78/78a Otley Old, Leeds

Asking price of £225,000

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The property is located fronting Otley Old Road in the

popular north Leeds suburb of Cookridge and lies within

an established retail parade containing other occupiers

such as convenience store, café bar and Post Office. The

main local Doctors Surgery and primary school are located

immediately opposite.


A mid-terrace property with accommodation over 3 floors.

The commercial element comprises a ground floor retail

shop which has an open plan sales area and rear office

and kitchenette. Lower ground floor storage is accessed

from within the shop but has separate external access at

the rear, and also contains a WC. The first floor flat is

self-contained with access from the rear and comprises an

entrance hall and kitchen on the ground floor with stairs

leading to first floor lounge, two double bedrooms and

bathroom. To the rear of the property there is a single

lock-up garage.


Measured in accordance with the RICS Property

Measurement (incorporating International Property

Measurement Standards) 1st Edition, May 2015, the

commercial element provides the following approximate

net internal areas:

ground floor shop 523 sq ft (48.6m²)

basement 133 sq ft (12.3m²)


The property is offered on a freehold basis at a guide price

of £225,000. The commercial element of the property is

to be sold with vacant possession and the first floor flat is

let on a periodic assured shorthold tenancy at a current

passing rent of £450 pcm to include water rates. It is

understood that VAT is NOT applicable on this property.


According to the Valuation Office Agency website, the

commercial premises has a current 2017 rateable value of

£8,200. The upper floor flat has a council tax rating of

Band A. Interested parties are advised to direct further

enquiries to the local authority.

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