Townhead Trading Centre, Addingham

Location and Description

Townhead Trading Centre is very prominently located fronting Addingham Main Street close to its junction with Silsden Road (B6160) which gives access to the Addingham Wharfedale A65 by-pass. It is ideally positioned being 3.5 miles from Ilkley, 6 miles from Skipton and 8 miles from Keighley.

The surrounding area is predominantly residential but opposite is the Craven Heifer pub and restaurant. All local facilities in Addingham village are a short walk.

Townhead Trading Centre was a former cotton mill which was redeveloped in the 1970’s and 1980’s to provide 11 industrial units. These are of mixed construction, those within the original building with metal profile roofs incorporating translucent roof lights, with external elevations generally of stone. The 4 more modern units were built in the 1980’s have a single pitch profiled sheet roof and all with sliding/roller shutter doors. Three phase electricity is on-site with Townhead Trading Centre having its own substation.

Externally the estate yard surface is tarmac and providing car parking for all the units (with a useful separate compound currently let in association with unit 3A).

COVENANTS

Townhead Trading Centre is fully let, over the years having enjoyed a very strong letting history and rarely are there any voids as there is very limited stock. The units are let to successful local businesses based in the Wharfe and Aire Valleys.

ASSET MANAGEMENT & DEVELOPMENT POTENTIAL

The site which extends to 1.723 acres approx has redevelopment potential for industrial, residential, care home and a variety of other uses. We recommend all interested parties make their own enquiries of City of Bradford Metropolitan District Council – ww.bradford.gov.uk

Townhead Trading Centre presents a significant Asset Management opportunity to upgrade the buildings and in so doing, increase rents and enhance value, and with some potential long term redevelopment opportunities subject to planning.

Current rents generally range from £6.50 to £9.00 per sq ft.

Price

Offers in the region of £1.7M are invited for the freehold interest, and subject to current occupations, reflects a low capital value of £87psf.

Legal Costs

Each party is to be responsible for their own legal fees incurred in the transaction.

VAT

No VAT payable on purchase price

Tenancies

Annual income £140,756 per annum.

See brochure for full details.

Viewing

By prior appointment through the sole agents Atkinson Associates 01943 666955.