58 North Street, Keighley, BD21 3RY

The property comprises a high yielding investment opportunity forming part of a popular local parade with asset management potential. Arranged as a ground floor retail unit with upper parts. The property is let to a long standing tenant of 30+ years trading as a flower shop. The lease has expired and the tenant is holding over, continuing to pay the passing rent of £5,800 per annum. We consider the property offers evident asset management potential via renewal of the lease and improvement of rents, with nearby units paying £8,000-£10,000 per annum. The property occupies a prominent pitch and forms parts of a popular local parade fronting North Street, a busy arterial route benefitting from high footfall. The property is immediately to the north of the Town Centre and the area is characterised by a mix of local and national retailers as well as some residential and office accommodation. Nearby occupiers include JD Wetherspoons, a Post Office, CEX, and Keighley Library