Market Place, Bedale, DL8 1ED
£1,125,000

LOCATION
Bedale is a pretty market town, located only a couple of minutes drive from the A1(M) and handily on route to the breath-taking scenery of Wensleydale and the North Yorkshire Dales. It boasts a Georgian Market Place, an ancient church, the grandeur of Bedale Hall, a heritage railway, a swimming pool, a weekly market, a thriving Saturday Car Boot sale and a host of other attractions and amenities.

DESCRIPTION
Located in the pretty market town of Bedale is a rare opportunity to acquire a multi-let investment opportunity not solely reliant on any one income stream.

There are currently 13 individual tenancies generating a total gross annual income of £87,564 which, based on the quoting asking price provides a yield of 7.8%. The majority of the tenants, only two of which are on an all inclusive utilities basis have also been occupants of the investment for a good number of years. The property has always had limited voids and as and when units come to the market, these readily re-let with ease.

THIS IS A SIGNIFICANT OPPORTUNITY, THE LIKES OF WHICH RARELY BECOME AVAILABLE TO BUY. NOT TO BE MISSED!

SERVICES
All mains services are connected to the property.

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

OUTGOINGS
Rateable Value: £10,000.
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.