Guide price
£850,000
(£8,500.00/sq. ft)
Restaurant for saleNew Brook Street, Ilkley LS29
100 sq. ft
About this property
Superb investment opportunity - freehold for sale
Well let mixed commercial and residential property
Superb location just off A65 town centre
Long established restaurant and 2 self contained, 2 bed flats
Current income £65,220 pa (gross)
Guide Price £850,000 (offers invited)
Location & descriptiom
The property comprises a long established restaurant (The Ilkley Cow) with3 & 4 bed maisonettes on upper floors all offering accommodation of a high standard. The building has excellent frontage to the busy A65 through route close to the town centre. Vehicular rights across a private road at the rear afford excellent delivery access/parking.
Ilkley (population. Approx. 15,000) is an affluent and popular town with a wide range of well regarded retail and hospitality businesses approx attracting custom from a wide area.
Accommodation
Ground/Lower Ground Floors
The Ilkley Cow comprises an attractively presented restaurant (13.9 x 9.7m o/a - approx 70 covers) fitted out to a high standard, having large kitchen (10.9 x 6.7m), plus prep areas/stores to the rear/below all having good delivery access at the rear.
1A: First Floor
Kitchen 3.7 x 2.4m
Bedroom 4.3 x 3.4 m (max)with e-s shower/WC
Sitting Room 4.8 x 4.3 with large bay window to front
Office 3.3 x 2.0m.
Second Floor:
3 Bedrooms 4.8 x 4.3m (velux rooflight), 4.6 x 4.3m (dormer window) and 3.3 x 2.2m.
3A: First Floor:
Dining Kitchen 4.7 x 4.3m with fitted units
Sitting Room 6.8 x 4.2m with large bay window to front
Second Floor:
3 Bedrooms 4.8 x 4.3m (velux rooflight), 4.5 x 4.3m (dormer window), 3.3 x 2.2m; Bathroom.
Leases
Gnd/Lwr Gnd Flr: - 5 year lease in favour of Robert Arthur Sypniewski wef 1st January 2024 on effective Fri terms(*). Rent £39,000 pa
Flat 1A – AST wef 16th December 2025. Rent £1160 pcm (£13,920 pa)
Flat 3A – AST wef 27th April 2025. Rent £1025 pcm (£12,300 pa)
- (*) internal repairs plus 75% of external/structural repairs
- All rents are quoted on an exclusive basis
Services - Mains services available, all units are advised to be individually metered.
EPC
Nos 1-3 – B (47)
1A – D (67)
3A – D (64)
Rates
Nos 1-3 rv £35,250
1A & 3A – each Council Tax Band B
Guide price
£850,000 (offers invited).
VAT
Not applicable
Current gross rent
Current Gross rent £65,220 pax
A purchase at the above guide equates at a gross return of 7.67% before allowance for purchasers’ costs.
Anti money laundering regulations
In accordance with regulations electronic id checks will be carried out on purchasers where required.
Viewing
Strictly by arrangement with sole agents - Atkinson associates.
The property comprises a long established restaurant (The Ilkley Cow) with3 & 4 bed maisonettes on upper floors all offering accommodation of a high standard. The building has excellent frontage to the busy A65 through route close to the town centre. Vehicular rights across a private road at the rear afford excellent delivery access/parking.
Ilkley (population. Approx. 15,000) is an affluent and popular town with a wide range of well regarded retail and hospitality businesses approx attracting custom from a wide area.
Accommodation
Ground/Lower Ground Floors
The Ilkley Cow comprises an attractively presented restaurant (13.9 x 9.7m o/a - approx 70 covers) fitted out to a high standard, having large kitchen (10.9 x 6.7m), plus prep areas/stores to the rear/below all having good delivery access at the rear.
1A: First Floor
Kitchen 3.7 x 2.4m
Bedroom 4.3 x 3.4 m (max)with e-s shower/WC
Sitting Room 4.8 x 4.3 with large bay window to front
Office 3.3 x 2.0m.
Second Floor:
3 Bedrooms 4.8 x 4.3m (velux rooflight), 4.6 x 4.3m (dormer window) and 3.3 x 2.2m.
3A: First Floor:
Dining Kitchen 4.7 x 4.3m with fitted units
Sitting Room 6.8 x 4.2m with large bay window to front
Second Floor:
3 Bedrooms 4.8 x 4.3m (velux rooflight), 4.5 x 4.3m (dormer window), 3.3 x 2.2m; Bathroom.
Leases
Gnd/Lwr Gnd Flr: - 5 year lease in favour of Robert Arthur Sypniewski wef 1st January 2024 on effective Fri terms(*). Rent £39,000 pa
Flat 1A – AST wef 16th December 2025. Rent £1160 pcm (£13,920 pa)
Flat 3A – AST wef 27th April 2025. Rent £1025 pcm (£12,300 pa)
- (*) internal repairs plus 75% of external/structural repairs
- All rents are quoted on an exclusive basis
Services - Mains services available, all units are advised to be individually metered.
EPC
Nos 1-3 – B (47)
1A – D (67)
3A – D (64)
Rates
Nos 1-3 rv £35,250
1A & 3A – each Council Tax Band B
Guide price
£850,000 (offers invited).
VAT
Not applicable
Current gross rent
Current Gross rent £65,220 pax
A purchase at the above guide equates at a gross return of 7.67% before allowance for purchasers’ costs.
Anti money laundering regulations
In accordance with regulations electronic id checks will be carried out on purchasers where required.
Viewing
Strictly by arrangement with sole agents - Atkinson associates.
Mortgage calculator
Monthly repayment
£4,252 per month
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