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Land for sale
Boroughgate, Otley, West Yorkshire, LS21
£450,000
Boroughgate, Otley, West Yorkshire, LS21
£450,000
Our Summary
- This characterful building, previously operating as a restaurant, is offered for sale freehold and presents significant potential for redevelopment or continued commercial use
- Now vacant, it requires a full programme of refurbishment, making it an ideal project for investors, developers, or owner-occupiers
- Planning permission has been granted for conversion into three spacious two-bedroom apartments, with the proposed layout including a ground floor apartment accessed from Boroughgate and two upper floor units accessed separately from the rear
- Alternatively, the property offers scope (subject to the necessary consents) to create a stunning single townhouse in a prime central location
Description
This Grade II listed mid-terrace property in Otley town centre is a rare opportunity for redevelopment or continued commercial use. The three-story building, previously a restaurant, offers generous internal space and retains many period features, but requires a full refurbishment. Planning permission has been granted to convert it into three two-bedroom apartments or, alternatively, create a single townhouse in a prime central location. The property has a net internal floor area of approximately 3,901 sq ft, with the option to purchase it freehold with vacant possession. With its versatile layout and historic charm, this property presents a unique project for investors, developers, or owner-occupiers, and early viewing is highly recommended.