Valley Drive, West Yorkshire

Asking Price of £715,000
For Sale
Commercial Property

FOR SALE, OFFICE INVESTMENT, RENT ROLL: £33,776, POTENTIAL RENT: £50,000+, GUIDE PRICE: £715,000

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Call our office on: 01943 662662 or:

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LOCATION
The property is situated on Valley Drive with access from Valley Road within the established Development Centre, home to a number of companies including Optident and Overton Architects.

The Development Centre lies one mile east of Ilkley town centre. The property is bordered by residential development to the north and west.

Ilkley is a market town and town centre amenities include retail, restaurants and offices. The town is well served with public transport links including a mainline railway service to both Leeds and Bradford.

DESCRIPTION
Holiday House comprises a 2-storey office property which has recently undergone extensive refurbishment and divided up into a number offices with amenities at ground floor level.

Externally there is on-site car parking for up to six vehicles.

SPECIFICATION
* Sensored LED lighting (part only)
* Gas fired central heating
* Carpeting
* New kitchen and W.C. facilities
* Enhanced frontage with secure access
* On site car parking

ACCOMMODATION
Floor areas are approximate only.

Sq. Ft.Sq. M
Ground Floor 2401223
First Floor 2916271
TOTAL 5317494

TENANCY SCHEDULE
Suite 1: 1658 sq. ft. Occupied by current owner Gold Crest Holidays. Currently do not pay any rent but will enter into a new lease on a rent to be agreed.
Suite 2: 1238 sq. ft. Occupied by Abbey Construction Consultants on a 5 year lease expiring 14.4.18. Have been tenants for 9 years. Current rent £12,500 pa. Service charge 20.5% of total rechargeable items.
Suite 3: 1561 sq. ft. Occupied by Efinity on a 5 year lease expiring 1.5.21. Current rent £13,000 pa, rising to £14,750 in years 3-5. Service charge 30% of total rechargeable items.
Suite 4: 388 sq ft. Occupied by Peter Durbin & Co on a 2 year lease expiring 10.8.18. Current rent £4,276. Service charge £800 pa.
Suite 5: 452 sq. ft. Occupied by Home Instead on a 3 year lease expiring 14.9.17. Current rent £4,000 pa. Service charge £1,017 pa. Lease renewal negotiations in hand.

GUIDE PRICE
This investment is for sale at a guide price of £715,000.

SERVICES
We understand that all mains services are installed or are available. However we recommend that prospective occupiers make their own enquiries as to the availability, suitability and capacity of such services.

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