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Carlton Chambers 1-7 King Cross St

2,410 SF 100% Leased Retail Building Halifax HX1 2SH £465,000 (£193/SF) 10.10% Net Initial Yield

Investment Highlights

  • Generating Annual Income of £46,960
  • Apartments finished to a good standard with modern fixtures & fittings
  • Substantial, attractive building providing 2 ground floor retail units & 4 two bedroom flats
  • Positioned on the edge of Halifax town centre
  • All EPC Asset Ratings Band C

Executive Summary

The property comprises a detached three storey stone built property with ashlar stone face positioned on the edge of Halifax town centre and is constructed under a pitched and hipped slate covered roof with a three storey extension to the rear. The property is fully occupied and provides 2 ground floor retail units occupied by a baby scanning clinic and Chinese massage therapists. The commercial element of the property generates £16,000 per annum. To the upper floors are 4 self-contained two bedroom apartments which are all tenanted under Assured Shorthold Tenancies and generate an income of £30,960 per annum. The apartments are finished to a good standard with modern fixtures & fittings, have PVCu double glazed windows and gas fired central heating system. The property presents an excellent opportunity to acquire a mixed commercial and residential investment which is fully tenanted and well located close to all amenities provided by the town centre.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,410 SF
Building Class
B
Year Built
1865
Price
£465,000
Price Per SF
£193
Net Initial Yield
10.10%
NOI
£46,978
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Parking
2.95 Spaces per 1,000 SF Leased
Frontage
57 ft on King Cross Street

Amenities

  • Security System
  • Accent Lighting

Nearby Major Retailers

ASDA
Santander
Barclays
Lloyds Bank
Caffe Nero
Tesco Superstore
Heron Foods
Iceland
Pure Gym
Nando's
  • Listing ID: 31202362

  • Date on Market: 13/03/2024

  • Last Updated:

  • Address: 1-7 King Cross St, Halifax HX1 2SH

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