House For Sale £325,000
Investment opportunity – Subject to existing tenancies.
Occupying a main road position in the centre of Holmfirth, this mid terraced property comprises of a 2 storey restaurant with a spacious self-contained cottage / flat to the rear and above. The property is offered for sale as a whole and subject to a new 10 year lease with a 4 year break (tenant only) on the commercial element and an assured shorthold tenancy on the living accommodation. The total rental income amounts to circa £23,000 per annum – a healthy 7% yield.
Restaurant accommodation The restaurant is arranged over the 2 ground floors of the property.
Ground floor
entrance hall With solid wooden entrance door, stone flagged floor and lobby with staircase leading to the first floor.
Restaurant / bar 24' 6" x 16' 10" (7.47m x 5.13m) With bay window to the front, stone flagged and quarry tiled flooring, built in bar, inset spotlights to the ceiling and 3 central heating radiators. A trap door gives access down to the cellar.
WC With low flush wc, hand washbasin, quarry tiled floor and central heating radiator.
Kitchen 10' 11" x 9' 9" (3.33m x 2.97m) With two store rooms off and rear entrance door.
Upstairs restaurant 18' 4" x 15' 8" (5.59m x 4.78m) A second dining area with bar area, featuring window seat to the front, quarry tiled floor and central heating radiator.
Laundry / store 7' 8" x 5' 8" (2.34m x 1.73m) With window to the front and plumbing for automatic washing machine.
WC A lobby area leads into the upstairs WC. With low flush wc, hand washbasin, quarry tiled floor and central heating radiator.
Cottage accommodation The cottage is accessed from Upperthong Lane and has its own access door. The kitchen is located at first floor level above the restaurant kitchen.
Kitchen 9' 8" x 11' 11" (2.95m x 3.63m) There is a wooden entrance door from Upperthong Lane at the rear. A step up from the threshold area provides access into the kitchen. This is fitted with a good range of base units and wall cupboards with laminated worksurfaces, integrated oven, 4 ring gas hob with extractor over, exposed stonework to one wall, mullioned windows to the side, laminated flooring, central heating radiator and spindle staircase to the upper floors.
Second floor
half landing A half landing area splits to provide access to the front and rear sections of the building.
Living room / dining 15' 2" x 9' 9" (4.62m x 2.97m) This space is designed to be used as a living room but used by the current tenant as a dining room. It features mullioned windows to the side with a timber lintel over, double doors to the Juliette balcony at the rear, chimney breast with timber fireplace surround and cast iron interior, exposed beams to the high angled ceiling and 2 central heating radiators.
Landing A spacious landing area with spindle staircase up the attic room, velux rooflight over, cupboard housing the central heating boiler and further storage cupboard.
Bedroom / living 16' 8" x 9' 11" (5.08m x 3.02m) Designed for use as a bedroom but used by the current owner as a living room. With 2 windows to the front, exposed timber detailing set into the wall and central heating radiator.
Shower room 5' 6" x 4' 8" (1.68m x 1.42m) Located off the living / bedroom and featuring a three piece suite in white comprising low flush wc, hand washbasin and corner shower cubicle, tiled floor, heated towel rail, extractor and spotlights to the ceiling.
Bathroom 6' 2" x 5' 6" (1.88m x 1.68m) With 3 piece suite in white comprising low flush wc, pedestal wash basin, bath with shower over, heated towel rail, part tiled walls and tiled floor.
Bedroom 2 11' 5" x 8' 8" (3.48m x 2.64m) A double bedroom with window to the rear and central heating radiator.
Third floor
attic room 17' 11" x 11' 9" (5.46m x 3.58m) A large loft space with rooflights to the front and rear angled ceiling.
Tenancies A new subject to a new 10 year lease with a 4 year break (tenant only) will be created for the restaurant simultaneously with the completion of the sale with a rent of £1385 per calendar month / £16,620 per annum. The cottage / flat is currently let on an Assured Shorthold tenancy for £535 per calendar month / £6420 per annum.
Additional informtion The property is Freehold. Shop: Energy rating 77. Cottage: Energy rating 42 (Band E).
Viewing Strictly by appointment with Wm Sykes & Son.
Location From our office, head along Huddersfield Road towards Holmbridge. The property will be found on the right hand side just after Upperthong Lane.
