Boroughgate, Otley, LS21 1AE
£450,000

A rare opportunity to acquire a substantial Grade II listed mid-terrace property, prominently positioned in the heart of Otley town centre. This characterful building, previously operating as a restaurant, is offered for sale freehold and presents significant potential for redevelopment or continued commercial use.

Arranged over three floors with the added benefit of a basement cellar, the property offers generous internal space and retains many period features. Now vacant, it requires a full programme of refurbishment, making it an ideal project for investors, developers, or owner-occupiers.

Planning permission has been granted for conversion into three spacious two-bedroom apartments, with the proposed layout including a ground floor apartment accessed from Boroughgate and two upper floor units accessed separately from the rear. Alternatively, the property offers scope (subject to the necessary consents) to create a stunning single townhouse in a prime central location.

A versatile and historic building with outstanding potential – early viewing is highly recommended.

Appproximate Net Internal Floor Area
Ground Floor Sales 247 sq ft
Ground Floor Cafe - 482 sq ft
Ground Floor Kitchen - 202 sq ft
First Floor - 836 sq ft
Second Floor - 834 sq ft

Tenure: Freehold.

Brief Terms

Terms: Freehold. The property is available to purchase with vacant possession on completion of the sale.

Rateable Value: £8000
Uniform Business Rate for 2024/25: 0.546. Small business rate relief may be available to some occupiers. Further enquiries should be directed to NYC for any rates related matters or queries. FSS will accept no liability for any changes to business rates.

VAT: Not elected for VAT

Legal Costs: Unless expressly stated all parties will be responsible for their own legal costs in connection with this transaction.

Services: All mains services are connected to the property.

Planning: Interested parties are advised to make their own enquiries of the local planning authority in respect of planning proposals if any change of use is envisaged.

Viewing: If you would like to view this property, please contact FSS on 01423 501211 and we will be pleased to make an appointment.