Market Place, Knaresborough, HG5

£450,000

Description
An excellent investment opportunity to acquire a substantial portion of the Market Place in Knaresborough. This building covers 40 - 42 Market Place with a substantial extension to the rear, providing excellent storage facilities. The property comprises of a ground floor retail unit, which is let to Naylor Chemists at an annual rental of £18,197 to Naylors Chemists. Arranged over the first and second floors are four self contained apartments all currently let on assured shorthold tenancies, producing an annual income of £23,700. This gives a total current annual income of £41,897. There is also a large car park at the rear of the building which is conveyed with the property.

Location
The building is set in the Market Place in the heart of Knaresborough. Knaresborough supports a wealth of varying shops and is conveniently placed just off the A1(M) linking with the region's motorway network. Also within the town is the train station on the Leeds to York line.

Tenure
Freehold subject to the existing tenancies.

Services
All mains services are connected to the property, with the exception of mains gas. Heating is via electric storage heating.

Energy Performance Certificate (EPC) Rating
Shop - Grade D
Flat 1 - Grade E
Flat 2 - Grade F
Flat 3 - Grade F
Flat 4 - Grade F

Solicitors
LCF Law, The Exchange, Station Parade, Harrogate, HG1 1TS.. Tel: 01423 502211 FAO: Russell Burnett.

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

Viewing by appointment only.

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Our next auction is on 6th December 2018

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