Otley Street, Skipton BD23
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- *** terms agreed ***
- Commercial Investment Opportunity
- Long established commercial units with private parking
- Superb location a short distance from the High Street
- Current income £34,500 pa net
Property description
Location & description
The British School comprises three office units to one side, attached to a workshop building incorporating first floor offices, all being of substantial traditional construction and with the particular benefit of good private on-site parking.
All units are entirely self-contained (the offices arranged off a common entrance/stairs with WC's), and offer accommodation of a good standard, representing an attractive working environment within the town and popular with occupiers.
Situated just off Otley Street - itself popular with professional services/office occupiers over the years - the property is within 200m of the High Street, all amenities (including rail and bus stations) being within easy walking distance.
Skipton (population. Approx. 17,000) is a very popular market town approx. 22 miles North West of Leeds, 20 miles West of Harrogate and 35 miles North of Manchester.
Occupancy in recent years has been 100%, there having been an excess of demand for accommodation of this type and size in the local area for a number of years, the property historically managed on a benign personal basis, with potential for both further development (subject to availability of appropriate consents) and rental growth.
Leases
The units are let on broadly uniform terms (tenant internal repairing) with provision for a service charge (in respect of common areas/repairs, buildings insurance, etc.), in accordance with the detailed schedule below.
Guide price
£435,000 (Offers)
A purchase at the above guide would yield a gross return of 7.93% (7.52% net acquisition costs at 5.5%
VAT
Not applicable.
Lease schedule
See attached brochure
Services
See attached brochure
Tenure
Freehold
Viewing
Strictly by arrangement with sole agents - Atkinson associates
Property info
* Sizes listed are approximations. Please contact the agent to verify actual sizes.
For more information about this property, please contact
Atkinson associates, LS29 on +44 1943 613911 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Atkinson associates, and do not constitute property particulars. Please contact Atkinson associates for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.