sq m (4,510 sq ft)
Residential development potential subject to consents.
Located on busy Bethel Street in the heart of Brighouse.
Within walking distance from Bethel Street Car Park.
Occupiers close by include Betfred, Halifax and HSBC, amongst many more.

Property Description:
The property is arranged on ground and two upper floors to provide two shops fronting Bethel Street, with self-contained office accommodation above, presently vacant and accessed from Bethel Street. In addition there is a three storey commercial unit fronting West Park Street presently trading as a make-up artist training academy.

The property provides the following accommodation and dimensions:
18 Bethel Street - Ground Floor Shop 44.00 sq m (474 sq ft)
20 Bethel Street - Ground Floor Shop 63.00 sq m (678 sq ft)
18-20 Bethel Street - First/Second Floor Office Space 154 sq m (1,657 sq ft)
18-20 West Park Street - Ground/First/Second Floor 158 sq m (1,700 sq ft)

Tenancies:
The shop at 18 Bethel Street is at present let to A.Rashid t/a Retail Shop Limited for a term of 5 Years from 10th January 2020 at a current rent of £7,000 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent review on 10th January 2024.

The shop at 20 Bethel Street is at present let to C.Lloyd t/a The Clinik for a term of 6 Years from 15th May 2015 at a current rent of £7,500 per annum and the lease contains full repairing and insuring covenants.

The office space at 18-20 Bethel Street is at present vacant.

The shop at 18-20 West Park Street is at present let to R.Fletcher t/a Dermace Academy for a term of 5 Years from 11th May 2018 at a current rent of £13,500 per annum and the lease contains full repairing and insuring covenants. There is personal concession to £1,100 per month inclusive of VAT.

Location:
Brighouse is a town within the metropolitan borough of Calderdale in West Yorkshire, England. Historically within the West Riding of Yorkshire, it is situated on the River Calder, 4 miles (6.4 km) east of Halifax. The town is served by Junction 25 of the M62 motorway and Brighouse railway station on the Calderdale Line and Huddersfield Line. The property is located on busy Bethel Street in the heart of Brighouse, within walking distance from Bethel Street Car Park. Occupiers close by include Betfred, Halifax and HSBC, amongst many more.

LOCATION

Location: 18-20 Bethel Street & 18-20 West Park Street, Brighouse HD6 1JN

Brighouse (0.2 miles)

Deighton (2.5 miles)

Halifax (3.4 miles)

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