Market Place, Thirsk

The property forms a mixed-use investment located in Thirsk town centre.

It benefits from 3 x shops and 2 x large flats.

Presently generating a gross rental income of circa £32,000pa.

Description - The property comprises a mixed-use investment with 3 shops and 2 large flats, located within Thirsk town centre.

The full address of the property is 2-6 Market Place (YO7 1LB) and 10 Castlegate, Thirsk (YO7 1HL).

10 Castlegate forms a print shop. 2 Market Place is a cycle shop. 6 Market Place is a barbers shop. Both flats are at 4 Market Place with one to the first floor level and one above.

Each flat benefits from three bedrooms and front and rear access.

There is the opportunity to increase rental levels and secure more formal tenancy agreements.

Location - The property is located within Thirsk town centre which forms a busy and vibrant market town with a number of national retailers within close proximity.

The property has the benefit of a return frontage on to the western end of the Market Place and around the corner to Castlegate.

Accommodation - The property extends to a gross internal area of approximately 327 SQ M / 3,515 SQ FT.

Approximate measurements of the individual retail units can be provided upon request.

In addition, some basement accommodation is included. This is demised to the tenant of the cycle shop at 2 Market Place.

Tenure - We are informed that the property is held of a freehold basis, with appropriate rights of way to the rear.

Tenancies - We are advised that the following rents are payable :-

10 Castlegate - £5,196pa
2 Market Place - £6,240pa
6 Market Place - £6,000pa

4 Market Place (first floor flat) - £5,520pa
4 Market Place (second floor flat) - £9,000pa

Total - £31,956pa

Planning - The property is a Grade II Listed Building.

Rates - The property benefits from the following assessments :-

10 Castlegate - RV £5,300
2 Market Place - RV £4,800
6 Market Place - RV £5,700

Both flats have Council Tax assessments falling within Band A.

We understand that the respective tenants are responsible for the payment of rates.

Epc's - The respective units benefit from the following EPC assessments :-

10 Castlegate - D
2 Market Place - D
6 Market Place - D (address showing as 4 Market Place)

4 Market Place (first floor flat) - D
4 Market Place (second floor flat) - D

Copies of the EPC's can be provided by the selling agents.

Consideration - The freehold is available to purchase for £350,000 (subject to the existing tenancy agreements).

Viewings / Further Information - Please contact James Reynolds of this office.