Investment for sale - 54B Carlton Street, Castleford

The property comprises a freehold asset management opportunity occupying a prominent pitch on a pedestrianised street. Arranged across ground, first and second floors the property is currently let to Bennetts Road House Limited on a five year lease expiring 28.03.2026 and paying £20,000 per annum. However the tenant is in liquidation and therefore not on occupation. We consider the property offers evident asset management potential via surrender of the lease and re-letting with nearby properties let for £25,000 per annum. Furthermore, the property may also benefit from potential to develop the upper parts to alternative uses, including residential (subject to lease and obtaining any requisite consents). The property occupies a prominent pitch with a frontage to Carlton Street; the principal, pedestrianised retail street in Castleford. The street is characterised by a mix of local and national tenants including Superdrug, Greggs, and Heron Foods. The Carlton Lanes Shopping Centre is also immedaitely opposite the property.