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£380,000

1 bedroom Office Office, Pegasus House, 90 Otley Road, Shipley, BD18 3SA

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Freehold D1 Healthcare facility investment opportunity - £38,000 gross annual income with strong covenant in place.

Occupying a prominent location on the fringe of Shipley Town Centre, the property has main road frontage to the A6038 Otley Road, providing good access to the surrounding motorway network. Both the train station and main bus terminal for Shipley are within close proximity.

The property is currently let on a 5 year lease (just renewed) with an established and profitable medical research company as tenant, who have invested heavily in the facility.

Freehold - D1 Healthcare Facility investment opportunity - £38,000 gross annual income with strong covenant in place.

Occupying a prominent location on the fringe of Shipley Town Centre, the property has main road frontage to the A6038 Otley Road, providing good access to the surrounding motorway network. Both the train station and main bus terminal for Shipley are within close proximity.

The property is currently let on a 5 year lease (just renewed) with an established and profitable medical research company as tenant, who have invested heavily in the facility. Their website describes the facility as:

'Our Yorkshire Centre, located in Otley Road, Shipley was the first commissioned outside London and opened in spring 2017. Such has been the success of the centre that we have recently expanded the site to accommodate more consulting rooms to help ensure we meet patient demand.'

The property comprises an attractive 2-storey detached office building originally constructed to provide 4 individual office suites with communal kitchenette and WC facilities. Internally, the property offers accommodation across two levels offering both open plan and private office accommodation benefiting from carpeting throughout and part suspended ceilings.

Externally the property has a small bin store to its left end gable with private parking for up to 5 vehicles to its right hand gable.

The property has shared private drainage which is managed by a third party. The landlord is responsible for payment of the service charge.

The landlord is also responsible for the following costs:

Drainage Service Charge - £458.34 incl VAT per annum
Data Protection Fee - £40 per annum (related to security cameras)

The property is elected for VAT.

Due to lockdown, please contact Hugh Roberts on 07387 268534 or hugh.roberts@prestonbaker.co.uk to receive the sales pack and arrange a viewing.

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£380,000
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1 bedroom Office Office, Pegasus House, 90 Otley Road, Shipley, BD18 3SA
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