The Works, 24-25 Market Square, Shipley
Size
2,325
Tenure
Leasehold
EPC
Parking
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- Primary use
- Other
No floor / site plan
Key features
- High Yielding Retail Investment
- Retail Unit and Upper Parts
- Fully Let to the Works
- Tenant Holding Over
- Asset Management Potential Via Renewal
- Adjacent Unit Renewed at £42,000
- 2,325 sq ft (216 sq m)
- Investment Let at £27,500 p.a. (15.71% GIY on Guide Price)
Description
Arranged as a retail unit and upper parts, the property is let to The Works Stores Limited on a lease which expired 22.11.2024 and paying £27,500 per annum.
The tenant is therefore holding over and we consider the property offers asset management potential via renewal of the lease and improvement of rent, with the adjacent unit let to Superdrug recently renewed at £42,000 per annum.
The property occupies a prominent corner pitch fronting the pedestrianised Market Square and forming part of a popular parade. The area is characterised by national retailers including Iceland, Specsavers, Greggs and Superdrug.
- Service charge
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- Business rates
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- Use class
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- Listed building
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- Tenure
- Leasehold
- Length of lease
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
- Environmental description
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Brochure
The Works, 24-25 Market Square, Shipley
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