Freehold Investment For Sale 29/31 Kirkgate Otley - Including 3 one bedroom flats and a large Retail Unit. Combined Rental income of £37,800
Freehold Investment For Sale 29/31 Kirkgate Otley
Location:
The property is located on Kirkgate in Otley town centre. Kirkgate is the principle shopping street in the town where a number of national occupiers are represented including Specsavers, Halifax, Baradford and Bingley and Llloyds Chemists.
Description:
The property comprises a stone built shop unit at ground floor level with thee flats on the upper floors under a concrete tiled roof.
Accommodation:
Gound Floor Shop- 934sq ft 86.77sq m
First and Second Floors - Three 1 Bedroom Flats
Lease Terms:
The ground floor shop is let to TUI UK Limited for a term of 25 years from 9th November 1992 with a 5 year upward only rent reviews on full repairing and insuring terms at a rent of £22,500 per annum exclusive. The flats are currently let on shorthold tennancies
producing rents totalling £15,300 per annum
Price:
Offers in the region of £525,000 are invited.
VAT:
All prices and rents quoted are exclusive of, but may be subject to, VAT.
Viewing:
Strictly by appointment through:-
Charles Micklethwiate FRICS
Heaney Micklethwaite
0113 245 1622