Oakworth Road, Keighley, West Yorkshire, BD21
• Commercial and Residential Part Income Producing Investment
• Prominent Location on Arterial Route
• Suitable for Investors or Owner Occupiers
The subject property comprises a terrace property, of traditional stone construction set under a pitched slate roof. The property is current divided into two parts, having a retail area to the ground floor with residential flats to the upper floors. To the ground floor is a self-contained double retail unit, until recently used as an electrical showroom. The accommodation is set behind full width timber shopfront, protected by aluminium roller shutters. In addition to the open plan sales area is also a workshop at the rear together with small office and WC/kitchen facilities. This part of the property provides an opportunity for owner occupation or to let out as an investment. There may also be potential to sub-divide the retail accommodation into two separate retail units, subject to consent.
The upper floors of the property comprise two self-contained one bedroom flats over the first and second floors. The flats are accessed via a service road at the rear of the property and each comprise lounge, kitchen, bedroom and bathroom.
The upper floor flats are let at rents of £300 and £350 per calendar month thus providing a total income of £650 per calendar month.
The freehold interest is available, subject to the existing tenancies, at a quoting price of £199,500.
Business Rates / Council Tax
We understand the properties are assessed as follows:246/248 Oakworth Road £8,600246A and 248A Oakworth Road Council Tax Band A eachN.B. The rateable value is not the sum payable. The Non Domestic Business Multiplier should be applied after which small business relief and transitional phasing may also be applicable. Interested parties should make their own enquiries with the Valuation Office Agency or Local Authority.
Energy Performance Certificate
Copies of the Energy Performance Certificates are available via the agent.
The subject property is located on Oakworth Road, one of the main arterial routes into Keighley. The town centre is to be found a short distance from the subject property. The premises are set within a parade of small independent retailers in a convenient fringe location.
Keighley in a busy town in the county of West Yorkshire and part of the Metropolitan Borough of Bradford. The town is located on the A650 Aire Valley Trunk Road and is also home of the Keighley and Worth Valley Railway.