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104 Main Street, Bingley, BD16 2JH

For sale: £325,000.00|3,272 Sq Ft|Mixed Use, Other Property Types & Opportunities

Property details

FOR SALE£325,000.00
SIZE3,272 Sq Ft
ADDRESS104 Main Street, Bingley, BD16 2JH
TYPEMixed Use, Other Property Types & Opportunities
TENUREInvestment Opportunity
POSTED ON13th January 2021

Description

LOCATION

Situated within Bingley Town Centre, the property occupies a prominent position fronting onto Main Street (B6265) and, forms the end of a terrace of similar retail units. Nearby occupiers in the immediate vicinity include Valentino’s, Feature Radiators, Northcliffe Mortgages, Great Shakes, The Potting Shed, Martinez Wines, Weatherhead & Butcher Solicitors etc.

A pay and display car park is located nearby and Bingley’s main Train Station is only a short walk to the south giving good connections through to Leeds, Bradford, Shipley, Skipton etc.

DESCRIPTION

The property comprises a ground floor retail unit currently occupied as a hairdressers (trading as Craftman Barbers) together with basement areas now utilised for staff, storage etc. To the upper part of the property are 4 separately accessed apartments to first and second floor levels with a combination of studio and 1-bedroom accommodation.

ACCOMMODATION

According to our measurements taken on site the property offers the following accommodation:-

Ground Floor (Hairdressers)

Sales/Rear Sales Area 64.58 sqm (695 sqft)

Basement (Hairdressers)

Storage/Staff Areas etc 64.77 sqm (698 sqft)

First Floor

Flat A – Studio 33.29 sqm (358 sqft)

Flat D – 1 Bedroom 46.23 sqm (498 sqft)

Second Floor

Flat B – 1 bedroom 46.86 sqm (504 sqft)

Flat C – 1 Bedroom Duplex 54.84 sqm (519 sqft)

Externally, there is a rear partly surfaced yard/car parking area with access from Ferrand Lane.

RATING ASSESSMENT

The property is currently assessed for rating purposes as follows:-

Description: Shop & Premises
Rateable Value: £6,000

The Uniform Business Rate for 2020/2021 is 50.3 pence in the £.

Due to transitional relief provisions, the rates payable may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority as to the current rates liability.

The current Council Tax Band for each flat is A - £1,140.09

TENANCIES / LEASES

The barbers shop is currently let at a rental of £9,000 per annum. The remaining apartments are let at rentals of between £236 and £400 per calendar month, producing a total of £1,321 per calendar month. The total annualised income for this part of the property is £24,852 per annum.

PRICE

The property is available for sale at a price of £325,000. Our clients also own the adjoining rear workshop premises which can be available at an additional price. Separate/further details are available upon request.

VAT

VAT will be charged at the prevailing rate – if applicable.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate (EPC) ratings are as follows:-

Retail Unit - E 123
Flat 104A - D62
Flat 104B - D-56
Flat 104C - E46
Flat 104D - C72

Location

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Location: 104 Main Street, Bingley, BD16 2JH

Bingley (0.2 miles)

Crossflatts (0.6 miles)

Saltaire (2.2 miles)

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