
New Devonshire House, Devonshire Street, West Yorkshire
Property Summary
Sensational opportunity to purchase this large property which generates incredibly high profit and yield
Development options, over 2,100 sq/m
Full Details
• 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