Occupying a main road position in the centre of Holmfirth, this mid terraced property comprises of a 2 storey restaurant with a spacious self-contained cottage / flat to the rear and above. The property is offered for sale as a whole and subject to a new 10 year lease with a 4 year break (tenant only) on the commercial element and an assured shorthold tenancy on the living accommodation. The total rental income amounts to circa £23,000 per annum – a healthy 7% yield.
Restaurant accommodation The restaurant is arranged over the 2 ground floors of the property.
Ground floor
entrance hall With solid wooden entrance door, stone flagged floor and lobby with staircase leading to the first floor.
Restaurant / bar 24' 6" x 16' 10" (7.47m x 5.13m) With bay window to the front, stone flagged and quarry tiled flooring, built in bar, inset spotlights to the ceiling and 3 central heating radiators. A trap door gives access down to the cellar.
WC With low flush wc, hand washbasin, quarry tiled floor and central heating radiator.
Kitchen 10' 11" x 9' 9" (3.33m x 2.97m) With two store rooms off and rear entrance door.
Upstairs restaurant 18' 4" x 15' 8" (5.59m x 4.78m) A second dining area with bar area, featuring window seat to the front, quarry tiled floor and central heating radiator.
Laundry / store 7' 8" x 5' 8" (2.34m x 1.73m) With window to the front and plumbing for automatic washing machine.
WC A lobby area leads into the upstairs WC. With low flush wc, hand washbasin, quarry tiled floor and central heating radiator.
Cottage accommodation The cottage is accessed from Upperthong Lane and has its own access door. The kitchen is located at first floor level above the restaurant kitchen.
Kitchen 9' 8" x 11' 11" (2.95m x 3.63m) There is a wooden entrance door from Upperthong Lane at the rear. A step up from the threshold area provides access into the kitchen. This is fitted with a good range of base units and wall cupboards with laminated worksurfaces, integrated oven, 4 ring gas hob with extractor over, exposed stonework to one wall, mullioned windows to the side, laminated flooring, central heating radiator and spindle staircase to the upper floors.
Second floor
half landing A half landing area splits to provide access to the front and rear sections of the building.
Living room / dining 15' 2" x 9' 9" (4.62m x 2.97m) This space is designed to be used as a living room but used by the current tenant as a dining room. It features mullioned windows to the side with a timber lintel over, double doors to the Juliette balcony at the rear, chimney breast with timber fireplace surround and cast iron interior, exposed beams to the high angled ceiling and 2 central heating radiators.
Landing A spacious landing area with spindle staircase up the attic room, velux rooflight over, cupboard housing the central heating boiler and further storage cupboard.
Bedroom / living 16' 8" x 9' 11" (5.08m x 3.02m) Designed for use as a bedroom but used by the current owner as a living room. With 2 windows to the front, exposed timber detailing set into the wall and central heating radiator.
Shower room 5' 6" x 4' 8" (1.68m x 1.42m) Located off the living / bedroom and featuring a three piece suite in white comprising low flush wc, hand washbasin and corner shower cubicle, tiled floor, heated towel rail, extractor and spotlights to the ceiling.
Bathroom 6' 2" x 5' 6" (1.88m x 1.68m) With 3 piece suite in white comprising low flush wc, pedestal wash basin, bath with shower over, heated towel rail, part tiled walls and tiled floor.
Bedroom 2 11' 5" x 8' 8" (3.48m x 2.64m) A double bedroom with window to the rear and central heating radiator.
Third floor
attic room 17' 11" x 11' 9" (5.46m x 3.58m) A large loft space with rooflights to the front and rear angled ceiling.
Tenancies A new subject to a new 10 year lease with a 4 year break (tenant only) will be created for the restaurant simultaneously with the completion of the sale with a rent of £1385 per calendar month / £16,620 per annum. The cottage / flat is currently let on an Assured Shorthold tenancy for £535 per calendar month / £6420 per annum.
Additional informtion The property is Freehold. Shop: Energy rating 77. Cottage: Energy rating 42 (Band E).
Viewing Strictly by appointment with Wm Sykes & Son.
Location From our office, head along Huddersfield Road towards Holmbridge. The property will be found on the right hand side just after Upperthong Lane.
