Retail For Sale
4 Leeds Road, Hipperholme, Halifax

Description

• MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT OPPORTUNITY
• Gross ERV £24,100 per annum
• Ground floor retail premises with 2 residential units above
• Positioned within a prominent main road location in the popular district of Hipperholme offering a rare opportunity to acquire freehold premises in this location
• The title is divided to enable the ground floor to be acquired through a SIPP and residential accommodation above to be acquired through a separate entity.
• EPC Asset Rating_ Retail - D; Flat 2A - B; Flat 2H - C.

The property comprises a stone built inner terrace which provides a ground floor retail unit and 2 independently occupied residential units above. It is held as an income producing investment, however will be sold with vacant possession to the ground floor. The gross ERV is £24,100 per annum. The residential units are occupied under assured shorthold tenancies with the rents being inclusive of utilities. The residential properties generate £14,100 per annum. The retail unit provides good quality ground floor retail accommodation in a popular retail parade and has an estimated rental value of £10,000 per annum. The ownership of the property also includes a car parking space to the rear. The availability of the property provides an excellent opportunity to acquire freehold mixed commercial and residential property in a popular district centre which presents an investor with the opportunity to implement a new lease on the ground floor to a tenant of their choosing.