Old Market Place, Ripon, HG4 1EQ
£125,000

A mid-terrace commercial property in a prominent Ripon city centre position, arranged over two floors plus an additional storage basement.

The property is let to The Pet Shop, a long-established local retailer, currently producing an income of £12,500 per annum. Approximately three years remain on the tenant’s lease, providing secure income for investors.

At the asking price, the property offers an attractive net initial yield of around 10%, making this a compelling opportunity for investors seeking a strong return in a busy retail location.

Tenure: Freehold.

Brief Terms

Terms: Freehold. The property is available to purchase freehold, subject to the existing tenancy.

Rateable Value: £9,600.
Uniform Business Rate for 2025/26: 0.546. Small business rate relief may be available to some occupiers. Further enquiries should be directed to NYC for any rates related matters or queries. FSS will accept no liability for any changes to business rates.

VAT: TBC

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: If you would like to view this property, please contact FSS on 01423 501211 and we will be pleased to make an appointment.