Castlegate, Knaresborough, HG5

Circa £90,000

Description
An ideal opportunity to purchase the freehold interest of this attractive and imposing rustic brick building comprising of a ground floor retail premises with lower ground floor storage. There is an apartment above on a long leasehold of 999 years. The shop is currently let at £9,950 per annum on a lease for six years with a review and break clause at three years. The flat above pays 50% of the maintenance of the building and insurance and a peppercorn ground rent. This is therefore an ideal investment opportunity which based upon the guide price offers an 11% return.

Location
The building is situated on Castlegate in Knaresborough which is in the heart of the town and is famed for its historic buildings, including Knaresborough Castle. The town offers numerous boutique shops and is an incredibly popular tourist attraction, well located with good links to the larger cities within the area by both road and rail. Also within close proximity is the fashionable Spa town of Harrogate.

Tenure
Freehold subject to the long leasehold interest of flat above and lease of the retail unit.

Services
All mains services with the exception of gas are connected to the property.

Energy Performance Certificate (EPC) Rating
Not required.

Solicitors
Greenwoods Solicitors, 90 High Street, Knaresborough, HG5 0EA. Tel: 01423 862975. FAO: Samantha Nattrass

Auction viewings take place as blocked appointments.
Tel. 01423 501211.

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Our next auction is on 8 March 2018

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