FREEHOLD BAKERS AND CONFECTIONERS in Otley.
Located in the picture postcard market town of Otley, considered the Gateway to the Yorkshire Dales National Park, this famous bakers has been in the same family ownership for over 83 years and is an institution and part of the fabric of this historic ancient town. Well-known and highly regarded for its in house production of award winning breads, cakes and tarts, the business has a very loyal clientele and is a very, very busy shop. The business comes with substantial freehold premises extending to almost 2,500 sq ft over three floors plus basement. The property has a retail shop to the front on Kirkgate. Kirkgate supports all the market stalls and traders during market days and carries the majority of the towns footfall. To the rear of the property is a 50ft long ground floor extension within which the main engine room of the bakery is housed. The property offers interested parties a very valuable and attractive Freehold building in the central retail part of town, next to Boots and several other national high street retailers. The property alone would suit any manner of occupation or retail operation. The second and third floors could be converted into living accommodation if required. At its price, this represents tremendous value for money as the property alone is worth well in excess of the asking price and the goodwill with fixtures, fitting and equipment is essentially a bonus for any party wishing to carry on the traditional baking operation. Alternatively, this would make an ideal investment opportunity for a commercial property landlord, with potential annual return on investment of circa 8 to 10%.
The Premises Comprises:
Single fronted terraced premises of traditional Yorkshire stone construction under stone slate roof. The property is over three floors to the main building, with a single storey 50ft extension to the rear, partially stone built and partially brick built. EPC Band D. Business & Property. Ref: 586697
Thinking of selling a business? Call now for a free valuation on 0113 238 2900 or email sales@ernest-wilson.co.uk for more information on Ernest Wilson Business Agents, visit www.ernest-wilson.co.uk - we do not charge any money up front
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