Orchard Gate Shopping Centre
Otley
West Yorkshire
LS21 3AF

Substantial Freehold Shopping Centre Investment of 16 Shops, 3 Kiosks, Office & Bus Station

  • Prominent Town Centre Location
  • Comprises 21,421 sq ft of Retail & Office accommodation plus a Bus Station and Car parking
  • In the same ownership since 2008
  • Asset management opportunities and future redevelopment potential (subject to consents)
  • Lot
    9
  • Auction
    10/Dec/2020
  • Rent
    £286,085 per Annum
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Orchard Gate Shopping Centre<br>Otley<br>West Yorkshire<br>LS21 3AF
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* More information on the term "price" can be found here

Property Information

Location
Miles
9 miles north east of Bradford
9 miles south west of Harrogate
10 miles north east of Leeds
26 miles south west of York
Roads
A660, A59, A658, A65, A1(M
Rail
Burley in Wharfdale, Menston & Guiseley railway stations
Air
Leeds Bradford (5 miles to the south east)
Situation

Otley is set between the beautiful Yorkshire Dales to the north and the City of Leeds 10 miles to the south west. Harrogate is 9 miles to the north east, Skipton 14 miles to the north west and 26 miles south west of York. Manchester is 40 miles to the west. The town is located on the A660 which via the A65 connects the Yorkshire Dales to Leeds. Orchard Gate shopping centre is located in the heart of the town centre with frontages to Crossgate, New Market and Market Street. The shopping centre adjoins Otley bus station and is within walking distance of 4 of the towns main car parks.

Tenure

Freehold. Majority Freehold. Public Toilets are held leasehold from Leeds City Council.

Description

The Orchard Gate Shopping Centre comprises an open scheme of 16 Shops, 3 Kiosks an Office & Bus Station. The retail units trade at ground floor with some units benefitting from first floor ancillary accommodation. 6 units front Market Street.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancies. Interested Parties are referred to www.otleytowncouncil.gov.uk

Completion Period

6 week completion is available

EPC

See Legal Pack at www.acuitus.co.uk

Tenancy & Accommodation

Unit No.FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
1
(23 Market
Street)
Ground
First
Retail
Ancillary
55.3 sq m
34.3 sq m
(596 sq ft)
(369 sq ft)
Individual t/a Dales Cafe5 years from
3/09/2019
£13,500(02/09/2024)
2
(21 Market
Street)
Ground
First
Retail
Ancillary
52.20 sq m
50.61 sq m
(562 sq ft)
(545 sq ft)
Individual t/a JR Sports10 years from
19/07/2010
£13,000Holding over
3
(19 Market
Street)
Ground
First
Retail
Ancillary
52.70 sq m
51.49 sq m
(568 sq ft)
(555 sq ft)
Cats Protection Trustee
Ltd
10 years from
01/05/2015 (1)
£13,1751/05/2020 (1)
4
(17 Market
Street)
Ground
First
Retail
Office/
Ancillary
54.77 sq m
57.87 sq m
(589 sq ft)
(623 sq ft)
Ison Harrison Ltd
t/a Solicitors
4 years from
1/01/2018 (2)
£15,5001/07/2020
5Ground
Retail
68.46 sq m
(737 sq ft)
Individual t/a A casa
Alessia Pizzeria
6 years from
15/06/2017 (3)
£12,000(14/06/2023)
(3)
6Ground
First
Retail
Ancillary
104.32 sq m
57.82 sq m
(1,122 sq ft)
(622 sq ft)
Sportswift Ltd t/a Card
Factory
10 years from
18/11/2015 (4)
£22,80018/11/2020
(4)
7Ground
First
Retail
Ancillary
232.30 sq m
112.10 sq m
(2,500 sq ft)
(1,206 sq ft)
Petwise (Otley) Ltd t/a
Petwise Pet Shop
10 years from
29/03/2017
£36,35029/03/2022
8Ground
First
Retail
Ancillary
251 sq m
225 sq m
(2,702 sq ft)
(2,422 sq ft)
Mackays Stores Ltd (5)
(In Administration) t/a
M&Co
10 years from
10/02/2017
£44,200 (5)-
9Ground
First
Retail
Ancillary
34.00 sq m
34.00 sq m
(365 sq ft)
(365 sq ft)
Individual t/a Groove Pad
Beer & Vinyls
5 years from
01/09/2018 (6)
£11,52001/09/2021
10Ground
Retail
25.40 sq m
(273 sq ft)
Individual t/a Shoecraft10 years from
10/03/2019
£7,40010/03/2024
11Ground
First
Office
Office
70.58 sq m
76.78 sq m
(759 sq ft)
(827 sq ft)
Otley Town Council10 years from
31/01/2013
£20,000(31/03/2023)
12GroundRetail
32.85 sq m
(354 sq ft)
Mr Blinok Ltd t/a
Pancake House
3 years from
14/10/2019 (7)
£8,00014/10/2020
12AGroundRetail
34.85 sq m
(376 sq ft)
Individual t/a Otley
Mobiles
3 years from
4/10/2019
£8,000(03/10/2022)
13GroundRetail
67.25 sq m
(723 sq ft)
Individual (ladies fashion
Pop up Shop)
expires
16/04/2021
£5,400(16/04/2021)
14Ground
First
Retail

