Property photos
Sold STC
Guide price
£410,000
(£137.35/sq. ft)
Retail premises for sale
Otley Road, Gusieley LS202,985 sq. ft
Local area information
Property location
Nearby amenities
- St Oswald's Church of England Primary School 0.2 miles
- Guiseley Primary School 0.2 miles
- Guiseley 0.2 miles
- Menston 1.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Location
The property is located on the prominent and busy Otley Road (A65) in the popular suburb of Guiseley.
Being positioned in this well-established parade, a short distance from the junction with Oxford Road and Victoria Road, there is easy access to local amenities such as shops, banks, bars and restaurants.
Guiseley train station is a 5-minute walk with regular services to Leeds and Bradford. The area is also well connected with bus routes.
The property is surrounded by a vibrant mix of independent and national retail operators, including Morrisons, Skipton Building Society, Everybody’s Bar and Listers Blinds and Shutters.
Description
The property is of stone construction under a pitched slate roof and arranged over basement, ground and 2 upper floors.
64-66 Otley Road provides an opportunity to acquire a prominent retail and residential investment on a vibrant high street. The building offers great prominence to passing traffic and strong frontage. The property has the advantage of being self-contained with a double frontage.
The one-bedroom flat has its own entrance to the rear of the property.
There is one car parking space allocated at the rear of the property.
Floor areas
The basement storage area extends to 980 sq. Ft. (91 sq. M)
The ground floor retail area extends to 1110 sq. Ft. (103 sq. M)
First floor offices, storage and WC comprise 420 sq. Ft. (39 sq. M)
Second floor kitchen and storage comprise 475 sq. Ft. (44 sq. M)
Total floor area 2985 sq. Ft, (277 sq. M)
The apartment is in need of modernisation and has been occupied by the same tenant since 2001.
The investment
I) A 10-year lease from 12 January 2016 let to Sue Ryder Charity Shops. The current rent is £26,500 pa.
Ii) The apartment is let under an A.S.T. In 2001. The current rent is £450/month.
Purchase price
£410,000. This represents a gross yield of 7.75%.
EPC
An up-to-date EPC is required.
Rateable value
The rateable value of the commercial element is £24,500.
The apartment is in Council Tax Band ‘B’.
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: Or email
The property is located on the prominent and busy Otley Road (A65) in the popular suburb of Guiseley.
Being positioned in this well-established parade, a short distance from the junction with Oxford Road and Victoria Road, there is easy access to local amenities such as shops, banks, bars and restaurants.
Guiseley train station is a 5-minute walk with regular services to Leeds and Bradford. The area is also well connected with bus routes.
The property is surrounded by a vibrant mix of independent and national retail operators, including Morrisons, Skipton Building Society, Everybody’s Bar and Listers Blinds and Shutters.
Description
The property is of stone construction under a pitched slate roof and arranged over basement, ground and 2 upper floors.
64-66 Otley Road provides an opportunity to acquire a prominent retail and residential investment on a vibrant high street. The building offers great prominence to passing traffic and strong frontage. The property has the advantage of being self-contained with a double frontage.
The one-bedroom flat has its own entrance to the rear of the property.
There is one car parking space allocated at the rear of the property.
Floor areas
The basement storage area extends to 980 sq. Ft. (91 sq. M)
The ground floor retail area extends to 1110 sq. Ft. (103 sq. M)
First floor offices, storage and WC comprise 420 sq. Ft. (39 sq. M)
Second floor kitchen and storage comprise 475 sq. Ft. (44 sq. M)
Total floor area 2985 sq. Ft, (277 sq. M)
The apartment is in need of modernisation and has been occupied by the same tenant since 2001.
The investment
I) A 10-year lease from 12 January 2016 let to Sue Ryder Charity Shops. The current rent is £26,500 pa.
Ii) The apartment is let under an A.S.T. In 2001. The current rent is £450/month.
Purchase price
£410,000. This represents a gross yield of 7.75%.
EPC
An up-to-date EPC is required.
Rateable value
The rateable value of the commercial element is £24,500.
The apartment is in Council Tax Band ‘B’.
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: Or email
More information
Listed by
DE Commercial
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