Former Agriculture House, Walkergate, Beverley, East Yorkshire, HU17 9EP

Offers in region of

£1,200,000

Size

4,522

Tenure

Ask agent

EPC

Ask agent

Parking

Ask agent

Primary use
Other

No floor / site plan

Key features

  • Located on a prominent position on Walkergate.
  • Close proximity to Beverley retail town centre and Tesco Supermarket.
  • The property benefits from established and long-standing occupiers, with Magnet Limited having approximately 9 years remaining and Sonali Spice has recently committed to a new 15-year lease
  • Provides a Net Initial Yield 6.71% after purchase costs of 5.63%. Gross Yield of 7.08%.

Description

The property comprises a substantial two-storey commercial building providing ground and first floor accommodation, with a mixture of retail, leisure and ancillary uses. The ground floor is occupied by Magnet Limited, who have recently entered into a new 10-year lease commencing 17 July 2025, with a passing rent of £43,000 per annum and a rent review scheduled for 17 July 2030. The accommodation is fitted out as a high-quality kitchen display showroom and provides a modern specification including suspended ceilings, LED lighting, separate ladies and gents WC facilities, disabled WC accommodation, together with dedicated office, kitchen and storage areas.

The first floor is occupied by Sonali Spice, an established Indian restaurant operator, who have been trading from the premises for approximately 10 years and have recently committed to a new 15-year lease from 24 June 2026. The lease provides for five-yearly rent reviews and a passing rent of £42,000 per annum. The restaurant accommodation benefits from its own private access from the south elevation, together with access via the main internal stairwell and a disabled platform lift. Internally, the accommodation provides an open-plan restaurant and bar area, separate commercial kitchen, storage facilities and customer WC accommodation.
Additional information
Service charge
Ask agent
Business rates
Ask agent
Use class
Ask agent
Listed building
Ask agent
Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

Ask agent

Environmental data
BREEAM rating
Ask agent
Environmental description
Ask agent
Read more about energy considerations for commercial property

Brochure

Former Agriculture House, Walkergate, Beverley, East Yorkshire, HU17 9EP

NEAREST STATIONS

National Rail

Beverley Station

0.44 miles

National Rail

Arram Station

2.76 miles

National Rail

Cottingham Station

4.44 miles

Your search history

You have no recent searches

Disclaimer - Property reference 1163FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Garness Jones Commercial, Hull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.