High Street, Boroughbridge, YO51 9AW

£550,000

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
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
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
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 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
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
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.

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

Tenure Freehold.

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.

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

Directions On entering the town of Boroughbridge, turn up the high street and proceed towards the centre where the property is seen on the left hand side, directly opposite 'The Beauty Shop' and identified by our 'For Sale' board.

Viewing Strictly by appointment with the agent Tel: 01423 501211.

Our next auction is on 1st October 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

Latest News Articles
Harrogate Semi Exceeds Auction Guide Price by £57K

Harrogate Semi Exceeds Auction Guide Price by £57K

A three bedroom semi in Bilton, Harrogate, has sold at auction for £57K above the guide price. ...
Read More

“We all got along so well… and still do!” Memories from our first auction co-ordinator

“We all got along so well… and still do!” Memories from our first auction co-ordinator

Margaret Hammond (pictured far left) was one of the first employees of Feather Smailes Scales back in...
Read More

Gazumping is back – we tell you how to avoid it

Gazumping is back – we tell you how to avoid it

According to TV property guru Phil Spencer, gazumping has returned to the UK housing market, with up to...
Read More

Town meets country at July property auction

Town meets country at July property auction

Harrogate’s July property auction will feature town centre and countryside properties right across...
Read More

01423 501 211 follow us on Twitter follow us on Facebook follow us on Linkedin follow us on Instagram