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A Mid Terrace Commercial Building Arranged to Provide Two Ground Floor Retail Units and First Floor Ancillary Space Fully Let Producing £43,000 Per Annum
The property comprises a mid terrace commercial building arranged to provide two ground floor retail units and first floor ancillary space.
Tenure
Leasehold. The property is held on a 199 year lease from 1st April 1956 (thus approximately 128 years unexpired).
Location
The property is situated in Shipley City Centre close to local shops and amenities. Nearby multiples include Greggs, Asda and HSBC. The open spaces of Northcliffe Park are within easy reach. Transport links are provided by Shipley rail station.
Accommodation
38 Market Square Ground Floor Retail Unit G.I.A Approx 42 sq m 40 Market Square Ground Floor Retail Unit G.I.A Approx 97 sq m First Floor Ancillary Space G.I.A Approx 146 sq m
Tenancy
38 Market Square is subject to a lease for a terms of 5 years commencing 15th October 2025 at a rent of £13,500 per annum. 40 Market Square is subject to a lease for a term of 10 years commencing 3rd October 2016 at a rent of £29,500 per annum.
Energy Efficiency Rating (EPC)
Current Rating B
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.