Brook Street, Ilkley, West Yorkshire, LS29

• Fully let retail Investment
• Ilkley Town Centre Location
• Rare Central Ilkley Freehold Opportunity
• Headline Yield c9.37%
• Total Headline Rent £111,900pa After Stepped Increases•

Location
Ilkley is an attractive and affluent spa town in West Yorkshire, situated approximately 12 miles north of Bradford and 17 miles northwest of Leeds. The town benefits from excellent rail connections to Leeds and Bradford, with onward links to London King’s Cross, and lies within easy reach of Leeds Bradford International Airport. Recently recognised in the Sunday Times Best Places to Live guide as the best place to live in the north, Ilkley offers a vibrant retail centre, strong local economy and affluent catchment. The resident population is c15,000 but the town attracts many more tourists and day trippers due to its attractive town centre and proximity to the Yorkshire Dales National Park. The subject property is situated between Brook Street and Leeds Road, two of the main shopping streets in the town.

Description
The property comprises an attractive courtyard development of traditional stone-built buildings providing a mix of six retail units, a two-storey restaurant and a first-floor unit currently occupied by a local chess club. The accommodation is arranged around a central parking area and features timber and glazed shopfronts beneath pitched slate roofs, creating a characterful setting that complements Ilkley’s established townscape. The courtyard provides a pleasant trading environment with shared access and parking, offering excellent prominence and footfall from nearby retail and leisure occupiers. The property presents a rare opportunity to acquire a well-let freehold investment in one of Yorkshire’s most sought-after market towns.

Ratable Value
See Particulars

TENURE
Freehold (WYK159763)

LISTING
Unit 2 and 3 of the property are Grade II listed Listing number: 1199672

Tenancy Schedule
See Particulars

VAT
The property is elected for VAT and VAT will be applicable on the sale price. We anticipate this be dealt with by way of a TOGC.

Legal Costs
Each party is to be responsible for their own legal costs.

Investment Sale
Offers in the region of £1,150,000 are invited for the freehold. This represents a Headline Yield of 9.37% with standard purchasers’ costs of 6%. This reflects a net initial yield (prior to stepped rent increases) of c6.64%.

Contact
Hedley Steel [email protected] 01133863100 / 07522676995