£100,000

LOCATION
The building is located on Westgate in immediate proximity to the market square. Ripon is an attractive Cathedral city, located approximately 30 miles north of Leeds, 12 miles north of Harrogate and 27 miles west of York. The property is strategically located within about 4 miles of the A1 motorway.

DESCRIPTION
An opportunity to purchase an ideal investment opportunity consisting of a retail premises over ground and basement level within Ripon's town centre.

The premises that has been fitted out to a very high standard has very recently been let with the tenant’s lease signed for a 5 year term at an annual rent of £8,220.

Benefits include a large shop frontage onto a busy street and with the added bonus of fitted out basement storage.

SERVICES
All mains services are connected to the property.

TERMS
Long Leasehold. The property is for sale on a long lease of 250 years.

OUTGOINGS
Rateable Value: £8,800.
Uniform Business Rate for 2020/21: £0.512.

As per Government Budget announcement this property is eligible for 100% rate relief for the 2020/21 financial year. 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.