Available
Brighouse – Retail & Office Investment
18-20 Bethel Street & 18-20 West Park Street, Brighouse HD6 1JNFreehold three retail units and self-contained office accommodation
Price
£350,000
Rent P.A.
£26,360
Yield
ERV £40,360
Tenure
Freehold
Lease Term
Various
Years Left on Lease
1y 11m
Area
4,500 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- ERV: £40,360 p.a. GIY: 11.53%
- VAT is applicable to this property
- Comprises 3 ground floor shops, 1 shop with ancillary above and a self-contained office accommodation
- Residential development potential subject to vacant possession and obtaining the necessary consents
- Town centre location with occupiers close by including Betfred, Halifax and HSBC, amongst many more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property is arranged on ground and two upper floors to provide two shops fronting Bethel Street, with self-contained office accommodation above and 2 shops fronting West Park Street with ancillary accommodation above, providing the following accommodation and dimensions:
Bethel Street:
18 Bethel Street - Ground Floor Shop: 44.00 sq m (474 sq ft)
20 Bethel Street - Ground Floor Shop: 63.00 sq m (678 sq ft)
18-20 Bethel Street - First/Second Floor Office: 154 sq m (1,657 sq ft)
West Park Street:
18 West Park Street - Ground/First/Second Floor Retail: 130 sq m (1,400 sq ft)
20 West Park Street - Ground Floor Shop: 27 sq m (290 sq ft)
Bethel Street:
18 Bethel Street - Ground Floor Shop: 44.00 sq m (474 sq ft)
20 Bethel Street - Ground Floor Shop: 63.00 sq m (678 sq ft)
18-20 Bethel Street - First/Second Floor Office: 154 sq m (1,657 sq ft)
West Park Street:
18 West Park Street - Ground/First/Second Floor Retail: 130 sq m (1,400 sq ft)
20 West Park Street - Ground Floor Shop: 27 sq m (290 sq ft)
Tenancy Description
The shop at 18 Bethel Street is at present let to an Individual t/a Mini Market for a term of 5 Years from 10th January 2020 at a current rent of £7,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 10.01.2024. Tenant in occupation since 2017.
The shop at 20 Bethel Street is at present let to Limited Company t/a Clothing Boutique for a term of 4 Years from 25th May 2022 at a current rent of £7,540 p.a. and the lease contains full repairing and insuring covenants. Rent review on 25.05.2025. Break clause in 2023 not exercised
The office space at 18-20 Bethel Street is at present let to Charity Organisation for a term of 6 Years from 21st October 2020 at a current rent of £7,020 p.a. and the lease contains full repairing and insuring covenants.
The shop at 20 West Park Street is at present let to an Individual t/a Dermace Academy for a term of 3 Years from June 2023 at a current rent of £4,800 p.a. and the lease contains full repairing and insuring covenants. Lease renewal. Tenant in occupation for many years.
The three storey retail premises at 18 West Park Street are at present vacant. ERV: £14,000 p.a.
The shop at 20 Bethel Street is at present let to Limited Company t/a Clothing Boutique for a term of 4 Years from 25th May 2022 at a current rent of £7,540 p.a. and the lease contains full repairing and insuring covenants. Rent review on 25.05.2025. Break clause in 2023 not exercised
The office space at 18-20 Bethel Street is at present let to Charity Organisation for a term of 6 Years from 21st October 2020 at a current rent of £7,020 p.a. and the lease contains full repairing and insuring covenants.
The shop at 20 West Park Street is at present let to an Individual t/a Dermace Academy for a term of 3 Years from June 2023 at a current rent of £4,800 p.a. and the lease contains full repairing and insuring covenants. Lease renewal. Tenant in occupation for many years.
The three storey retail premises at 18 West Park Street are at present vacant. ERV: £14,000 p.a.
Tenancies & Accommodation
Location Description
Brighouse is a town within the metropolitan borough of Calderdale in West Yorkshire, England. Historically within the West Riding of Yorkshire, it is situated on the River Calder, 4 miles (6.4 km) east of Halifax. The town is served by Junction 25 of the M62 motorway and Brighouse railway station on the Calderdale Line and Huddersfield Line. The property is located on busy Bethel Street in the heart of Brighouse, within walking distance from Bethel Street Car Park. Occupiers close by include Betfred, Halifax and HSBC, amongst many more.
