High Street, Pateley Bridge, HG3 3AP
£1,000,000

LOCATION
Pateley Bridge is full of tranquil charm as it nestles in the heart of Nidderdale, an Area of Outstanding Natural Beauty. The peace of this beautiful area has provided inspiration for writers and artists alike, and kept many a visitor returning year after year to enjoy the serenity.

The subject property is located in the heart of Pateley Bridge town centre, in what is a heavily commercial area in the middle of the high street and the main shopping area.

The town centre and more specifically the high street are often hailed as one of the most prominent and popular high streets in Yorkshire and sits in a position often referred to as the gateway to the Yorkshire dales national park. The high street also contains the oldest sweet shop in the world dating back to 1827.

DESCRIPTION
We are delighted to offer for sale this outstanding and well established mixed use Grade II listed building and courtyard premises comprising a total 16 units, which include a healthy mix of retail units, offices and residential accommodation. Such marque properties seldom come to the open market and this is therefore a unique opportunity not to be missed.

The 16 units offered can be broken down into a total of 9 retail units, 4 offices and 3 residential apartments. The property is fully let and income producing other then Apartment 15B which has recently been refurbished and offers a large 3 bedroom maisonette apartment over first and second floor. It was previously let at £650 p/m however would likely now achieve a higher figure following the refurbishment.

The tenancy schedule is illustrated below but the tenant mix briefly includes, Dacre Son & Hartley estate agents, Sypeland outdoor clothes shop, a florists, café/coffee shop and an art gallery among others. The majority of the commercial tenants have been in situ for many years and their leases are now holding over. Some of the rents are based on historic rates and so this does offer potential rental growth opportunities to prospective purchasers.

SERVICES
All mains services are connected to the property.

TERMS
Freehold. The property is for sale freehold subject to existing tenancies.

OUTGOINGS
Rateable Value: 1st Floor Office Kings House £3,600 & Ground Floor Kings House £8,600.
Uniform Business Rate for 2020/21: £0.512.
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.