Beaver House, Butcher Row, Beverley, East Riding Of Yorkshire, HU17 0AA
For Sale £1,150,000 (Offers in the region of)
- Size: 520 sq.ft. / 2,407 sq.ft.
- Property Ref: 11685
- Type: Commercial Investment
The property comprises an attractive and versatile mixed-use commercial building of traditional brick construction beneath a pitched concrete tiled roof, incorporating four ground floor retail units, currently occupied by a mix of established occupiers including a bakery, café and estate agency, with one unit operating as a double unit. The property also provides substantial first floor restaurant accommodation together with additional second floor space.
The property benefits from Class E planning use, providing considerable flexibility for a range of occupiers and commercial uses, including retail, café/restaurant, office, leisure and other compatible uses, subject to any necessary planning consents.
Externally, the property benefits from a dedicated rear service and parking area, providing direct access to the ground floor units. There are six private parking spaces available to the property, accessed via a keypad-controlled entrance from the adjoining Marks & Spencer car park. The property is also conveniently positioned close to a public car park directly opposite, providing additional convenient parking for customers, staff and visitors.
Property features
- Mixed Retail & Leisure investment in one of Beverley's principal pedestrianised town-centre locations. Located within the popular Historic Market Town of Beverley.
- Strong surrounding occupier profile, including M&S and a range of established retail and leisure businesses.
- The current passing rent is £97,150 per annum, with two rent reviews due within the first quarter of 2027.
- Potentially revisionary rental of £100,900 by 25th December 2028.
- Reflecting a net initial yield of approximately 8.0% after purchaser's costs at 5.59%, and a projected reversionary yield of approximately 8.31%.
- Designated parking for the tenants located to the rear of the property.
