Commercial Property for sale

Tenure: Freehold

Freehold investment opportunity

An investment property with three tenants and two vacant office suits situated in the popular ancient market town of Kirkbymoorside. The ground floor is occupied as a bookshop and coffee shop by a single tenant. The first floor comprises two office units of which one is let, the second floor two office units, one is vacant.

The anticipated gross rental fully let inclusive of rates, water rates, gas and electricity internal and external repairs and insurance £26,460 p.a.

Ground floor
The ground floor is currently let to one tenant and is used as a coffee room and bookshop and is self contained including garden area and cellar. The current tenants are paying £995.00 per calendar month, with the tenant being responsible for internal repairs and insurance of the windows. The rent is also inclusive of gas, electricity, rates and water rates. Landlord is responsible for external repairs. Let on a 5 year lease from 18th April 2011, rent to be increased annually set against the Retail Price Index, but may be adjusted to reflect the increase in usage and cost of the services.

First floor
The larger of the office space is available for let with the current landlord looking for £550.00 per calendar month inclusive of rates, electricity, gas, external repairs and insurance. The rent is collected on a month to month basis, The second first floor office is smaller and currently let on £220.00 per calendar month, on a month to month basis including rates, water rates, electricity, gas and external repairs and insurance.

Note: on the first floor communal kitchen and toilet facilities.

Second floor
The most westerly office unit is currently let on £220.00 per calendar month, on a month to month basis, including rates, water rates, electricity, gas and external repairs and insurance. The easterly office unit is vacant and the outgoing tenant was paying £220.00 per calendar month including rates, water rates, electricity, gas and external repairs and insurance.

The vendors are not VAT registered.
Not to scale the plans are for illustration purposes only.

Property Misdescription Act:
Due to this Act we no longer feel able to comment on tenure, rights of way and services to the property.

Viewing:
Strictly by appointment with the Agent’s Kirkbymoorside office.
Tel: 01751 431107. Email: kirkbymoorside@peterillingworth.co.uk