Property description
Substantial Freehold commercial investment with 2600 sq ft over 3 floors - Comprises 2 ground floor retail units plus 1st & 2nd floor accommodation - Retail units currently tenanted achieving £17K per annum - Potential to convert 1st & 2nd floor to residential subject to planning - CALL FSL TO VIEW
PROPERTY PARTICULARS
Substantial commercial property with approximately 2600 sq ft floor space over 3 floors. The property is currently sub-divided into 2 self contained ground floor retail units together with spacious 1st and 2nd floor office accommodation which can be accessed separately. The ground floor retail units are currently both tenanted, one to a bakers and one to a hair dressers, both of which are signed to a 3 year tenancy from October 2014 and are achieving a combined rental income of around £17K per annum. The first and second floors are currently vacant however they are in a presentable state to rent as they are or any potential investor may choose to convert to residential use, subject to obtaining the necessary planning consents.
LOCATION
The property is located at the intersection of Commercial Street and Jessop Street in the centre of Castleford, directly opposite the entrance into Castleford Market Hall. The side of the property has unrestricted road access, whereas the front faces onto a pedestrianised section which offers a good opportunity for passing trade. Castleford itself is a thriving market town which has seen a steady growth of investment and development and has excellent transport links via the M62, M1 and A1M motorways.
6 COMMERCIAL STREET
Self contained ground floor retail unit which is currently tenanted by a busy hair dressing business and comprises a main salon area, separate wash room, together with toilet, kitchen and store room. The property is well presented throughout with modern fixtures and fittings and includes a UPVC shop front with roller security shutter.
6A COMMERCIAL STREET
Comprises the first and second floors of the property which are currently vacant. 6A is currently classified for business use however any potential purchaser may consider conversion to residential. The floors can be accessed from 2 separate doorways at both the front and side of the property and the current layout could easily be altered to allow each floor to have its own private access. Currently the first floor has 3 large rooms together with a modern kitchen and toilet. The second floor has 2 large rooms, one of which has a high vaulted ceiling together with a modern kitchen and toilet.
8 COMMERCIAL STREET
Self contained ground floor retail unit which is currently tenanted by successful local bakery business and comprises a main retail area, separate kitchen and prep area, together with toilet and store. The property includes a UPVC shop front with roller security shutter.
SIZE
Approximately 2600 sq ft (240 sq m) over 3 floors.
TENURE
Freehold.
RATEABLE VALUE
6 Commercial Street has a rateable value of £3,800. 6A Commercial Street has a rateable value of £2,900. 8 Commercial Street has a rateable value of £3,950.
VIEWINGS
For further information and to arrange a viewing contact FSL Estate Agents on 01924 365250. Note that viewings are strictly by prior appointment.
IMPORTANT INFORMATION
These particulars are intended only as general guidance. The Company therefore gives notice that none of the material issued or visual depictions of any kind made on behalf of the Company can be relied upon as accurately describing any of the Specified Matters prescribed by any Order made under the Property Misdescriptions Act 1991. Nor do they constitute a contract, part of a contract or a warranty.
Property Features :
- Substantial commercial investment
- Approximately 2600 sq ft over 3 floors
- Comprises 2 ground floor retail shop units
- Plus 1st & 2nd floor accommodation
- Retail units tenanted / Upper floors vacant
Property Info: