For Sale - Prime Retail and Office Investment in Ilkley
Summary
- High footfall location on The Grove
- Reversionary yield of 7.1%
- Current combined rental income of £47,500 per annum
- No VAT payable on the purchase price
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Lower Ground - Floor | 582 | 54.07 | Available |
| Ground - Sales | 638 | 59.27 | Available |
| 1st - Floor | 568 | 52.77 | Available |
| 2nd - Floor | 555 | 51.56 | Available |
| 3rd - Floor | 342 | 31.77 | Available |
| Total | 2,685 | 249.44 |
Location
Ilkley is an affluent commuter town with a population of 15,000. Situated on the edge of the famous Ilkley Moor, it is a very popular tourist destination with a total annual footfall of over 400,000. The commercial centre of Leeds is only 15 miles and there are half hourly train services serving Leeds and Bradford both being within 30 minutes. Skipton is only 20 minutes drive and regarded as the Gateway to the Yorkshire Dales. The M1/A1 and M62 are within a 40-minute drive giving motorway access to the north/north east of England. Ilkley has numerous bars, restaurants and cafés many of which are independent, together with Piccolinos and the Box Tree restaurant. The Grove represents the town’s premier retail street, with the renowned Betty’s Café Tea Rooms nearby.
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Mainline Stations
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Ilkley3 mins
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Ben Rhydding22 mins
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Burley-In-Wharfedale61 mins
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Menston83 mins
Underground Station
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Chesham3119 mins
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Amersham3160 mins
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Chalfont and Latimer3179 mins
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Chorleywood3208 mins
Further Information
Price Offers in the region of £695,000
Rates Payable Upon Enquiry
Description
The property is an attractive mid-terrace Victorian built property of stone construction underneath a pitched slate roof providing accommodation on five floor levels and prominently positioned on The Grove. The lower ground floor which has access from Back Cunliffe Road and ground floors are let to national charity Scope, with three floors of offices above.
The offices are well-appointed with bay windows having stunning views overlooking Ilkley Moor. Wholly refurbished and refitted 5 years ago the offices are largely open-plan heated by way of electric radiators and which have LED lighting.
A shared kitchen and WC’s are situated on half floor landings.
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