May 2025 Business Index

65

Freehold

Asking Price £525,000

590275

DEVELOPMENT OPPORTUNITY (FREEHOLD MILL COMPLEX) in Huddersfield for Sale. This delightful mill complex with its charm and character offers conversion potential to superb apartments and penthouse suite or potential for town houses - subject to any necessary planning consents. The premises stand in approximately 0.3 acres and occupy a delightful up-market area in Huddersfield which is conveniently placed for Huddersfield town centre, just two miles away and 4.5 miles from Junction 24 of the M62. This is probably the only development opportunity in the village of Almondbury, suitable either for residential, commercial or industrial use (subject to any necessary consents). THE PREMISES From the entrance, to the left hand side, is a large, modern, steel framed commercial building (13.5m x 8.9m) with roller shutter door access. To the right hand side from the entrance leads to a corrugated steel ‘lean - to’ style building (5.7m to 4.6m at maximum measurements). Further ‘lean to’ style building (12.6m x 4.7m) adjacent which leads through to the ground floor of the stone built mill (20m x 9.5m at maximum measurements). First floor measures 11.3m x 5.4m. At the time of our latest inspection, the second and third floor was inaccessible but we are informed that the measurements are identical. Externally - Land and car park. All dimensions indicated are approximate. FREEHOLD INVESTMENT PROPERTY in Pateley Bridge for Sale. A truly outstanding opportunity for property investors looking to acquire a substantial property trading as a stunning tea rooms and seven letting bedroom bed and breakfast. The property also offers an owners en-suite bedroom. The concern is situated in the much sought after area of Pateley Bridge which attracts thousands of visitors, tourists, walkers and cyclists to the area. The property has an annual rental return of £25,000 and is held on a 10 year lease from 2022. Reception leading to the tea room and servery with its lovely display of cakes and coffee station. Second tea room which is again tastefully furnished. Well fitted commercial kitchen, further kitchen / preparation room. Toilet and wash hand basin. Owners en-suite bedroom with shower, toilet and wash hand basin. First floor there are four en-suite bedrooms. Second floor there are three letting bedrooms which are again all en-suite. Three of the rooms can be double or twins. Linen cupboard, store. The premises enjoy the benefit of a gas central heating system. To the rear of the premises is a very large paved tea garden that can easily seat up to 50 people comfortably. EPC Band D. INVESTMENT PROPERTY in Easingwold for Sale. Rarely do such prestigious properties reach the open market and we strongly advise registering an early interest. The property occupies a premier position amongst all the towns retailers and hospitality businesses with easy parking. The premises are let with the tenant trading as a cafe bistro with a good reputation amongst locals and visitors. The lease is for a term of seven years from 2017 at a passing rent of £24,500 per annum. This is a substantial two storey building extending to over 3,500 sq ft and full of character. The frontage is ornate and eye catching leading into an open plan coffee shop with servery off set to the right. Commercial kitchen, separate dining area, large store to the rear and private courtyard. The property has two separate first floor sections, one with a private dining / function suite and the second currently storage. Strip of land to the rear. AN EXCELLENT OPPORTUNITY TO ACQUIRE SUCH A SIGNIFICANT BUILDING. EPC Band B. INCOME PRODUCING HMO LETTINGS AND SHOP LET in East Yorkshire for Sale. A row of three terraces recently converted into three modern flats, accommodating a total of eight letting rooms, each with an en-suite bathroom. There is also a ground floor retail unit currently leased to a bridal shop. The property is fully occupied and produces a combined annual rental income of £60,780. Located close to Goole Docks and just steps from the River Ouse embankment and its abundant wildlife. Very close proximity to the port and surrounding industry, employing thousands of workers, there is a very high demand for letting rooms. The occupancy has been at 100% and remains very steady. Each flat has a modern communal kitchen and laundry facility. Centrally heated throughout. The building is in exceptional condition both internally and externally. Currently the annual yield is 11% but we feel there is room for a realistically achievable uplift in the rents being paid, which we believe would raise the annual yield to 12.5% on capital invested. Asking Price £550,000 585291 Asking Price £699,950 586795 Property £550,000 591006 INVESTMENT PROPERTY (STARBUCKS DRIVE-THRU) in Hampshire for Sale. DESCRIPTION - The property comprises an existing single storey Starbucks coffee shop that has recently been converted into a drive-thru store and undergone extensive refurbishment works and new fit out internally. The gross internal floor area of the property is approximately 2,799 sq ft and the site area is 0.64 acres (0.26 hectares) and includes 20 car parking spaces. There is potential for four EV charging bays to be created. The building comfortably seat 120 customers including external areas. LOCATION - Liphook is located 4.1 miles west of Haslemere, bypassed by the major A3 road, and lies on the Hampshire / West Sussex / Surrey borders. The A3 is the main arterial road connecting London and Portsmouth, passing close to Kingston upon Thames, Guildford, Haslemere and Petersfield. Liphook Service Station is located on the Northbound side of the A3. The annual average daily flow recorded just over 31,600 vehicles a day passing through this location (according to the Department for Transport, 2022). TENANT COVENANT - 23.5 Degrees Limited was Starbucks' original and first UK franchised business partner. Liphook was their first store which opened in February 2013, they now have 100 stores (59 which are Drive-Thru) across the UK with an additional 25 in the pipeline. 23.5 Degrees Limited is backed by private equity investors, Connection Capital, who have invested just under £10 million into the franchise over the last 10 years to support their successful ongoing growth and strategic roll-out plan. TENURE - The Freehold boundary is edged green and red on the plan, 1.09 acres in total. The Starbucks lease demise is edged green. LEASE - Effective full repairing and insuring lease to 23.5 Degrees Limited (Company Number 8014079) from 15th July 2022 for a term of 15 years, at a rent of £75,000 per annum exclusive, reflecting £26.80 per square foot. The lease is subject to upward only index linked rent reviews at the end of years 5 and 10, by reference to CPI with a cap and collar. The lease includes the Security of Tenure provisions of the Landlord and Tenant Act 1954. A copy of the lease is available on request. ADDITIONAL INCOME - There is potential to create a number of electric car charging points. These bays would be excluded from the Starbucks leasehold interest. The current vendor has a proposal (subject to contract) for up to 20 charging bays from Osprey Charging Network Ltd at a rent of £3,000 per charger based in a 25 year lease with a tenant break option of the 15th anniversary and with annual CPI rent reviews with a cap of 3% and a collar of 1%. Osprey would be prepared to obtain the necessary planning consents is applying for the power and will also carry out all the charger and power installation works at their cost. Alternatively, there is an opportunity to add an extra unit on the un-demised land, subject to planning and all the necessary consents being obtained. EPC Band A Property, Offers Over £1,400,000 (Exclusive of VAT) 590493

Freehold

Freehold

Freehold

Freehold