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Investment Property, Kirkbymoorside, North Yorkshire

£260,000

Business rates & charges may apply

Ernest Wilson & Co Limited, EW Leeds
SIZE

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SECTOR

Commercial property for sale

Key features

  • Ground floor grocers and hair salon
  • First floor three bedroom flat
  • All leases are overdue a rent review
  • Current annual rental yield of 9% - scope to increase

Description

INVESTMENT PROPERTY in North Yorkshire for Sale.

Ernest Wilson are pleased to bring to market this town centre investment property which occupies a prime trading position fronting the bustling town’s market place. The property currently generates an annual rental income approaching £24,000 which is due to increase once the rents are reviewed, achieved from two commercial tenants and one residential tenant. Comprising double fronted property with central shared reception, grocers and wholefoods business held on a 15 year lease from 2016 and returning £11,263 per annum, hair salon held on a three year lease from 2023 and returning £6,000 per annum. The first and second floor provides three bedroom accommodation which is rented out on an assured shorthold tenancy to the same tenant for the past eight years, returning £6,335 per annum. All leases have not had the rent reviewed for some time – wonderful potential to increase the yield. EPC Band C.

About Ernest Wilson & Co Limited, EW Leeds

The Business Centre, Deanhurst Park, Gelderd Road, Gildersome, Leeds, LS27 7LG

Selling a business in the UK? We’ll be with you every step of the way

Selling any business can be a daunting task, but even more so when you’ve worked hard to build your own. That’s why finding the right business transfer agent is so important; you need to trust that you are working with people who have your best interests at heart.

That’s exactly what you’ll find at Ernest Wilson.

Notes

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Disclaimer - Property reference 590827. 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 Ernest Wilson & Co Limited, EW Leeds. 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.

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