Block of flats for sale in New Street, Huddersfield HD1

Residential scheme for an apartment hotel or mixture of 1-2 bed apartments (pd - STP)

Asking price: £980,000

Address: Floors 2-6, Ramsden House, New Street, Huddersfield, HD1 2TW

Property Type: Office block, Investment, Development opportunity to Residential or Student accommodation stp.

Total Size: Office block 14,043 sq. Ft 5 storey, plus circa 14,000 sq. Ft footprint providing additional air space for development stp.

**Currently a multi-let as an office block producing a net rental income of £53,500 with an erv of £80,000

**Prime Freehold investment/development opportunity for a Residential or Student Conversion scheme**

**Investment Summary**

- Highly visible location, situated in the heart of Huddersfield Town Centre.
- Leased to multiple tenants.
- Net rental income of £53,500 per annum, derived from a diverse range of businesses within the office block. Erv of £80,000.
- Substantial potential for transforming offices into high-quality student accommodation or a residential scheme under permitted development subject to planning.
- Planning consent was granted for the conversion of office space into 45 studio accommodation units (excluding conversion costs).
- Freehold standalone block.
- Strategically located with excellent transport links, easily accessible from the M62 and M1 Motorways.
- Kirklees Council is undertaking substantial regeneration under phase 1 of the £262 million Huddersfield Town Centre refurbishment master plan; with the former Queensgate Market which will become a food hall. Redevelopment also includes creating a new Cultural Heart in the Queensgate and Piazza district, adjacent to Ramsden House. The plan aims to transform the immediate vicinity with additions such as a new library, art gallery, museum, and live music venue.

**Description - Ramsden House**
Ramsden House Business Centre is a multi-occupancy complex comprising ground-floor retail spaces (sold on long leases) and five-storey office block. Located in the heart of Huddersfield Town Centre with convenient transport links from the M62 and M1 Motorways. The ground floor houses 12 retail properties, with the first floor providing storage for these stores. The remaining floors consist of various offices, ranging from 103 to 2835 square feet. Modern shared kitchens and bathroom facilities are available on each floor, and the building is equipped with 24-hour access technology, a key fob entry system, and a modern entrance area.

**Location**
Prominently located in Huddersfield town centre, Ramsden House is surrounded by New Street, Ramsden Street, and Corporation Street. It is adjacent to the Town Hall, Library, Art Gallery, and the primary shopping district. The main bus station and Huddersfield Railway Station are within walking distance. The University of Huddersfield campus is 0.2 miles east, and the property provides easy access to the TransPennine rail network.
Huddersfield is the principal town in the Kirklees district of West Yorkshire, strategically positioned approximately 16 miles southwest of Leeds and 28 miles northeast of Manchester. The town offers direct access to Junctions 23,24, and 25 of the M62, connecting to the major motorway network in the north of England.

**Specification**
The total area of the property is 39,888 square feet, distributed across different floors:
- Ramsden House Second Floor – 2,767 square feet
- Ramsden House Third Floor – 2,827 square feet
- Ramsden House Fourth Floor – 2,835 square feet
- Ramsden House Fifth Floor – 2,803 square feet
- Ramsden House Sixth Floor – 2,811 square feet
- Circa 14,000 sq. Ft foot print providing additional air space for development stp
- Potential for a further 70,000 sq. Ft + scheme matching the existing height of the current office block using the airspace stp, thereof providing a total of 84,043 sq. Ft for newbuild and redevelopment including the existing office block.

**Planning**
The property is not Grade II listed and is not located within a conservation area. Ramsden House has planning consent to convert the office block into 45 residential studios. Planning consent was granted on 22nd January 2021 under reference 2019/62/92983/W.

**Redevelopment Opportunity**
Ramsden House, with planning consent for 45 residential studios, offers a significant redevelopment opportunity. The proposed breakdown includes 25 small studios (19-22 sq. M), 15 medium studios (24-24 sq. M), and 5 large studios (31 sq. M). Planning documentation is available on request from Kirklees Council’s Planning Department.
Alternatively, a scheme for an apartment hotel or mixture of 1-2 bed apartment

**Plans Underway**
The redevelopment of the former Co-op building on New Street is in progress, funded in partnership with Kirklees Council and the Property Investment Fund (pif). The pif allows the council to fund strategic regeneration schemes.

**Tenure**: Freehold

**EPC**: Energy Performance Certificates available on request. Refer to the tenancy schedule for individual designations.

**Rateable Values**: Available on request for individual properties.

**VAT**: Applicable on the purchase price.

**tupe**: The purchaser must comply with relevant legislation regarding current employees.

**Viewings**: Ivy Group facilitates formal inspections of the site.

*Supporting Information please request**

**Redevelopment Opportunities**:
- Competing Studio Scheme Illustration Available in Brochure.
- Floorplans & Designs Available in Brochure

**Current Tenancy Schedule**:
- A Comprehensive Tenancy Schedule Is Available in Brochure

For more information or to arrange a viewing please don't hesitate to get in touch.

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1: The details contained within these particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer or contract.
2: All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to each of them. Figures and gross rentals quoted may be subject to change.
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