Under Offer
Brighouse – Retail & Vacant 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.
£28,000
Yield
8.00%
Tenure
Freehold
Lease Term
Various
Years Left on Lease
3y 10m
Area
4,510 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- 18-20 Bethel Street comprises 2 ground floor retail shops and self-contained office space on first/second floor.
- 18-20 West Park Street comprises double fronted retail shop arranged over ground, first and second floor.
- Total area size: 419 sq m (4,510 sq ft)
- Residential development potential subject to consents.
- 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.
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, presently vacant and accessed from Bethel Street. In addition there is a three storey commercial unit fronting West Park Street presently trading as a make-up artist training academy.
The property provides the following accommodation and dimensions:
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 Space 154 sq m (1,657 sq ft)
18-20 West Park Street - Ground/First/Second Floor 158 sq m (1,700 sq ft)
The property provides the following accommodation and dimensions:
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 Space 154 sq m (1,657 sq ft)
18-20 West Park Street - Ground/First/Second Floor 158 sq m (1,700 sq ft)
Tenancy Description
The shop at 18 Bethel Street is at present let to A.Rashid t/a Retail Shop Limited for a term of 5 Years from 10th January 2020 at a current rent of £7,000 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent review on 10th January 2024.
The shop at 20 Bethel Street is at present let to C.Lloyd t/a The Clinik for a term of 6 Years from 15th May 2015 at a current rent of £7,500 per annum and the lease contains full repairing and insuring covenants.
The office space at 18-20 Bethel Street is at present vacant.
The shop at 18-20 West Park Street is at present let to R.Fletcher t/a Dermace Academy for a term of 5 Years from 11th May 2018 at a current rent of £13,500 per annum and the lease contains full repairing and insuring covenants. There is personal concession to £1,100 per month inclusive of VAT.
The shop at 20 Bethel Street is at present let to C.Lloyd t/a The Clinik for a term of 6 Years from 15th May 2015 at a current rent of £7,500 per annum and the lease contains full repairing and insuring covenants.
The office space at 18-20 Bethel Street is at present vacant.
The shop at 18-20 West Park Street is at present let to R.Fletcher t/a Dermace Academy for a term of 5 Years from 11th May 2018 at a current rent of £13,500 per annum and the lease contains full repairing and insuring covenants. There is personal concession to £1,100 per month inclusive of VAT.
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.
