Log In/Sign Up
Your email has been sent.
21-23 Town Hall St 1,499 SF Retail Building Sowerby Bridge HX6 2EA $650,631 ($434.04/SF) 8.37% Cap Rate
Investment Highlights
- Signage
- Versatile use
- Natural light
Executive Summary
Fully let mixed use investment opportunity.
Ground floor commercial unit with 5 residential units above and to the rear.
Gross Rental Income £39,800 per annum Initial yield based on passing rents 8.37% with the prospect of rental growth.
The property comprises a three storey stone built mixed commercial and residential property. The ground floor is a commercial unit formerly occupied
as a building society, and currently occupied by regional estate agents, Ryder & Dutton.
The upper floors are converted into 4 flats which are all tenanted under assured shorthold tenancies. In addition, there is a cottage to the rear accessed off Corporation Street.
The property provides a fully let mixed commercial and residential investment block with apartments finished to a satisfactory standard, with the commercial element of
the property occupied under a formal commercial lease for a term of 10 years to a good quality regional covenant.
Ground floor commercial unit with 5 residential units above and to the rear.
Gross Rental Income £39,800 per annum Initial yield based on passing rents 8.37% with the prospect of rental growth.
The property comprises a three storey stone built mixed commercial and residential property. The ground floor is a commercial unit formerly occupied
as a building society, and currently occupied by regional estate agents, Ryder & Dutton.
The upper floors are converted into 4 flats which are all tenanted under assured shorthold tenancies. In addition, there is a cottage to the rear accessed off Corporation Street.
The property provides a fully let mixed commercial and residential investment block with apartments finished to a satisfactory standard, with the commercial element of
the property occupied under a formal commercial lease for a term of 10 years to a good quality regional covenant.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,499 SF
Building Class
C
Year Built
1986
Price
$650,631
Price Per SF
$434.04
Cap Rate
8.37%
NOI
$54,458
Tenancy
Single
Building Height
3 Stories
Building FAR
0.57
Lot Size
0.06 AC
Amenities
- Energy Performance Rating - D
1 1
Nearby Major Retailers
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
21-23 Town Hall St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.