3 bedroom detached house for sale

Live-Work Unit, Reeth

Offers in Region of £300,000

Property Description

Key features

  • Potential 6000 Sq Ft. Live-Work Unit. Popular Swaledale Town
  • Bustling Retail/Tourist/Commercial Site
  • Potential To Split Or Develop Into 3 Or More Separate Rental Units
  • Flexible Use, Hi- Or Lo-Tech Workshops. Manufacture, Wholesale, Retail
  • Food, Craft, Anything..Currently Woodworking
  • 2 Storey 3200 sq. ft. Workshop, Showroom, & Offices
  • 717 sq. ft. Insulated Workshop. Portal Storage Building 750 sq.ft
  • Visitors & Private Parking
  • Planning To Convert Part Into Living Accommodation
  • Ideal Live/Work Business Relocation. Business Expansion Site, Or Investment Opportunity (10% Yield)

Full description

Tenure: Freehold

DESCRIPTION Situated in the market town of Swaledale, this premises provides a rare opportunity to purchase a potential Live-Work Unit in a prime location. Located within Reeth Dales Centre, the main centre in Swaledale for craft-based businesses, including a range of workshops housing difference business types such as furniture makers, jewellery makers, painters, sculptors and more. The building can be used for almost any commercial use, including manufacture, wholesale, retail, hi-tech or lo-tech. Investor buyers could split the units to achieve 3 or 4 rental units with a yield around £30,000 (10%)

Reeth is a major tourist centre, and has an excellent range of amenities such as public houses, restaurants, shops, tearooms etc. There are beautiful walks over the countryside, and the Towns of Richmond and Leyburn are only 15 minutes away.

The current owner has run his very successful cabinet making business here for the last 20 years, the layout consists of an entrance showroom with vaulted full height ceiling, 2 workshops, WC, and 2 large wood stores. To the first floor there is a large open gallery with balcony overlooking the showroom, a good sized useful storeroom, staff kitchen and office.

Planning permission has been granted by the National Parks Authority for a Live-Work Unit, to turn part of the building into residential accommodation. The concept of a Live-Work unit is that who ever owns the property must live in the accommodation and run their own business. This is subject to a 106 agreement and new owners need to have an approved business plan by the National Park Authority.

The proposed plans offer spacious living accommodation.Conversion of the store and the workshop would create a ground floor large master suite with shower room and dressing area, two further good-sized double bedrooms, house bathroom and a garage. On the second floor there would be a large open plan living area incorporating a dining kitchen and living area. It will have lovely views to the south over Reeth and views to the north to Fremington Edge.

Excellent opportunity to live and work in the beautiful countryside on the same site, making it a very attractive proposition. Developments of this type are very sought after, but are in very short supply. Equally a great site for business expansion, or an investment opportunity.  

SHOWROOM/WORKSHOP UNIT 1  

ENTRANCE SHOWROOM 42' 3" x 12' 9" (12.88m x 3.89m) Welcoming glazed public entrance with slate floor tiles. Solid wood flooring. Night storage heater. Vaulted full height ceiling. Window to side. Double glazed doors to front. Views to Fremmington Edge.  

WORKSHOP 1 26' 9" x 19' 6" (8.15m x 5.94m) 520 sq ft, well lit workshop. Wood flooring. Power/consumer units. 3 Windows to front with views to Fremmington Edge.  

REAR LOBBY 9' 10" x 6' 4" (3m x 1.93m) Quality tiled floor. Door to rear.  

WC Disabled WC. Wash hand basin. Electric panel heater. Window.  

WORKSHOP 2 22' 9" x 19' 9" (6.93m x 6.02m) Well lit 450 sq ft room. Concrete floor. Night storage heater. Good range of power points. 3 Windows to South.  

FIRST FLOOR  

OFFICE 19' 7" x 7' 3" (5.97m x 2.21m) Light room. Overlooking balcony, enabling you to see visitors come in. 3 Windows. door to gallery.  

KITCHEN 11' 6" x 7' 3" (3.51m x 2.21m) Staff kitchen. Single drainer stainless steel sink. Range of units with work top. Window to South.  

GALLERY 28' 6" x 20' 3" (8.69m x 6.17m) Fitted carpet. Insulated ceiling. Panel heater. Ceiling spot lights. 3 Windows over looking Fremington Edge.  

STORE ROOM 20' 3" x 19' 6" (6.17m x 5.94m) Insulated ceiling. 3 Windows to South.  

WORKSHOP/GARAGE UNIT 2 39' 3" x 18' 3" (11.96m x 5.56m) Full height modern workshop. 717 sq ft. Roller shutter door. Night store heater. Insulated roof. 4 Skylights.  

STORE UNIT3/4 40' x 18' 9" (12.19m x 5.72m) Portal frame timber clad building 750 sq. ft., currently used for wood storage. Potential to create a 2nd floor to increase the floorspace to 1500 sq. ft. and a 4th business unit. This area, along with Unit 2 is the basis for the planning for the residential unit. 

OUTSIDE Ample outside space for private and visitor parking and to create a garden/play area for commercial and residential use. Gravelled with stone wall.  

QUOTE FROM NEIGHBOURING BUSINESS On Tuesday 25 November 2014.

"The Live/work concept has really worked for us as it has given us ample working space and a comfortable new home at a reasonable price. The location is excellent for us as it is an established tourist area which gives us additional income in the summer to supplement our main business which is off-site. Reeth is also a very friendly community with an active social life and good facilities, so we have no regrets about moving here.  

AGENT NOTES Copies of plans, planning permission and 106 agreement can be obtained from our main office in Leyburn, or contact 01969 622 936.  

RENTAL YIELDS If bought as an investment property, the units would be vacant. Estimated rents would be
Unit 1 £2000/month
Unit 2 £500/month
Unit 3 £400/month.

If the Unit 3 were developed into either an upgraded 3rd unit, or a 4th unit created then the rent could be higher.

Annual rental is potentially £30-35,000, giving a yield of 10% 

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
31 December 2014

Nearest station

  • Leyburn (7.5 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

J.R Hopper & Co, Leyburn

Central Chambers Market Place, Leyburn, DL8 5BD

01969 747028 Local call rate

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Floorplans


To view this property or request more details, contact:

J.R Hopper & Co, Leyburn

Central Chambers Market Place, Leyburn, DL8 5BD

01969 747028 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Leyburn (7.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

J.R Hopper & Co, Leyburn

Central Chambers Market Place, Leyburn, DL8 5BD

01969 747028 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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