54B Carlton Street, Castleford
£52.45 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,288 sq ft
213 sq m
- SECTOR
Commercial property for sale
Key features
- Freehold Asset Management Opportunity
- Retail Unit in Upper Parts
- Let for £20,000 per annum
- Tenant Not in Occupation and in Liquidation
- Asset Management Potential Via Re-Letting
- Opportunity to Create a High Yielding Investment
- Conversion Potential to Upper Parts (subject to consents)
- 2,288 sq ft (212.6 sq m)
- High Footfall Pitch on Pedestrianised Street
- ERV Reflects 16% Gross Yield on Guide Price
Description
Arranged across ground, first and second floors the property is currently let to Bennetts Road House Limited on a five year lease expiring 28.03.2026 and paying £20,000 per annum. However the tenant is in liquidation and therefore not on occupation.
We consider the property offers evident asset management potential via surrender of the lease and re-letting with nearby properties let for £25,000 per annum.
Furthermore, the property may also benefit from potential to develop the upper parts to alternative uses, including residential (subject to lease and obtaining any requisite consents).
The property occupies a prominent pitch with a frontage to Carlton Street; the principal, pedestrianised retail street in Castleford. The street is characterised by a mix of local and national tenants including Superdrug, Greggs, and Heron Foods. The Carlton Lanes Shopping Centre is also immedaitely opposite the property.
Brochures
54B Carlton Street, Castleford
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Castleford Station0.2 miles
- Glasshoughton Station1.3 miles
- Pontefract Tanshelf Station2.6 miles
Notes
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