This freehold property currently operates as a multi-let office block, generating a net rental income of £56,500 annually, with an estimated rental value (ERV) of £84,000. Positioned in a prime location within Huddersfield town center, this building offers immediate cash flow while presenting excellent renovation and redevelopment potential.
Spanning a total of 15,600 square feet across six floors, the structure includes a basement car park and five additional floors suitable for reconfiguration. The generous airspace of approximately 14,000 square feet above the existing structure further enhances its development prospects, potentially increasing the total usable area to over 30,000 square feet. This significant space allows for diverse redevelopment options, including the transformation into residential units such as small studios, medium studios, or larger apartments.
The property is strategically located amid ongoing urban revitalization efforts by Kirklees Council. This includes substantial investments under the Huddersfield Town Centre refurbishment master plan—valued at £262 million—which aims to enhance the cultural and social infrastructure in the area. Upcoming projects include a food hall at the former Queensgate Market site and a new cultural hub nearby featuring libraries and art venues. These developments are set to attract more visitors and residents to the area.
Conveniently situated near key amenities such as the Town Hall and primary shopping district, this location also offers excellent transport links. Both Huddersfield Railway Station and the main bus station are just a short walk away. Additionally, with proximity to the University of Huddersfield—approximately 0.2 miles east—the property benefits from a steady demand for housing from students and professionals alike.
With its combination of current income generation and future redevelopment opportunities within an ever-improving locality, this property represents an appealing prospect for investors looking to make an impactful addition to their portfolio.
