New Devonshire House, Devonshire Street, Keighley

Description

• Opportunity

New Devonshire House has been fully refurbished to a very high standard

Excellent town centre location with off-street parking

Luxury ‘Penthouse’ flat worth £950k, the other floors require conversion to residential use, subject to a successful planning application.

Current income of £214k gives a yield of over 10%

Opportunity to convert floor by floor whilst retaining an income throughout the project

• Location

In the heart of Keighley town centre, New Devonshire House is ideally located

Surrounded by shops and transport links

• Internal Details

This substantial property is over 2,100 square metres

The whole of the top floor is dedicated to the penthouse flat

The basement offers extensive storage and parking for up to ten vehicles

Please see the attached floorplans for further details

• External Details

Off street parking for eight cars

• Development Opportunity
o The whole property could be converted into flats – with a GDV of £4m

• Tenure

Nationwide Business Sales are delighted to offer ‘New Devonshire House’ to the market at ‘Offers Over £2.75m’

• Financial

The net income for 2022 was £214,014

Forecast income is circa £280,000

Full accounts are available upon request