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Boroughgate, 1 Wesley Street, Otley, LS21

Leeds Commercial 0113 386 3100
Price £525,000

Prominent Location
Planning Permission for 7 Apartments
Immediately Available
Grade II Listed

The accommodation is made up of two constituent parts with the main element fronting Boroughgate and arranged over ground, first and second floor, with accompanying basement store. The property most recently was used as a solicitors office.

The second part is known as 1 Wesley Street and currently provides flat accommodation arranged over ground, first and second floors. This element, it is understood, is let out on an AST producing a rent of approximately £500 per calendar month.

The property is constructed from traditional stone and surmounted by a pitched roof, whilst externally to the rear there is an area of open space currently used as car parking accessed via an archway to the side of the building from Wesley Street.

The property has been measured in accordance with the RICS Property Measurement 2nd Edition (2018) to provide the following gross internal areas:38/40 BoroughgateBasement - 54 sqm (581 sqft)Ground Floor - 153.78 sqm (1,655 sqft)First Floor - 127.41 sqm (1,371 sqft)Second Floor - 128.51 sqm (1,383 sqft)1 Wesley StreetFirst Floor - 34 sqm (366 sqft)Second Floor - 33 sqm (355 sqft)Total - 530.71 sqm (5,711 sqft)

The property was successful in achieving a planning permission dated 26th January 2018 for the conversion to 7 apartments under reference 17/031168FU which provides the following accommodation:Apartment 1 - 2 bed flat - 774 sqftApartment 2 - 2 bed flat - 680 sqftApartment 3 - 2 bed flat - 757 sqftApartment 4 - 1 bed flat - 361 sqftApartment 5 - 2 bed flat - 875 sqftApartment 6 - 1 bed flat - 485 sqftApartment 7 - 2 bed duplex - 797 sqftExternally, the parking spaces have been designed to be converted to be used by Apartments 1 and 2 for external amenity space. Additionally, there are bicycle lockers (for all apartments) and external bin stores.Please note, the property is Grade II Listed with further reference available via English Heritage.

The property is available to purchase on a freehold basis, subject to the existing tenancies, at a quoting price of £525,000.

Energy Performance Certificates
Energy Performance Certificates are available upon request.

The subject property is located on the corner of the cross roads of Boroughgate and Wesley Street, on one of the principal thoroughfares through Otley. The property lies in close proximity to a number of prominent local and national retailers.

Otley is a market town in the county of West Yorkshire located on the A65, approximately 5 miles south east of Ilkley and approximately 12 miles from the centre of Leeds.

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