The property comprises two ground floor shop units and two upper floor duplex flats and is fully let and income producing.
Location
The property is in a well-established retail parade on Otley Road close to the traffic light junction with Oxford Road/Victoria Road. Otley Road is the principal shopping street in Guiseley and is the main road link between Leeds and Ilkley. There is some on street car parking but also free car parking close by in the Morrisons supermarket complex.
Accommodation
60 Otley Road
Retail sales - 48.5 sq m (523 sq ft)
Rear staffroom/store - 7.2 sq m (77 sq ft)
Sub Total - 55.7 sq m (600 sq ft)
62 Otley Road
Retail sales - 47.4 sq m (510 sq ft)
Rear staffroom/store - 8.3 sq m (90 sq ft)
Sub Total - 55.7 sq m (600 sq ft)
Flat 60 – 2-beds, dining kitchen, lounge, bathroom
Flat 62 – 2-beds, dining kitchen, lounge, bathroom
Terms
Tenancies:
60 Otley Road is let to Paul Lister trading as Lister Blinds for 6 years from 11 January 2025 at £14,750 per annum.
62 Otley Road is let by way of a lease renewal to Robert Mitchell trading as Onward Brews for 5 years from 06 October 2023 at a rental of £14,750 per annum.
Flat 60 is let on an Assured Shorthold Tenancy at a rental of £8,700 per annum from 18 September 2025.
Flat 62 has been let from 17 December 2025 at a rental of £8,700 per annum.
The total gross income is £46,900 per annum.
Services - We are advised the premises benefit from mains water, sewer drainage and electricity. However, no tests have been carried out on any of the services or appliances and therefore we are unable to comment as to their condition or capacity. The current electrical testing and fire safety certificates are available on request.
Energy Performance Certificates - The property has the following EPC ratings: -
60 Otley Road – C (72)
62 Otley Road – B (42)
Flat 60 – E (47)
Flat 62 – E (47)
Price - £595,000.
VAT - The price is not subject to VAT.
Anti-Money Laundering Regulations - In accordance with the Anti-Money Laundering Regulations evidence of identity and a source of funding will be required from the successful offeree prior to instructing solicitors.
Specification
- Fully let – gross income £46,900 pa
- Price £595,000
- Gross yield 7.88%
- VAT not applicable