Offers In Excess Of: £500,000
The property comprises a three storey stone built property providing ground floor retail premises with basement stores and a 12 room guest house occupying the upper levels, in addition to a self-contained ground and lower ground floor apartment. The retail area is leased to a well-established, long term tenant paying £23,920 per annum and offers highly prominent accommodation with extensive retail frontage onto Huddersfield ring road, being positioned a short distance away from the Shorehead Sainsbury's Supermarket and having a large student population nearby.
The remainder of the property provides the guest house referred to as The Mews' which is currently operated by the Marsden family in conjunction with the adjacent Huddersfield Central Lodge. The rooms include 3 triple, 2 single and 7 double/twin bedrooms, all of which are en-suite with the majority having full kitchenette facilities. The rooms continue to be successfully occupied with information on the current room rates being available from the agent upon request. The guest house attracts guests from all over the world, visiting the surrounding areas of West Yorkshire and has benefited from the increasing numbers of overseas students who attend Huddersfield University and Huddersfield Town Football Club's Premier League status.
The property offers an excellent opportunity to acquire an existing guest house, having the benefit of a substantial income stream already generated through the lease of the ground floor and basement premises. The property also lends itself to conversion to alternative residential use including student accommodation due to the proximity to the university and all amenities offered by the town centre.
The property is positioned to the eastern extreme of the town centre within the ring road and having excellent visibility from Southgate, the building is a short walk from Huddersfield Railway Station and is less than a five minute walk from the main entrance to the Kingsgate Shopping Centre.
Huddersfield has a population of circa 160,000 as at the 2011 census and is positioned between Leeds and Manchester with excellent access to both of these cities along the M62 Motorway Network which can be accessed at Junctions 23, 24 and 25 in addition to being accessible from the M1 Motorway Network at Junction 41. Huddersfield is also commutable by railway to Manchester to the west and Leeds to the east along the Transpennine Line.