The High Street, Boroughbridge, YO51 9AW

£550,000

LOCATION
The property is situated in a prominent position on the High Street in Boroughbridge, the town supports a range of facilities catering for most daily needs and is conveniently located within close proximity of the A1(M) making travel throughout the region easily accessible.

DESCRIPTION
A rare opportunity to purchase a mixed use investment/development opportunity located in the heart of Boroughbridge Town Centre. The property consists of 5 parts consisting of 2 commercial shops and 3 residential dwellings. The larger shop is let, however the rest are currently vacant.

The accommodation totals 3,343 sq ft and offers the following:

6 and 6a High Street - Commercial
This element of the building is let to Issima's gifts and interiors who have been in occupation for a number of years. The passing rent is £14,000 Per Annum with the lease expiring at the end of April 2023.

4 High Street - Commercial
This element of the building was formerly a barber shop but is currently vacant. However an agreement has been reached with Issima's to take the unit on terms in line with their existing lease at a rent of £4,500 Per Annum.

Library House - Residential
Library House is accessed to the rear of the building via a shared yard and offers accommodation based over 1st and 2nd floors. The space itself is substantial offering over 1,000 sq ft of gross space, however it has been stripped to a shell condition and does require development. It is envisaged that once developed the space would offer a 3 bedroomed dwelling.

Library Cottage - Residential
Library Cottage is also accessed to the rear of the building and offers a 1 bedroom dwelling which has already been fitted out to a good standard. The space would be ready for almost immediate occupation.

3 St James Square - Residential
3 St James Square offers a detached coach house building, again accessed through the shared yard. This offers a 1 bedroom dwelling over 2 floors with the Kitchen/Living space to the ground floor and bedroom with en suite to the first floor.

The property offers an ideal balance between a fixed income producing investment alongside significant value add opportunities to the residential parts.

AN EARLY VIEWING WOULD BE STRONGLY RECOMMENDED.


SERVICES
All mains services are connected to the property.

OUTGOINGS
Rateable Value: TBC
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
Strictly by appointment with the agent Tel: 01423 501211.

Our next auction is on 18th July 2019

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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