77 Otley Road Shipley West Yorkshire BD18 2BJ

77 Otley Road
Shipley
West Yorkshire
BD18 2BJ

Freehold Ground Rent Investment

Comprises a Modern Convenience Store
Let to Valli Forecourts Limited(2) until 30 June 2058 (32 years unexpired)
Important Rent Reviews outstanding
5 Yearly Rent Reviews geared to 12.5% of the Rack Rental Value of the land and buildings
Prominent roadside position on Otley Road close to Market Street
Situated close to established commercial occupiers local retail parades and roadside trade including Formula One Autocentre

Lot
13
Auction
26th March 2026
Rent
£4,188 per Annum Exclusive
with Outstanding Rent Reviews to be Settled
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction
On Behalf of the City of Bradford Metropolitan District Council

Important Update Interested?

Expand
Photos
Map

Freehold Ground Rent Investment

Comprises a Modern Convenience Store
Let to Valli Forecourts Limited(2) until 30 June 2058 (32 years unexpired)
Important Rent Reviews outstanding
5 Yearly Rent Reviews geared to 12.5% of the Rack Rental Value of the land and buildings
Prominent roadside position on Otley Road close to Market Street
Situated close to established commercial occupiers local retail parades and roadside trade including Formula One Autocentre

Lot 13
Auction 26th March 2026
Rent £4,188 per Annum Exclusive with Outstanding Rent Reviews to be Settled
Status Sold Prior
Price
Sector
Ground Rent, Convenience Store
Auction Venue
Live Streamed Auction
On Behalf of the City of Bradford Metropolitan District Council

Property Information

Location

Miles: Approximately 3 miles north of Bradford, 12 miles northwest of Leeds
Roads: A6038 (Otley Road), A650, A657, A658
Rail: Shipley Railway Station
Air: Leeds Bradford Airport

Situation

The property is prominently located on the west side of Otley Road (A6038), just to the north of its junction with Market Street, in an established commercial part of Shipley. The area is well connected, lying approximately 3 miles north of Bradford and around 12 miles north-west of Leeds, with easy access to the A650 and surrounding arterial routes.

Shipley Railway Station is close by and provides regular services to Leeds and Bradford. Leeds Bradford Airport is also within a short drive.

The locality comprises a mix of residential housing and established local and roadside commercial uses, which support strong demand for convenience retail.

Tenure

Freehold.

Location

Miles: Approximately 3 miles north of Bradford, 12 miles northwest of Leeds
Roads: A6038 (Otley Road), A650, A657, A658
Rail: Shipley Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a regular and level parcel of land extending to approximately 920 sq yards/769 sq m (8,276 sq ft) with the Gross Internal Area of 620 sq m (6,674 sq ft) (1) upon which has been constructed a modern, purpose-built single storey convenience store.

VAT

VAT is applicable to this lot.

EPC

Band A+

Description

VAT

VAT is applicable to this lot.

EPC

Band A+

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review (Reversion)
Ground	Convenience Store	620.18	(6,676)	VALLI FORECOURTS LIMITED (CRN: 04394106)	99 years from 01/07/1959 (32 years unexpired).	£4,188	30/06/2018, 30/06/2023, 30/06/2028 and 5 yearly. (30/06/2058)(3)
Total Approximate Floor Area		620.18 (1)	(6,676)			£4,188

(1) The site area is stated in the lease 920 square yards. The Floor area stated above is the Gross Internal Floor area stated within the planning application number 20/01188/FUL.
(2) Valli Forecourts Limited (CRN:04394106) are a family owned business based in Leeds and currently operates a portfolio of 17 petrol forecourts and convenience stores in England (Source: https://valliforecourts.co.uk/what-we-do). For the year ending 31/03/2025, Valli Forecourts Limited (CRN:04394106) reported a Turnover of £135,223,887 and Pre Tax Profits of £14,661,768 and Net Assets of £66,973,162. (Report and Financial Statements as published at Companies House 03/02/2026).
(3) The Deed of Variation provides for a rent to be reviewed to the greater of the passing rent or 12.5% of the Rack Rental Value, of the land and buildings. The 2018 and 2023 rent reviews are outstanding.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.