Summary - 21, TOWN HALL STREET HX6 2EA
1 bed 1 bath Commercial Property
Ready-made income with scope for future rental uplift and asset management.
- Fully let mixed-use freehold producing £39,800 pa gross rental income
- Initial yield approximately 8.37% on asking price
- Ground-floor commercial unit on a formal 10-year lease to a regional covenant
- Five residential units (four flats + cottage), all let on ASTs
- Stone-built Victorian block with high ceilings and prominent frontage
- No private gardens; limited external amenity and town-centre footprint
- Medium flood risk and high local crime/deprivation indicators
- Short commercial lease term may limit mortgage lending options
A three-storey stone-built block in Sowerby Bridge town centre, offered fully let with a ground-floor commercial unit and five residential units above and to the rear. The building produces a gross rental income of £39,800 per year, giving an initial yield around 8.37% at the asking price, with scope for rental growth in the local market.
The commercial unit is let to a regional covenant on a formal 10-year lease, and the upper floors comprise four modernised one-bedroom flats plus a small cottage, all let on assured shorthold tenancies. The apartments are finished to a satisfactory standard and the property benefits from prominent street frontage and high ceiling, stone-built accommodation typical of the period.
Key investment considerations include limited external amenity space, medium flood risk in this location, and higher local crime and deprivation indicators which can affect tenant demand and insurance/costs. Crucially, the commercial lease has 10 years remaining — while this secures income, some mortgage lenders refuse loans on properties with short commercial lease terms, so buyer finance should be checked in advance.
Overall this is a straightforward, income-producing mixed-use freehold for an investor seeking near-term cashflow and potential longer-term reversion or uplift from the residential flats. It suits a buyer able to manage a town-centre asset and comfortable with the local market characteristics and financing considerations.
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