Mercury Row, Otley, LS21 3HE
£85,000

3A Mercury Row occupies a prominent position within the heart of Otley town centre, just off the main retail pitch and close to a range of established national and independent occupiers, including Wetherspoons. Otley is a popular and thriving market town in West Yorkshire, benefitting from a strong local catchment, regular visitor footfall and ongoing residential growth.

The property comprises of an attractive stone-built commercial premises arranged over two floors and is offered as an income-producing investment opportunity. The property is currently let on a 5-year lease at a passing rent of £6,250 per annum, providing an immediate income stream. The tenant's business is unaffected, and the sale is subject to the existing tenancy.

The accommodation includes a well-presented open-plan retail area at ground floor level, benefitting from good natural light and an attractive frontage. The upper floors provide a range of ancillary accommodation comprising of an additional retail/display area, office, store room, kitchen and W/C facilities.

The property is available for sale at an asking price of £85,000, reflecting a gross yield of approximately 7.35% based on the current passing rent.

Tenure: Freehold.

Brief Terms

Terms
The property is available to purchase freehold, subject to the existing lease.

Rateable Value
Rateable Value: £4,500.
For the 2026/27 rating year, business rates are calculated using a tiered multiplier system. For properties with a Rateable Value below £51,000, multipliers range from approximately 38.2p for qualifying Retail, Hospitality and Leisure uses to 43.2p for other property types, subject to eligibility. Small business rate relief may also be available. Interested parties should make their own enquiries with North Yorkshire Council to confirm the exact rates payable. FSS accepts no liability for any changes to business rates or the accuracy of this information.

VAT
All figures quoted are deemed exclusive of VAT where applicable.

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

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.

Services
All mains services are connected to the property.

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