This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

3 bedroom semi-detached house for sale

Workshops

Removed £250,000

Property Description

Key features

  • Quality Commercial Unit. Prime Location Market Town
  • Bustling Retail/Tourist/Commercial Site
  • Flexible Commercial Use - High Or Low Tech
  • Manufacture, Wholesale, Retail, Food, Craft, Or Anything Currently Woodworking
  • 2 Storey 3200 sq. ft. High Tech Workshop, Showroom & Offices
  • Adjoining Units Also Available
  • Ample Parking
  • Ideal Business Expansion Site
  • Ideal Investment Opportunity. 10% Yield

Full description

Tenure: Freehold

DESCRIPTION These state of the art showrooms & workshops offer superb work & display space in a prime location. Situated in the capital of Swaledale, the popular market town of Reeth, within Reeth Dales Centre. It is the main centre in Swaledale for all types of businesses, with a range of workshops housing 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 low-tech. Investment buyers could rent the unit at around £25,000/year, which is effectively a 10% yield.

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, and is now looking to move to larger premises. The 2 storey layout consists of an entrance showroom with vaulted full height ceiling, workshops, & WC. To the first floor there is a large open gallery with balcony overlooking the showroom, a good sized useful storeroom, staff kitchen and office. Outside is ample parking for visitors and staff.

Neighbouring workshop and store are also available if larger premises are required, or could be rented separately. These buildings have permission to create a residential home used in conjunction with this Workshop & Showroom

Investors will find these very attractive premises sought after by many different business types. 

GROUND FLOOR  

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.  

OUTSIDE Ample parking area for staff & visitors 

AGENTS NOTE An attached 717 sq. ft. Workshop/Store/Garage, and a 750 sq. ft. Portal Store with planning to develop as a Live work unit are also available for sale. (Guide Price £75,000) They could also be rented to purchasers of the main Unit.  

RENTAL YIELD If bought as an investment property, the unit would be vacant. Estimated rent would be £2000/month ( £24,000/year) which would give a yield approaching 10% return.

The other units would also rent well, and could be further developed if purchased as well.
Unit 2 £500/month
Unit 3 £400/month
Unit 3 rent could be higher, if it was developed into either an upgrade 3rd unit or even a 4th.
 


More information from this agent

Listing History

Added on Rightmove:
21 February 2016

Map & Street View

Disclaimer - Property reference 100315004009. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by J.R Hopper & Co, Leyburn. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

Map data OpenStreetMap contributors.