2 bedroom apartment for saleHigh Skellgate, Ripon, HG4
An mixed-use use investment opportunity comprising: ground floor retail and two upper floor apartments currently of which are let out on periodic agreements, providing a 7.8% gross return based upon the asking price. producing a gross income of £18,000 therefore offering an ideal investment opportunity.
Description - An mixed-use use investment opportunity pair of properties comprising ground floor retail and two upper floor apartments currently of which are let out on periodic agreements, providing a 7.8% gross return based upon the asking price. Producing a gross income of £18,000 therefore offering an ideal investment opportunity. The commercial element of the building is currently let to a retail Internet business on a 5 year lease with no break clause, from 1st August 2016, at a sum of £600 per calendar month. The shop is responsible for internal repairs and outside decoration every five years. The residential element with flats 6a and 7a are both currently let on periodic tenancies with a rental of £450 per calendar month each. The building has both A1 and A3 consent which will therefore appeal to a wide variety of businesses, particularly for future lettings.
High Skellgate is conveniently placed just off the Market Square on the approach to Ripon from Harrogate. The city of Ripon supports an excellent range of shopping facilities and is conveniently placed with ease of access being gained to the A1(M) leading to the larger cities within the area and the region's motorway network.
Tenure - Freehold.
Tax Band - A.
Directions - Approaching Ripon from Harrogate proceed to the roundabout on the southern bypass. Go straight over and continue on the Harrogate Road crossing the river and up the hill up towards the centre, where the property will be found on your left hand side.
Viewing - Strictly by appointment with the agent Tel: 01423 501211.
Services - All mains services are connected to the building.
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