Workshop & retail space

FOR SALE INVESTMENT PROPERTY 192 HUDDERSFIELD ROAD, MIRFIELD WF14 8AT MULTI LET COMMERCIAL INVESTMENT PRODUCING AN INCOME OF £47,560 PER ANNUM WITH AN ERV OF £51,160 WHEN REMAINING OFFICE SUITE IS LET A fantastic opportunity to purchase a well-established multi let commercial investment which has been family owned for over 40 years. Having a prominent location fronting Huddersfield Road in the centre of Mirfield, the detached building offers a combination of retail and office accommodation with five tenants the majority of which are long standing. The property currently produces a passing rent of £47,560 per annum with an Estimated Rental Value when the final office suite is let of £51,160 per annum. Executive summary • A multi let commercial investment in the centre of Mirfield which has long standing Tenants. • Passing rent of £47,240 per annum • Offers around £680,000 which shows a net initial yield of 7.4% following the deduction of the usual purchasers costs.

LOCATION

The property is located on A644 Huddersfield Road in the centre of Mirfield which is a busy town centre with a number of established local occupiers and national retailers. There is a high concentration of residential properties in the immediate vicinity and surrounding villages which Mirfield serves.

PROPERTY DESCRIPTION

192 Huddersfield Road is a detached L shaped brick and stone-built property which has two retail units on the ground floor with three offices to the first floor and a further self-contained office/studio. The offices are accessed by an external staircase and look over Huddersfield Road. Two out of the three offices are currently let with the third recently coming vacant and is currently being marketed. Ravello Café and Delicatessen occupy a double fronted ground floor retail unit. The café is well established and presents extremely well. It comprises shop/counter area, open kitchens and large seating area with customer w.c’s. There is external access to the rear, and it benefits from 2 car parking spaces at the side of the property. M & R Hardware is a single ground floor retail unit formerly L D Smith Ironmongers which has been trading in the building since it was built approximately a 100 years ago. With open plan retail space and WC there is also external access to the rear and 4 car parking spaces. The first-floor offices are currently let on yearly licences as detailed below within the Tenancy description. Office 1 offers two good sized rooms; offices 2 & 3 are single rooms. The offices are separately metered and fully carpeted. There is shared kitchenette and toilet which serves the offices. The studio has a separate external staircase and is currently used as a photography studio. The suite comprises of a reception area, office, two studios and WC.

VAT

The property is not elected for VAT.

EPC

A full copy of the Energy Performance Certificates are available upon request.

PROPOSAL

The purchase price is offers around £680,000 (six hundred and eighty thousand pounds) which shows a net initial yield of 7.4% following the deduction of the usual purchasers costs.

VIEWINGS

For viewings and further information please contact Gina Powell or Rebecca Blyth l on[use Contact Agent Button] or [use Contact Agent Button]; [use Contact Agent Button]