126 Main Street, Ilkley

Asking Price of £220,000
Under Offer
Retail Property (high street)

FOR SALE, INVESTMENT OPPORTUNITY, IN NEED OF REFURBISHMENT, CURRENT INCOME: £12,756 (TO MARCH 2018), POTENTIAL INCOME: £16,800. GUIDE PRICE: £220,000

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Call our office on: 01943 662662 or:

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LOCATION
The property is located on the eastern edge of this attractive village within easy access of all amenities, and opposite the park. Situated within a small retail parade, Menston railway station is within a few minutes walk, providing access to both Leeds, Bradford and Ilkley.

DESCRIPTION
126 Main Street is an attractive stone built property arranged over basement, ground and two upper floors. The ground floor of the property which features a large bay window to the front elevation is currently trading as an antiques shop with workshop and storage in the basement. The upper floors are residential and let out on an assured short-hold tenancy.

The property could now benefit from a programme of refurbishment.

ACCOMMODATION
Sq. Ft.Sq. M
Ground Floor Retail 365 34
Basement Workshop & Storage 400 37
TOTAL 765 71
1st and 2nd Floors - Residential

INCOME
The ground floor was let at £488 month (£5,856 p.a.) on a lease expiring 18th March 2018.

The apartment is let on an assured short-hold tenancy at a rent of £575 per month (£6,900 p.a.).

VAT
VAT is not chargeable on the property.

RATES
The ground floor retail has a rateable value of £4,000 in the Rating List.

SERVICES
We understand that all mains services are installed or are available. However we recommend that prospective purchaser make their own enquiries as to the availability, suitability and capacity of such services.

VIEWING
Strictly by appointment only, contact:-
Richard Heslop: 01943 662662
Or email richard@daleeddison.co.uk