£375,000
(£510.20/sq. ft)
Retail premises for saleLeeds Road, Ilkley LS29
735 sq. ft
Just added
About this property
Location
The property is located on the south side of Leeds Road (A65) within 70 metres of its junction with Brook Street.
Occupying a prominent position with full height glazed frontage, the property is well placed to benefit from Ilkley’s extensive range of amenities including retail, restaurants and offices.
Leeds Road is a much sought after location and is now home to a number of successful independent retailers including a bakery, coffee houses, restaurants and landscape designers.
Description
The ground floor retail has been refurbished and is now leased to a fruit and vegetable merchant. There is a large basement suitable for storage.
There are 2 no. 1 bed apartments located on the upper floors. Externally, the property benefits from a small, enclosed yard and there is space for loading / unloading.
Accommodation
The ground and retail floors comprise 530 sq. Ft. (49 sq. M). The basement and storage areas comprise 205 sq. Ft. (19 sq. M).
Total accommodation 735 sq. Ft. (68 sq. M)
The investment
I) Retail Unit: Currently let for a term of 5 years from October 2025 at an initial rent of £12,300 p.a. Rising to £13,200 in year 4. There is a break clause in September 2027 and September 2029.
Ii) Residential: 2 no. 1 bed apartments let to long term tenants (10 years+). Each apartment is let at £500/month giving an annual income of £12,000.
EPC
Retail Unit: Awaiting updated EPC.
Residential: Energy Rating ‘E’. Valid to April 2031.
Rateable value
The property has a rateable value of £10,250.
Legal costs
Each party is responsible for their own legal costs.
Services
We understand that all mains’ services are installed or are available. However, we recommend that prospective occupiers make their own enquiries as to the availability, suitability and capacity of such services.
VAT at the standard rate is applicable.
The property is located on the south side of Leeds Road (A65) within 70 metres of its junction with Brook Street.
Occupying a prominent position with full height glazed frontage, the property is well placed to benefit from Ilkley’s extensive range of amenities including retail, restaurants and offices.
Leeds Road is a much sought after location and is now home to a number of successful independent retailers including a bakery, coffee houses, restaurants and landscape designers.
Description
The ground floor retail has been refurbished and is now leased to a fruit and vegetable merchant. There is a large basement suitable for storage.
There are 2 no. 1 bed apartments located on the upper floors. Externally, the property benefits from a small, enclosed yard and there is space for loading / unloading.
Accommodation
The ground and retail floors comprise 530 sq. Ft. (49 sq. M). The basement and storage areas comprise 205 sq. Ft. (19 sq. M).
Total accommodation 735 sq. Ft. (68 sq. M)
The investment
I) Retail Unit: Currently let for a term of 5 years from October 2025 at an initial rent of £12,300 p.a. Rising to £13,200 in year 4. There is a break clause in September 2027 and September 2029.
Ii) Residential: 2 no. 1 bed apartments let to long term tenants (10 years+). Each apartment is let at £500/month giving an annual income of £12,000.
EPC
Retail Unit: Awaiting updated EPC.
Residential: Energy Rating ‘E’. Valid to April 2031.
Rateable value
The property has a rateable value of £10,250.
Legal costs
Each party is responsible for their own legal costs.
Services
We understand that all mains’ services are installed or are available. However, we recommend that prospective occupiers make their own enquiries as to the availability, suitability and capacity of such services.
VAT at the standard rate is applicable.
Mortgage calculator
Monthly repayment
£1,875 per month
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