51 Boroughgate, Otley

Asking Price of £235,000
For Sale
Commercial Property

RARE INVESTMENT OPPORTUNITY, MIXED USE (OFFICES AND RESIDENTIAL) ANNUAL INCOME: £15,740, GUIDE PRICE: £235,000

Read more

Call our office on: 01943 662662 or:

Enquire Now

LOCATION
Otley is a thriving market town located 14 miles north west of Leeds. This prominent property is located on the south side of Boroughgate (A659) close to its junction with Wesley Street and Crossgate. It is ideally placed to benefit from the retail and leisure amenities of the town centre and the bus station is within 100 yards.

DESCRIPTION
51 Boroughgate is a traditional stone built terraced property under a pitched roof.

Arranged over basement, ground and two upper floors, it comprises offices on the ground floor with basement storage and a one bed flat on each of the upper floors.

There is a small yard to the rear of the property.

ACCOMMODATION
Sq. Ft. Sq. M
Ground Floor: Office 420 39
First Floor: Flat 425 39.5
Second Floor: Flat 380 35

SPECIFICATION
Offices:
* Open plan and self-contained
* Electric convector heaters
* LED lighting
* Kitchen area and W.C.
Apartments:
* Self-contained
* Fitted kitchen
* Electric convector heaters
* Double glazing

TENANCY SCHEDULE
Offices: The offices are leased to long standing tenants, Rest Assured Nursing Care, who have been in occupation over eleven years and have recently completed a new six year lease effective from 9th January 2018 at a rent of £6,500 p.a. subject to review after three years.

First Floor Apartment: Let on an AST at a monthly rent of £395.00.
Second Floor Apartment: Let on an AST at a monthly rent of £375.00

The annual rent is £15,740.

SERVICES
We understand that electric and water services are connected to the property. However we recommend that prospective occupiers make their own enquiries as to the availability, suitability and capacity of such services.

VAT
The property is not VAT registered and therefore the sale will not be subject to VAT.

RATEABLE VALUE
Offices: £4,350.

COUNCIL TAX
Both apartments are in Band A.

TERMS
£235,000 subject to contract.

LEGAL COSTS
Each party to pay their own costs.

ENQUIRIES
Strictly by appointment only, contact:-
Richard Heslop: 01943 662662
Or email richard@daleeddison.co.uk