The British School, Otley Street, Skipton, BD23 1EW

Location and Description

• Long established commercial units with private parking
• Superb location a short distance from the High Street
• 3 affordable office suites plus workshop
• Current income £34,500 pa net
• Guide Price £435,000 (offers)

The British School comprises three office units (ground, first and second floors), attached to a workshop building incorporating first floor offices, all being of substantial traditional construction and with the particular benefit of 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.

Terms

The units are let on broadly uniform terms (tenant internal repairing) with provision for a service charge in respect of common areas/repairs and for collection of buildings insurance, etc., (see tenancy schedule within the PDF download).

Tenure

Freehold

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%).

Viewing

By prior appointment through the sole agents Atkinson Associates 01943 666955.