Dallamires Close, Ripon, HG4 1TT
£425,000

Located on Dallamires industrial estate, just off Ripon bypass is an opportunity to purchase a pair of modern warehouse units, freehold, as a fully income producing investment opportunity. The properties also come with excellent parking provision externally as shown in the site plan.

Unit 1 is let to GORDO JIU JITSU RIPON at a rent of £17,500 per annum. Their lease has just been renewed for a further 10 years from June 2024. The lease includes a market rent review on the anniversary of the third year of the term.

Unit 2 is let for a period of 10 years from September 2020. Following a recent rent review, the rent is currently at £14,250 Per Annum, to Ripon MOT & Service Centre. The lease allows for 3 yearly rent reviews and we understand a rent review us currently outstanding.

The properties bring in a total income of £31,750 Per Annum with opportunities to lift rents in the future offering an investor an excellent return on their money.

Tenure: Freehold.

Brief Terms

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

Rateable Value: TBC.
Uniform Business Rate for 2024/25: 0.546.
Small business rate relief may be available to some occupiers. Further enquiries should be directed to NYCC for any rates related matters or queries. FSS will accept no liability for any changes to business rates.

VAT: There is no VAT payable.

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.