High Skellgate, Ripon

£77,500
598 sq. ft.

Location and Directions

Approaching Ripon from Harrogate proceed to the roundabout on the southern bypass. Go straight over and continue on the Harrogate Road crossing the river and up the hill up towards the centre, where the property will be found on your left hand side.

Tenure

The property is available to purchase freehold as an investment opportunity. The upper floor apartments have been sold on long leaseholds and pay a ground rent of £25 Per Annum.

Viewing

Strictly by appointment with the agent Tel: 01423 501211.

Rateable Value

Rateable Value: £8,400
Uniform Business Rate for 2017/17 £0.479.
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.

Services

All mains services are connected to the property.

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.

An opportunity to purchase a ground floor commercial premises located in Ripon City Centre. The property offers a large open plan retail unit approximately 598 sq ft in size and is currently occupied by Smart Start a renowned local business who have been there for a number of years. Internally the premises are fitted to a good standard with neutral decor and carpet.

The premises are available to purchase as an investment opportunity, as the current owner/occupier would be looking to rent the premises back from the purchaser. A rent of £7,750 Per Annum would be proposed offering a 10% yield. The current occupier would be willing to commit to a 6 year lease with a 3 year break clause.

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Our next auction is on 17 May 2018

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