New Devonshire House, Devonshire Street, Keighley

Description

• Opportunity

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

Excellent location, long terms established tenants

Significant opportunity to increase revenue as more of the property will be available to the open market to lease
Luxury ‘Penthouse’ flat worth £950k

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

• Location

In the heart of Keighley town centre, New Devonshire House is ideally located for all types of office, commercial, healthcare and leisure tenants, ensuring it is always a sought-after location for across many sectors

• Internal Details

This substantial property is over 2,100 square metres

Commercial tenants occupy four of the six floors

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 Commercial development – the ‘Penthouse’ could be converted to office space and leased
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 £3m’

• Financial

The net income for 2022 was £214,014

Forecast income is circa £280,000

Full accounts are available upon request