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High Yielding Mixed Use Investment, 39 & 41 Boothroyd Lane, Dewsbury, WF13 2RB

not specified / Retail / Investment

For Sale - £750,000.00

Available - Last updated: 19 November 2024

39 and 41 Boothroyd Lane comprises a stone built two-storey property with hipped slate covered roofs together with an adjoining new build two storey premises with painted rendered walls fronting Boothroyd Lane.

The new building has a ground floor shop/retail unit and two first floor 1-bedroom apartments. The original building has been let for many years with 7 one bedrooms on the ground floor and 8 one beds on the first floor. Each floor has a communal kitchen, toilet and showers. Each room in the original building has ‘pay as you go’ submeters with payments to the landlord (10 of the occupants of the original building are long term residents).

Location

The property is on the northern side of Boothroyd Lane at its junction with Tweedale Street. Boothroyd Lane is directly accessed off Huddersfield Road (A644) and is immediately to the west of Dewsbury town centre within walking distance of Dewsbury railway station.

Accommodation

39 Boothroyd Lane

Flat 1 - £600 - Monthly Rent -  £7,200 Annual Rent - New letting
Flat 2 - £550 - Monthly Rent -  £6,600 Annual Rent - New letting
Shop - Proposed £750 - Monthly Rent - Proposed £9,000 Annual Rent - New letting

41 Boothroyd Lane (HMO)

Room 1 - £350 - Monthly Rent -  £4,200 - Annual Rent - New letting
Room 2 - £350 - Monthly Rent -  £4,200 - Annual Rent - Long term occupant
Room 3 - £350 - Monthly Rent -  £4,200 - Annual Rent - Long term occupant
Room 4 - - Used as storage
Room 5 - £350 - Monthly Rent -  £4,200 - Annual Rent - Long term occupant
Room 6 - £350  - Monthly Rent - £4,200 - Annual Rent - Long term occupant
Room 7 - £350 - Monthly Rent - £4,200 - Annual Rent - Long term occupant
Room 8 - £350 - Monthly Rent - £4,200 - Annual Rent - Long term occupant
Room 9 - £350 - Monthly Rent - £4,200 - Annual Rent - Long term occupant
Room 10 - £350 - Monthly Rent - £4,200 - Annual Rent
Room 11 - £350 - Monthly Rent - £4,200 - Annual Rent - Long term occupant
Room 12 - £325 - Monthly Rent - £3,900 - Annual Rent - Long term occupant
Room 13 - £325 - Monthly Rent - £3,900 - Annual Rent
Room 14 - £350 - Monthly Rent - £4,200 - Annual Rent - Long term occupant
Room 15 - £350 - Monthly Rent - £4,200 - Annual Rent
TOTAL - £5,175 - Monthly Rent - £58,200 - Annual Rent

In addition there is basement storage space (beneath 41 Boothroyd Lane).

Current Gross Income £76,800 per annum exclusive
Potential Gross Income £85,800 per annum exclusive

Terms

Services - We are advised the premises benefit from mains sewer drainage, gas and electricity. The HMO’s have been sub-metered. We are advised there are two gas fired boilers heating the ground floor and first floor of 41 Boothroyd Lane. However, no tests have been carried out on any of the services or appliances and therefore we are unable to comment as to their condition or capacity. Electrical reports, gas reports, fire alarm reports etc can be provided upon request.

Energy Performance Certificates (EPC’s) - EPC’s are available upon request.

Price - Seeking offers in the region of £750,000.

VAT - All rents and prices quoted are exclusive of VAT (where applicable).

Anti-Money Laundering Regulations - In accordance with the Anti-Money Laundering Regulations evidence of identity and a source of funding will be required from the successful offeree prior to instructing solicitors.

Specification

  • Predominantly let mixed use premises with potential gross income up to £85,800 per annum exclusive
  • Conveniently located only a short distance from Dewsbury town centre and Dewsbury railway station
  • Part existing part new build including ground floor shop, two new 1 bed apartments and 14 one bed HMO’s

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in the region of For Sale Freehold £750,000.00 NA

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Contact agents

Richard Barker

Michael Steel & Co

0113 347 0796

Alec Michael

Michael Steel & Co

0113 347 0365

Ben Preston

Michael Steel & Co

0113 347 0711

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