Retail premises for sale

East Parade, Keighley BD21

Location

The property is situated fronting onto East Parade, which also forms part of the A6035, and is one of the major arterial routes through Keighley Town Centre. The property is directly opposite a new development which has recently been undertaken to provide a larger and extended Aldi store, together with a series of new retail units nearby on Worth Way are both Keighley Market and a substantial Morrisons Superstore. The property forms part of a parade which also includes Chicken Charcoal, Flawless Hair & Beauty, Jade Garden Take-Away, Junoon Café, Eurocut Barbers, Shimlas Express, Mahmoods and Marco Polo Desserts etc. On-street car parking is available to the front of the property.
Description

The property comprises a ground floor Italian restaurant currently let and operating as Amici Restaurante, together with rear kitchen and preparation facilities, basement storage, toilets etc. Above this with access from the side archway, is a one-bedroom flat with large living kitchen dining area etc., currently let on an AST and, a second floor two-bedroom flat (one of the bedrooms not included in the letting) let on an AST. The property is producing a gross rental income of £28,500 pa
Accommodation

According to our measurements taken on site, the property offers the following internal floor areas:-
Ground Floor
Restaurant 82.13 sq. M. (884 sq. Ft.)
Kitchen 20.44 sq. M. (220 sq. Ft.)
Prep etc. 5.48 sq. M. (59 sq. Ft.)

Basement
Store, Toilets etc. 111.67 sq. M. (1,202 sq. Ft.)

First Floor - Large One-Bedroom Living Accommodation

Second Floor - Large Two-Bedroom Living Accommodation (part not let)

External - Rear smoking shelter and access to rear loading area.
Services

The property benefits from the provision of mains electric, water, gas and drainage.
Please Note: None of these services have been tested and prospective tenants are advised to satisfy themselves as to their condition and type.
Outgoings

We understand the property to be assessed for Uniform Business Rates as follows:-

Description: Restaurant and Premises
Rateable Value: £14,750
The Uniform Business Rate for 2026/2027 is 38.2 pence in the £ (small rhl) and 43.2 pence (small non-rhl)

Due to transitional relief provisions, the rates payable may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority as to the current rates liability.

The residential elements are assessed under Council Tax Band A.
Tenancies/leases

The tenant of the restaurant is holding over on the terms of a now expired lease, at a passing rental of £13,800 pa, but is likely to agree a new lease at £18,000 pa

The flats are let on AST’s, at passing rents of £550, and £450 pcm
Price

£365,000 Subject to Contract, subject to restaurant lease, and AST’s
Legal costs

Each party to be responsible for their own legal costs incurred in the transaction
Energy performance certificate

The Energy Performance Certificate (EPC) rating for the commercial element of the property is C – 64

The 2nd floor residential flat element has an EPC rating of E – 43

An EPC for the 1st floor residential is being commissioned.
VAT

The property is not subject to VAT, which will not be charged on the sale price
Anti-money laundering

In accordance with Anti-Money Laundering Regulations, two
forms of id and confirmation of the source of funding will be
required from the successful purchaser.