Freehold investment with asset management potential
Summary
- Freehold investment with asset management potential
- Vacant unit provide opportunity for partial owner occupancy
- Within walking distance of Otley town centre
- Good parking provision
- ERV c£50,000pa
Location
Otley is a popular market town in the Wharfedale c 6 miles from
Ilkley, 12 miles from Bradford and 15 miles from Leeds. Otley
has a population of 13,668 at the 2011 census and benefits from
good road links to the commercial centres. Otley is home to a
large number of local and national commercial occupiers such as
Waitrose, Sainsburys and Kwik Fit. The property is situated next
to the Waitrose Car Park.
Get directions from Google Maps
Mainline Stations
-
Menston32 mins
-
Guiseley38 mins
-
Burley-In-Wharfedale43 mins
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Apperley Bridge82 mins
Underground Station
-
Chesham3061 mins
-
Amersham3102 mins
-
Chalfont and Latimer3121 mins
-
Chorleywood3148 mins
Further Information
Price Offers in the region of £560,000
Rates Payable Upon Enquiry
Description
The property comprises a terrace of three units used as both
traditional office and light industrial accommodation. The units
are arranged over ground and first floors and provide a mix of
cellular offices, workshop areas and storage space, with each unit
having its own entrance and services. The property is of a brick
built construction under a slate roof. Three of the ground floor
units are accessed via roller shutter doors.
Unit 4, which is a detached office building has been sold
separately and is to be split from the freehold title
Terms
Offers in the region of £560,000 are invited for the freehold. This represents a net initial yield of 7.83%
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