for sale retail investment and superb residential …€¦ · the property is available for sale on...
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FOR SALE RETAIL INVESTMENT AND SUPERB RESIDENTIAL DEVELOPMENT OPPORTUNITY
37-41 KIRKGATE, OTLEY, LS21 3HN PRICE ON APPLICATION
\ Rare freehold opportunity with residential potential for 13/14 apartments.
\ Two retail units included producing £31,250 per annum.
\ Superb location within Otley town centre.
AVAILABLE SPACE 1,484.17m² (15,975sq ft)
01274 734101
RATEABLE VALUE
The various units are separately assessed.
VAT
Prices and rental are exclusive of VAT if chargeable.
TERMS
The property is available for sale on a freehold basis subject to the following tenancies: 1. Bargain Booze Ltd - 10 years lease from 16 November
2012 at a rent of £21,250 per annum (by assignment from Costcutter Supermarkets Group Limited). There is a rent review at the end of the fifth year.
2. Zuber Ismail trading as Antalya Barbers – 9 year lease from 8 August 2017 at a rent of £10,000 per annum. The lease incorporates 3 yearly rent reviews.
Full lease details are available on request.
Price on application.
LEGAL COSTS
Each party to be responsible for their own legal costs incurred in the transaction.
VIEWING By prior arrangement with the agents: Eddisons Tel / 01274 734101 Email / [email protected] Email / [email protected] REVISED OCTOBER 2017 SUBJECT TO CONTRACT FILE REF / 731.3992A
LOCATION The property is conveniently situated fronting Kirkgate in the centre of Otley. The immediate area is mixed in nature with retail, residential properties and restaurants within close proximity. The A659 provides access to the Pool in Wharfedale and Harrogate as well as the A1.
DESCRIPTION The property comprises:- Sterling House On the ground floor fronting Kirkgate are two retail units which are trading as Bargain Booze and Antalya Barbers. The upper three floors consist of former office space divided into several private and general offices. Kirkgate Offices To the rear of Sterling House but interconnecting therewith is a two storey office block with basement storage. Victoria Yard Victoria Yard consists of two floors of character office space and basement. The building which was previously used a recording studio would be suitable for a variety of uses including residential conversion. Sterling House M2 SQ FT 37 Kirkgate (GF) Zuber Ismail
37.23 401
39-41 Kirkgate (GF) Bargain Booze Ltd
135.99 1,464
Upper Floors 445.58 4,796 Kirkgate Offices 522.65 5,625 Victoria Yard 342.72 3,689 Total Floor Area (approx) 1,484.17 15,975
