The property comprises a 3 storey building with ground floor retail shop, let to an estate agency business. The upper floors comprise 2 flats that have been sold off on long leases on leases for a term of 999 years from 2000 with peppercorn ground rent.
The ground floor benefits from a practical internal layout and offers a specification including:
- Double frontage
- Well-presented accommodation
- Open plan retail space
- Kitchen facilities
- WC facilities
- On-site parking + storage within double garage in rear part
- Secure access
- Convenient location within Guiseley
Location
The subject property is located on Oxford Road in Guiseley, being a well-positioned commercial opportunity within an established business location, offering convenient access to the surrounding amenities and transport links.
Accommodation
GF Retail — 789 sq ft (73.26 sq m)
GF Kitchen — 90 sq ft (8.34 sq m)
Garage/Store — 515 sq ft (47.85 sq m)
Total — 1,394 sq ft (129.4 sq m)
Terms
Terms: The property is owned offered for sale on a freehold basis, subject to existing leases. The lease on the ground floor commercial shop is for a term of 10 years from 2026, with a tenant's option to break at year 5 (2031) at a rent of £15,000 pa. The upper floors are held on long leases with a term of 999 years, from 2000 at a peppercorn rent. Therefore, the total income from this investment at present is £15,000 pa.
Guide Price: £200,000
EPC: This property benefits from an EPC rating of B-50.
VAT: VAT is not applicable.
Rateable Value: According to the Valuation Office Agency website, the ground floor retail shop has a current 2026 Rateable Value of £13,750.
Legal Costs: Each party to the transaction will be responsible for their own legal expenses incurred.
Specification
- Passing Rental Income: £15,000PA
- Freehold Investment opportunity
- Gross yield 7.5%
- Lease expiry March 2036
- Rent review/ tenant break March 2031
- Prominent high street location