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2 bedroom retail property (high street) for sale

High Skellgate, Ripon, HG4

£230,000
2,080 sq. ft.

Property Description

Commercial information

  • 2,080 sq ft (193 sq m)

Full description

Investment opportunity comprising ground floor retail and two upper floor apartments situated close to the Market Square in Ripon. Currently producing a gross income of £18,000 offering an ideal investment opportunity.

A rare opportunity to acquire a mixed use investment pair of properties producing a gross annual income of £18,000.

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.

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