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20-21 Market Square, Shipley

Guide price

£240,000

Auction

Size

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Tenure

Leasehold

EPC

Parking

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Primary use
Other

No floor / site plan

Key features

  • High Yielding Retail Investment
  • Two Retail Units and Upper Parts
  • Fully Let to Two Tenants
  • Marie Curie - Five Year Lease Expiring 24.10.2028
  • Sequence (UK) - 10 Year Lease Expiring 31.09.2026
  • Sequence Have Expressed Willingness to Renew
  • Asset Management Potential
  • Prominent Corner Pitch
  • Investment Let at £40,300 p.a. (16.8% GIY on Guide Price)

Description

The property comprises a high yielding, multi-let, retail investment opportunity occupying a prominent pitch on a popular pedestrianised parade.

Arranged as two retail units and upper parts, the property is fully let to two tenants producing a combined rent of £40,300 per annum.

20 Market Square is let to Marie Curie Cancer Care on a five year lease expiring 24.10.2028 and paying £20,000 per annum.

21 Market Square is let to Sequence (UK) Limited t/a William H Brown on a 10 year lease expiring 31.09.2026 and paying £20,300 per annum. We understand the tenant has engaged regarding a lease renewal and therefore we consider the property may benefit from asset management potential.

The property occupies a prominent corner pitch fronting the pedestrianised Well Croft and Market Square, forming part of a popular parade. The area is characterised by national retailers including Iceland, Specsavers, Greggs and HSBC.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Leasehold: Ask agent
Tenure
Leasehold
Length of lease
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Energy performance certificate: A

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

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

Brochure

20-21 Market Square, Shipley

NEAREST STATIONS

National Rail

Shipley Station

0.13 miles

National Rail

Saltaire Station

0.66 miles

National Rail

Frizinghall Station

0.99 miles

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Disclaimer - Property reference 30855F4C-7E02-44CD-A0CF-F084801FB9AF. 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 Savills National , Savills Auctions- Commercial. 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.