3 Westgate, Ripon, HG4 2AT

A rare opportunity to acquire a substantial mixed use freehold building with vacant possession upon completion.  The property offers extensive retail/service space at street level together with ancillary facilities and a spacious two bedroom flat on the first floor and is superbly located just off Ripon market place.

The ground floor unit is currently operating as a successful hair salon (A1 business use) but could suit a variety of other uses, subject to obtaining the necessary consents.  We understand permission was granted in 2023 for the change of use to a restaurant - reference: 22/04843/FUL.  This attractive building could suit a wide range of buyers, having particular appeal for business owners who seek the long term security of having full control over their premises.  From an investor's perspective, the commercial unit and first floor flat can be let separately and we estimate the potential total income could be in the region of £25,000 per annum, giving a yield of 8.4% at the asking price.  Mains gas, electric and water are connected at the property.