23 Market Square, Shipley, BD18 3QJ

Description

A Terrace Shop and Upper Part requiring modernisation.

Accommodation

Three floors comprising top floor ancillary accommodation, first floor ancillary accommodation, and ground floor shop retail premises.

Location

Situated on Market Square, in a central position close to the amenities available in Shipley Town Centre and travelling facilities including Shipley Train Station. Northcliffe Park is also nearby.

Tenure / Property Information

Investment Analysis

No completed sales or other valuation evidence has been supplied, so GDV and market value cannot be established. The £30,000 guide and £1,125 pcm figure should not be treated as formal value or achieved rent. The property is a vacant leasehold shop and upper part requiring modernisation, with approximately 129 years unexpired.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, review of the lease and special conditions, confirmation of achievable commercial rent, and a full works budget. Do not rely on the indicative yield or bid above a separately evidenced commercial valuation.

Works Required

Modernisation of the three-floor shop and upper-part accommodation, subject to inspection and confirmation of the required scope. No specific defects or quantified works have been evidenced.

Rental & Market Context

Potential BRRR Position

BRRR cannot be reliably assessed because no GDV, refurbishment budget, finance assumptions or refinance valuation evidence is supplied. The £1,500 buyer premium is known, but total project cost remains unquantified.

Buy-to-Let Analysis

The supplied £1,125 pcm is an advertised commercial asking rent, not passing or achieved rent. Against the £30,000 guide it indicates a 45% gross yield before costs, but a reliable BTL return cannot be established without confirmed rent, lease terms, operating costs, insurance, rates and refurbishment costs.

Flip Analysis

A flip surplus cannot be calculated because there are no completed sales, GDV evidence, refurbishment costs, selling costs or supported resale assumptions. The property is described as requiring modernisation, creating unquantified project risk.

Investor Risks & Due Diligence

• Vacant possession means there is no confirmed passing income.

• The supplied rent is an advertised asking rent rather than achieved or contracted rent.

• The property requires modernisation, but the scope and cost of works are unknown.

• No completed sales or formal valuation evidence has been supplied.

• Additional seller fees may be payable under the special conditions, but their amount is unknown.

• The property is leasehold and the lease terms, restrictions and liabilities beyond the stated term have not been supplied.

Recommendation

Proceed only subject to inspection, review of the lease and special conditions, confirmation of achievable commercial rent, and a full works budget. Do not rely on the indicative yield or bid above a separately evidenced commercial valuation.

Strategy Rating

Analysis Confidence

The evidence confirms the tenure, vacancy, accommodation, guide, buyer premium and one advertised rent, but provides no completed comparables, GDV, works budget, operating costs, passing rent or detailed special-condition fees.