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Cavendish Street, Keighley, West Yorkshire, BD21

Guide price £625,000

• Planning Consent for Conversion of the Upper floors to 12 Residential Units
• Total Current Rental Income - £57,446 per annum
• ERV If upper floors were converted over £115,000pa
• Fixed rental uplift on Retail Portion
• Town Centre Location

Keighley is a relatively large market town and a long-established manufacturing town in the Aire Valley c 8 miles north-west of Bradford and c10 miles north of Halifax. Keighley has a population of c56,000 from the 2011 census and benefits from good road and rail links to the commercial centres of Leeds and Bradford.The subject property is situated on Cavendish Street, one of the main retail streets in the centre of Keighley, popular with occupiers and is subject to low vacancy rates. Nearby occupiers include B &M, Sainsburys, Sue Ryder, Evans Halshaw as well as many local retail occupiers.

The property is an attractive freehold 5- story (including basement) stone building with 4 Ground Floor retail units, (one of which is subject to a long lease to the occupier); A first floor business centre with Ground floor reception and vacant second and third floors. The upper floors are accessed by both stairs and a lift and the second and third floor are stripped out ready for residential conversion. With regards to 21 cavendish street, the occupier holds Long Leasehold for the Basement, Ground and first floor only.The property benefits from planning permissions 21/04325/PN3MA and 22/03746/PN3MA for either conversion of the first, second and third floors or alternatively only the second and third floors to form 9 or 12 residential units totalling 17 Bedrooms over 7,478sqft.

FreeholdA long leashold has been granted on the Ground and Basement of 21 Cavendish st

Tenancy Schedule
See Particulars

See Particulars

Investment Sale
Offers in the region of £625,000 are invited for the freehold

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