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60-62 Otley Rd 1,200 sq ft 100% Let Retail Property Guiseley LS20 8AH £595,000 (£495.83/sq ft) 7.88% Net Initial Yield
Investment Highlights
- The property is in a well-established retail parade on Otley Road close to the traffic light junction with Oxford Road/Victoria Road.
- There is some on street car parking but also free car parking close by in the Morrisons supermarket complex.
- Otley Road is the principal shopping street in Guiseley and is the main road link between Leeds and Ilkley
Executive Summary
60 Otley Road is let to Paul Lister trading as Lister Blinds for 6 years from 11 January 2025 at £14,750 per annum.
62 Otley Road is let by way of a lease renewal to Robert Mitchell trading as Onward Brews for 5 years from 06October 2023 at a rental of £14,750 per annum.Flat 60 is let on an Assured Shorthold Tenancy at a rental of £8,700 per annum from 18 September 2025.Flat 62 has been let from 17 December 2025 at a rental of £8,700 per annum.
The total gross income is £46,900 per annum
62 Otley Road is let by way of a lease renewal to Robert Mitchell trading as Onward Brews for 5 years from 06October 2023 at a rental of £14,750 per annum.Flat 60 is let on an Assured Shorthold Tenancy at a rental of £8,700 per annum from 18 September 2025.Flat 62 has been let from 17 December 2025 at a rental of £8,700 per annum.
The total gross income is £46,900 per annum
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,200 sq ft
Costar Property Class
C
Year Built
1989
Price
£595,000
Price per sq ft
£495.83
Yield
7.88%
NOI
£46,900
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.82
Total Plot Size
0.03 ac
Frontage
42 ft on Otley Road
Amenities
- 24 Hour Access
- Bus Route
- Storage Space
1 1
Nearby Major Retailers
1 of 2
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60-62 Otley Rd
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