About this property

• Fully let retail Investment • Ilkley Town Centre Location • Rare Central Ilkley Freehold Opportunity • Headline Yield c9.37% • Total Headline Rent £111,900pa After Stepped Increases•

Location
Ilkley is an attractive and affluent spa town in West Yorkshire,
situated approximately 12 miles north of Bradford and 17 miles
northwest of Leeds. The town benefits from excellent rail
connections to Leeds and Bradford, with onward links to
London King’s Cross, and lies within easy reach of Leeds
Bradford International Airport. Recently recognised in the
Sunday Times Best Places to Live guide as the best place to live
in the north, Ilkley offers a vibrant retail centre, strong local
economy and affluent catchment. The resident population is
c15,000 but the town attracts many more tourists and day
trippers due to its attractive town centre and proximity to the
Yorkshire Dales National Park.
The subject property is situated between Brook Street and
Leeds Road, two of the main shopping streets in the town.

Description
The property comprises an attractive courtyard development of
traditional stone-built buildings providing a mix of six retail units,
a two-storey restaurant and a first-floor unit currently occupied
by a local chess club. The accommodation is arranged around a
central parking area and features timber and glazed shopfronts
beneath pitched slate roofs, creating a characterful setting that
complements Ilkley’s established townscape. The courtyard
provides a pleasant trading environment with shared access and
parking, offering excellent prominence and footfall from nearby
retail and leisure occupiers. The property presents a rare
opportunity to acquire a well-let freehold investment in one of
Yorkshire’s most sought-after market towns.

Ratable Value
See Particulars

TENURE
Freehold (WYK159763)

LISTING
Unit 2 and 3 of the property are Grade II listed Listing number:
1199672

Tenancy Schedule
See Particulars

VAT
The property is elected for VAT and VAT will be applicable on the sale price.
We anticipate this be dealt with by way of a TOGC.

Legal Costs
Each party is to be responsible for their own legal costs.

Investment Sale
Offers in the region of £1,150,000 are invited for the freehold.
This represents a Headline Yield of 9.37% with standard
purchasers’ costs of 6%. This reflects a net initial yield (prior to stepped
rent increases) of c6.64%.

Contact
Hedley Steel
hks@dacres.co.uk
01133863100 / 07522676995