King Street, Ripon, HG4 1PJ

£62,500

LOCATION
The property occupies a prominent position on King Street within close proximity to the City Centre and walking distance to Ripon Cathedral.

DESCRIPTION
An opportunity to purchase a let and income producing ground floor retail unit, within walking distance to Ripon's town centre. The premises are currently leased to a beauty salon, 'Elaine Thomas Beauty' offering an ideal investment opportunity. The lease is currently holding over although the tenant has shown an interest in renewing. The current rent is £4,500 Per Annum, however it is envisaged that a slight increase would be due if the lease were to be renewed.

The property itself is available to purchase freehold, excluding the upper floor apartments which have ben sold off on long leases. The property would suit either an investor or an owner occupier.

SERVICES
All mains services are connected to the property.

TERMS
Freehold.

OUTGOINGS
Rateable Value: £2,175.
Uniform Business Rate for 2018/19: £0.480.
Small business rate relief may be available to some occupiers. Further enquiries should be directed to HBC 01423 500600.

VAT
All figures quoted are deemed exclusive of VAT where applicable.

LEGAL COSTS
Unless expressly stated all parties will be responsible for their own legal costs in connection with this transaction.

PLANNING
Interested parties are advised to make their own enquiries of the local planning authority in respect of planning proposals if any change of use is envisaged.

VIEWING
If you would like to view this property, please contact FSS on 01423 501211 and we will be pleased to make an appointment.

Our next auction is on 5 March 2020

Have you got a property that you would like to sell at Auction?

We are currently taking new instructions

PLEASE CONTACT US FOR MORE DETAILS AND TO ARRANGE A VIEWING

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