4 Sheep St 3,327 SF Retail Building Skipton BD23 1JH $1,673,921 CAD ($503.13 CAD/SF) 6.57% Cap Rate

• 100% Prime retail pitch within the town.
• Well configured retail unit.
• Tenant Break not exercised.
• Attractive Market Town & gateway to the Yorkshire Dales.
• Regularly voted in the UK’s best destinations to live.
• Value Add with upper floor residential not currently used.
We are instructed to seek offers in excess of £900,000 which reflects a net initial yield of 6.57% after purchaser’s costs of 5.63%.
The property consists of a traditional Yorkshire stone mid-terraced retail premises under a pitched slate roof. The ground floor has a traditional retail frontage. The property has been extended to the rear providing a large retail unit with ancillary storage and staff areas under a flat felt roof. The upper floors which have their own access provide living accommodation which is currently unused.
The property is let to The Works Stores Limited on an FRI lease until 11th January 2029. The current rent is £62,500per annum. The tenant chose not to exercise their 2024 break.