Retail premises for sale in Bondgate, Otley LS21
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Location
Otley is a thriving market town, located 12 miles northwest of Leeds. The property occupies a strong trading position on Bondgate close to its junction with Kirkgate, the prime retail thoroughfare. Neighbouring occupiers include Boots the chemist and Costa Coffee.
Description
2-4 Bondgate forms part of a terrace of properties. It is arranged over ground and two upper floors. The ground floor comprises a commercial unit occupied by Dacres Estate Agents with offices and storage on the first floor. The second floor is residential, comprising a self-contained large apartment accessed from the rear.
Floor areas
Floor sq. M. Sq. Ft.
Ground 41 440
First 49 530
Second 61 655
total 151 1625
The investment
A) Ground and first floor – a new lease has been agreed with Dacres for a term of six years at an initial rent of £12,500 p.a. There is a rent review at the end of the third year.
B) Second Floor – a large apartment recently refurbished and let under an AST. The monthly rent is £700.
The annual rent is £20,900 p.a.
Terms
The property is available freehold with the benefit of the existing tenancies at a sales price of £249,500.
EPC
Ground and first floor – ‘C’
Second Floor – ‘E’
Rateable value
Ground and First Floor - £7,900.
Apartment – Band A
Legal costs
Each party responsible for their own legal costs.
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
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
DE Commercial, LS29 on +44 1943 613838 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by DE Commercial, and do not constitute property particulars. Please contact DE Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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