Leeds Road, Ilkley, West Yorkshire, LS29
• Mixed Use Investment/Development Opportunity
• Potential for residential conversion of the upper floor accommodation
• Two Ground Floor Prominent Retail Units
• Potential for Increase in Rental Revenue
9 Leeds Road is a substantial and prominently positioned four storey Victorian building located close to the junction of Leeds Road and Brook Street. The ground floor accommodation provides two retail units separated via a central staircase leading to the upper floors. The upper floors in the past have provided a mix of residential and office accommodation and have in the past benefited from a planning consent for conversion to form 5 one bedroom apartments.
9A Leeds Road is let to a private individual who occupier the unit on a 6 year lease from June 2014.
9B Leeds Road is let to The Aisle Limited on a 5 year lease from January 2018, there is a tenants right to exercise a break option on the 3rd anniversary of the lease.
For additional information on the rental income please contact the instructed agent.
Planning consent was granted on the 21st December 2012 for 'the conversion of property to single A1/A2 unit at ground floor and creation of five one bedroom flats on the first, second and third floors, under application No. 12/04443/FUL. Although the planning has now lapsed it is expected a similar scheme will be acceptable.