The Maltings, Flaxley Road, Selby, North Yorkshire, YO8 4BG
- PROPERTY TYPE
Flat
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- TO BE SOLD BY PUBLIC ONLINE AUCTION ON 26TH NOVEMBER 2025.
- PLEASE BE AWARE THAT THESE DETAILS ARE OFTEN UPDATED AND SUBJECT TO CHANGE ANY TIME BEFORE THE AUCTION.
- YOU MUST NOT RELY ON THE INFORMATION BELOW AND SHOULD VIEW FULL PARTICULARS AND ANY ADDENDUMS ON THE AUCTIONEER'S WEBSITE.
Description
Freehold Mixed-Use and Town Centre Investment & Development Opportunity:
Part income-producing with 23 flats let at £134,640pa plus vacant commercial space with extant planning consent for 18 additional flats and commercial units. Large car park. Excellent potential to enhance income: projected gross rent approx. £300,000 p.a (buyers should rely on their own estimations).
The property is prominently situated on Flaxley Road, Selby, a popular market town in North Yorkshire with excellent transport links to York, Leeds, and Hull. Local amenities, schools, and retail facilities are all within easy reach.
A substantial mixed-use building arranged over 5 floors together with a large car park. The third and fourth floors provide 23 self-contained flats, currently producing a total gross rent of £134,640 per annum. The ground, first and second floors comprise vacant offices and a restaurant, with planning permission granted (and extant) in June 2022 for the conversion of these floors to provide 18 flats along with commercial units. Estimations suggest the gross rental income of the existing and planned units would be £300,000pa.
Further potential includes conversion of 2 existing flats to 2 bedroom duplexes and the acquisition (negotiations underway) of adjacent land for addition of 8 further flats (STP); we estimate this may increase the rental yield by approx. £75,000pa. Development of the existing car park (STP) may also be investigated.
Investment Considerations:
Attractive part-income producing opportunity with immediate rental return.
Planning permission in place for further residential conversion and commercial space.
Potential to significantly enhance income and capital value through development.
Potential to develop car park and acquire adjacent land for further development (STP).
Situated in a strong commuter town with established rental demand.
Planning
Planning permission (reference 2019/0961/FULM) was granted in 2022 for conversion and change of use of the ground, first and second floor of The Maltings to 18 flats on the first and second floor and store/plant room on the ground floor following demolition of the squash court (since completed securing the planning in perpetuity).
Planning enquiries should be directed to North Yorkshire Council:
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.
2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 25TH NOVEMBER AND CLOSES ON WEDNESDAY 26TH NOVEMBER.
3. Energy Performance Certificate = TBC
Approx Site Area
0.36 hectares (0.88 acres),
Tenure Comments
The property is sold freehold.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
The Maltings, Flaxley Road, Selby, North Yorkshire, YO8 4BG
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About Pugh and Company, Manchester
Conway House, 1 Blackburn Road, Sheffield, S61 2DW
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Visit our security centre to find out moreDisclaimer - Property reference 120284FH. 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 Pugh and Company, Manchester. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pugh and Company, Manchester on 01942 368361.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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