48 The Grove, Ilkley, Bradford

LOCATION

Ilkley is an affluent commuter town with a population of 15,000. Situated on the edge of the famous Ilkley Moor, it is a very popular tourist destination with a total annual footfall of over 400,000.

The commercial centre of Leeds is only 15 miles and there are half hourly train services serving Leeds and Bradford both being within 30 minutes. Skipton is only 20 minutes drive and regarded as the Gateway to the Yorkshire Dales. The M1/A1 and M62 are within a 40-minute drive giving motorway access to the north/north east of England.

Ilkley has numerous bars, restaurants and cafés many of which are independent, together with Piccolinos and the Box Tree restaurant. The Grove represents the town’s premier retail street, with the renowned Betty’s Café Tea Rooms nearby.


DESCRIPTION

The property is an attractive mid-terrace Victorian built property of stone construction underneath a pitched slate roof providing accommodation on five floor levels and prominently positioned on The Grove.

The lower ground floor which has access from Back Cunliffe Road and ground floors are let to national charity Scope, with three floors of offices above.

The offices are well-appointed with bay windows having stunning views overlooking Ilkley Moor. Wholly refurbished and refitted 5 years ago the offices are largely open-plan heated by way of electric radiators and which have LED lighting.

A shared kitchen and WC’s are situated on half floor landings.


FLOOR AREAS

Total 2,685 Sq Ft

See brochure for detailed information.


TENANCY SCHEDULE

Current rental income £47,500 per annum.

See brochure for full breakdown.


COVENANTS

Scope is a UK registered national charity for the disabled. In 2024/25 they raised £44 million. A copy of their annual report for the year ending 31st March 2025 is available on

Heathpark London Ltd (company registered no.0850 3089) are a construction consultancy business with a low risk credit safe score of 56.

OMM Ltd (company registered no. 0330 9881) are involved with the sale of outdoor equipment and clothing. They have a low-risk credit safe score of 66.


PRICING

We are instructed to seek offers in the region of £695,000.

This represents a net initial yield of 6.5% with a reversionary yield of 7.1% allowing for purchaser’s costs of 5.3%.


VAT

The property has not been elected for VAT.


TENURE

The property is held in Freehold.


ANTI-MONEY LAUNDERING (AML)

In accordance with anti-money laundering, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.


LEGAL COSTS

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


VIEWING

For further information or to arrange a viewing, please contact the joint agents:

Atkinson Associates -Alastair McDowell

Sanderson Weatherall - Richard Thornton