Railway House, Station Street, Meltham, Holmfirth, Investment

Description

OFFICE INVESTMENT OPPORTUNITY
•Passing Rent £25,702 per annum
•Initial Gross Yield 10.3%
Multi-occupied office investment.
Potential for rental growth through letting of attic office.
Well positioned within the Holme Valley in the popular village of Meltham.
EPC Asset Rating D

The property comprises a two storey stone built office building which is divided to provide a range of independently occupied offices to the ground and first floor. The property is currently let to multiple tenants generating a gross annual income of £25,702 per annum, with the potential for rental growth through the letting of the attic rooms and renegotiation of rents with existing occupiers. The property provides an overall net internal floor area of 294.53m² (3,170ft²) including basement and attic areas, with a tenanted area extending to 150.13m² (1,616ft²). The property has mains water, electricity, gas and sewer drainage and is finished to a satisfactory standard for private office lettings of this nature.