York Place, Knaresborough, North Yorkshire, HG5

A superb investment opportunity to acquire a mixed-use freehold property, comprising a ground and lower ground floor commercial unit together with three self-contained one-bedroom apartments, complemented by three off-street parking spaces to the rear. The property currently generates a strong yield of approximately 7.4%.

A superb investment opportunity to acquire a mixed-use freehold property, comprising a ground and lower ground floor commercial unit together with three self-contained one-bedroom apartments, complemented by three off-street parking spaces to the rear. The property currently generates a strong yield of approximately 8%.

Presently producing a total annual income of £34,620 12 York Place represents a sound and attractive investment, having been very well maintained by the current owner.

The commercial unit is let on a three-year lease expiring in 2027, producing an annual rental income of £9,600.

The three self-contained one-bedroom apartments are all let on rolling tenancies to long-standing tenants, each achieving £695 per calendar month. The apartments offer clear scope for internal refurbishment, presenting an opportunity to enhance rental values in line with prevailing market levels.

To the rear of the property are three off-street parking spaces situated on a gravelled hardstanding, providing a valuable additional amenity for both residential and commercial occupiers.

Located less than 100 meters from the heart of the historic market town of Knaresborough, the property is minutes away from an extensive range of restaurants, bars and shops, both independent and chains. With a wide and diverse range of leisure, cultural facilities and numerous supermarkets.

Knaresborough and Harrogate are well connected by road, with the A1(M) eight miles from the centre, providing easy access to the north and south, whilst the mainline station offers direct services to London Kings Cross in three hours.

The property is situated within 4 miles of the beautiful RHS Harlow Carr gardens and 4 stunning golf courses at Pannal, Harrogate, Oakdale and Rudding Park. The stunning countryside and villages of Nidderdale Area of Outstanding Natural Beauty, with its many walking, cycling and riding routes, is within easy reach.

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All mains services are connected.

Tenure
Freehold, subject to existing tenancies.

Business Rates
Rateable Value:
For the 2026/27 rating year, business rates are calculated using a tiered multiplier system. For properties with a Rateable Value below £51,000, multipliers range from approximately 38.2p for qualifying Retail, Hospitality and Leisure uses to 43.2p for other property types, subject to eligibility.
Small business rate relief may also be available.
Interested parties should make their own enquiries with North Yorkshire Council to confirm the exact rates payable. FSS accepts no liability for any changes to business rates or the accuracy of this information.

VAT
All figures quoted are deemed exclusive of VAT where applicable.

Legal Costs
Unless expressly stated all parties will be responsible for their own legal costs in connection with this transaction.

Planning
Interested parties are advised to make their own enquiries of the local planning authority in respect of planning proposals if any change of use is envisaged.

Services
All mains services are connected to the property.

Viewing
If you would like to view this property, please contact FSS on and we will be pleased to make an appointment.