20 & 22, Brook Street, Ilkley, LS29 8DE

Summary

The property comprises two prime located and well configured rectangular shaped retail units as well as a vacant two bedroom apartment. Unit 22 provides accommodation over ground and first floor comprising sales area, rear storage and further storage and staff welfare accommodation at first floor level. Unit 20 provides accommodation at ground floor only with sales area to the front and storage and staff welfare facilities to the rear. Above Unit 20 is a vacant two bedroom apartment which requires redecoration in order to make it lettable. The apartment is accessed via a courtyard to the rear just off Railway Road. The building is of traditional brick construction of with pitched slate roofs, together with an extension to the rear with flat roof.

Key Points

Viewings

For further information or to arrange an inspection please contact Jacques Esterhuizen, 0113 245 1447, jacquesesterhuizen@cartertowler.co.uk

Proposal

We are instructed to seek offers in excess of £1,450,000 (One Million Four Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 5.82 on the current contracted income assuming purchaser’s costs 6.08% and a headline reversionary yield of 6.48% upon leasing the apartment.

Location

Ilkley is a spa town in West Yorkshire, located to the north of Bradford and north west of Leeds. The town’s heritage and surrounding countryside makes tourism an important contributor to the local economy. The town has a resident population of approximately 14,809 people (2011 Census) Ilkley lies on the A65 which connects Leeds and Kendal, linking with the A1(M) to the east and the M65 to the west. The town is connected by rail, with frequent services to Leeds and Bradford Leeds Bradford is situated approximately 9.6 miles east.