Asking Price: £525,000
The property comprises 3 retail units occupying the ground floor of this two storey stone built commercial property which occupies part of a parade of retail units within the centre of Hebden Bridge. Nearby retailers include Fat Face, Ladbrokes Bookmakers and Reeds Rains estate agents, in addition to a number of local independent retail traders and businesses.
Hebden Bridge is a popular town amongst local consumers in addition to being a tourist attraction generating high numbers of visitors on a daily basis. Being a primary town along the Calder Valley, Hebden Bridge is situated approximately 8 miles from Halifax town centre, having good rail links and good access to areas within Greater Manchester.
Being a tourist area which offers the attraction of walks within the nearby countryside, the town has a number of coffee shops and restaurants and benefits from historically good occupancy levels.
All 3 retail units are leased, currently generating a gross income of £44,000 which, over the term of the leases, is due to increase to £47,000 per annum. This presents an excellent opportunity to acquire retail premises in a popular trading position offering a potential yield of 8.95% based on the asking price.