Retail premises for sale in Kirkgate, Silsden BD20

Location

The property is situated at the centre of Silsden, fronting onto Kirkgate (A6034), the main route through the town and the main shopping street. Kirkgate links Silsden through to Keighley Road, which joins the A629 Aire Valley Trunk Road, to the south of the town, giving access to Keighley, Skipton and beyond.

The building benefits from a central position, with all necessary amenities nearby. Occupiers in the vicinity include Hill’s Bakery, Silsden Sub-Post Office, Kirkgate fisheries, The Red Lion Hotel, Silsden Vets, and the Skipton Building Society.

The town benefits from a large Coop Food store at the northern end, and an Aldi Supermarket to the South.

Description/tenancies

The property comprises a block of 6 flats, and one retail unit. The residential properties comprise 2 one bed studio units, a 3 x 2 bed duplexes, and a 3-bed duplex apartment.

There is a retail unit located fronting onto Kirkgate.

The property is currently producing a gross annualised rental of £50,120.20 pa.

A schedule of rents and tenancies etc is set out below:

Premises
Annual Rent (pcm in Brackets)
Type of Agreement Comments/
Accommodation
44 Kirkgate (Retail Premises) (£600 pcm) £7,200 pa Lease – effective Fri

44A Kirkgate (£490 pcm) £5,880 pa
AST One Bed Studio
44B Kirkgate
(4 weekly payments of £400 plus £58.35 pcm)
£5,900.20 pa
AST One Bed Studio
46 Kirkgate (£625 pcm) £7,500 pa
AST 2 Bed Duplex
46A Kirkgate (£630 pcm) £7,560PA
AST 3 Bed Duplex
48 Kirkgate
(£620 pcm) £7,440 pa

AST

2 Bed Duplex
48A Kirkgate (£620 pcm) £7,440 pa
AST 2 Bed Duplex

Billboard £1,200 pa
Total Gross Income £50,120.20 pa

A copy of appropriate documents can be made available if required.

Services

The property benefits from the provision of mains electric, water and drainage. One of the flats has a gas supply.

Please Note: None of these services have been tested and prospective tenants are advised to satisfy themselves as to their condition and type.

Outgoings

We understand the property to be assessed for Uniform Business Rates as follows:-

Description: Shop and Premises
Rateable Value: £7,100

The Uniform Business Rate for 2022/2023 is 51.2 pence in the £.

Due to transitional relief provisions, the rates payable may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority as to the current rates liability.

The residential parts are assessed for Council tax purposes under Band A.

Price

£525,000 Subject to Contract for the freehold interest, and subject to lease/assured shorthold tenancy agreements.

Legal costs

Each party to be responsible for their own legal costs incurred in the transaction.

Energy performance certificate

The Energy Performance Certificates (EPC’s) for the residential parts of the property range between C - 80 and E – 43 for the residential parts. Copies of EPC’s can be provided on application.

The commercial section of the property has an EPC Rating of C – (68)

VAT

All prices and rentals quoted are exclusive of any VAT liability – if applicable.

Anti-money laundering

In accordance with Anti-Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful tenant.