Lot 59A
    Commercial Property
    38 & 40 Market Square
    Shipley, West Yorkshire, BD18 3QB
    £275,000+
    Guide Price (plus fees)
    Number 1
    A Mid Terrace Commercial Building Arranged to Provide Two Ground Floor Retail Units and First Floor Ancillary Space Fully Let Producing £43,000 Per Annum
    To be offered on 7th October 2026

    Description

    The property comprises a mid terrace commercial building arranged to provide two ground floor retail units and first floor ancillary space.

    Tenure

    Leasehold. The property is held on a 199 year lease from 1st April 1956 (thus approximately 128 years unexpired).

    Location

    The property is situated in Shipley City Centre close to local shops and amenities. Nearby multiples include Greggs, Asda and HSBC. The open spaces of Northcliffe Park are within easy reach. Transport links are provided by Shipley rail station.

    Accommodation

    38 Market Square
    Ground Floor
    Retail Unit
    G.I.A Approx 42 sq m

    40 Market Square
    Ground Floor
    Retail Unit
    G.I.A Approx 97 sq m

    First Floor
    Ancillary Space
    G.I.A Approx 146 sq m

    Tenancy

    38 Market Square is subject to a lease for a terms of 5 years commencing 15th October 2025 at a rent of £13,500 per annum.

    40 Market Square is subject to a lease for a term of 10 years commencing 3rd October 2016 at a rent of £29,500 per annum.

    EPC Rating

    B

    Financial Tools

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    Gross yield

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    Net yield

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    Annual income

    £0

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    Purchase Price£275,000
    Monthly Rent£0
    Annual Costs£0

    For illustration only. Seek independent financial advice before making decisions.

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    Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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