28.80 sq m
29.30 sq m
(310 sq ft)
(315 sq ft)
Individual t/a Like Nana
Did
5 years from
01/08/2020 (8)
£9,500.0401/08/2021
15
(15 Market
Street)
GroundRetail
35.40 sq m
(381 sq ft)
Individual t/a Orchard
Florist
2 years from
1/01/2020
£7,5001/01/2021
16
(11 Market
Street)
GroundRetail
34.10 sq m
(367 sq ft)
Rumagin Spirits Limited
t/a Rumagin
3 years from
29/09/2020
£8,50029/09/2021
Kiosk 1GroundRetail
4.9 sq m
(53 sq ft)
Individual t/a The Little
Battery Shop
5 years from
1/05/2020
£3,8001/05/2023
Kiosk 2 GroundRetail
9.8 sq m
(105 sq ft)
Individual t/a Gift Shop5 years from
1/02/2020 (9)
£4,583 
Kiosk 3 GroundRetail
11.8 sq m
(127 sq ft)
Individual t/a The Coffee
Station
3 years from
01/09/2019
£6,000(31/08/2022)
Sitting Out Area  
O`Deli (Otley) LtdLicence£910 
Bus Station  
First West Yorkshire
Limited
10 years from
25/03/2015
£11,95025/03/2020
Public
Toilets
  
Otley Town Council5 years from
16/06/2009
£10(31/03/2023)
2 Car Parking Spaces  
VariousLicences£1,00008/07/2024
Total
1,990.05 sq m (21,4721 sq ft)
plus Bus Station & Car
Parking
  £286,085.04 

(1) Tenants option to determine exercised from 1/05/2021
(2) Tenants option to determine 1/01/2021 not exercised
(3) Tenants option to determine 16/06/2021
(4) Tenants option to determine 18/11/2020 not exercised
(5) Mackays Stores Ltd entered Administration on 3/08/2020 and the rent is
paid by the Administrator
(6) Tenants option to determine 31/08/2020 not exercised
(7) Tenants option to determine 14/10/2022
(8) Tenants option to determine 1/08/2022
(9) Tenants option to determine 1/02/2022 and annually thereafter
NB: First floors of Units 5, 12, 12A, 13, 15 & 16 are residential flats sold off on Long Leases

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    20.11.20
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    20.11.20
    File Size
    785 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Collings Solicitors 0161 926 9769
Matthew Dempsey 0161 341 2439mdempsey@collings-solicitors.co.uk

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