
New Devonshire House, Devonshire Street, West Yorkshire
Property Summary
Sensational opportunity to purchase this large property which to be converted in to a residential block of flats
Development options, over 2,100 sq/m
Full Details
• 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