Burgate, Pickering

Excellent investmentopportunity comprising a prominently positioned mixed use property, set at thetop of Pickering Marketplace and providing a versatile range of commercial andresidential space. 1 Burgate faces directly onto the MarketPlace and comprises a substantial, Grade II Listed period property.  In all the buildingprovides over 1,700 square feet of accommodation and benefits from anestablished occupier to the commercial space, providing an incoming purchaserwith the benefit of immediate rental income and further income potential, aswhen fully let out 1 Burgate as a whole has realised a solid yield of 6.5% PA.  To the ground and lowerground floors is 839 square feet of commercial space. The commercial premisesare currently operating as a well-established and popular cafe, providing arental income of £14,000 with the lease extending until 2028, offer anattractive degree of income security. The building is classified as A3/A4/A5usage.   Comprising the top two floors of thebuilding, with a private entrance off Willowgate, the flat has been recentlyrefurbished and provides an attractive range of versatile accommodation. Inbrief; entrance vestibule, kitchen, living room, sitting room/bedroom and afurther double bedroom and house bathroom. Until recently the rent passing was£725 PCM. 

LOCATION Pickering is a busy market town on the southern boundary of the North York Moors National Park and some 25 miles north of the city of York.  The town has a wide range of amenities, including primary school, surgery, library, sports centre and swimming pool. Convenient also for the surrounding countryside; the neighbouring North York Moors National Park to the north and the Heritage Coastline to the east.