Market Place, Thirsk, North Yorkshire, YO7

Description

Situated in a prime position within Thirsk's historic Market Place, this mixed-used freehold building offers exceptional visibility, high footfall and a stable income stream. Sold as a single investment entity, the property comprises of a prominent ground-floor commercial shopfront (No. 31) and a two-bedroom first-floor apartment above, measuring approximately 650 sq. ft. (31A) with an additional storage shed to rear. With fully let accommodation, this property represents an outstanding, hassle free opportunity for investors seeking strong yields.

First-floor Apartment

31A Market Place Positioned on the first floor, measuring approximately 650 sq. ft., this well-proportioned residential apartment features independent access, two bedrooms, a central living area, fitted kitchen and upstairs bathroom with additional storage corridor. The property has proven reliable, currently let to a long-term tenant. The property also benefits from full central heating and new boiler. Current rent: £475pcm (£5,700per annum) Council Tax Band: A EPC: D

Living Room

5.08 x 3.5 - Carpeted flooring, double glazed window, radiator, and direct access through to the kitchen and both bedrooms.

Kitchen

2.54 x 2.5 - Vinyl flooring, double glazed window, tiled backsplash, stainless steel sink unit, and fitted wall and base units.

Bedroom One

3.3 x 2.17 - Carpeted flooring, double glazed window, and radiator.

Bedroom Two

3.59 x 2.98 - Carpeted flooring, double glazed window, and radiator.

Landing

3.0 x 1.91 - Carpeted flooring, radiator, and a Velux window.

Bathroom

2.71 x 1.2 - Carpeted flooring, tiled walls, radiator, and a three-piece suite comprising a WC, wash hand basin, and panelled bath with an electric shower over.

Ground-floor Commercial Unit

31 Market Place Occupying a prominent ground floor position, this commercial unit features an inviting shopfront with large display windows facing directly onto the Market Place. Currently let and established, the space benefits from top-tier exposure and consistent pedestrian trade. Current Rent: £700pcm (£8,400 per annum) Commercial EPC: G

Rear Storage Shed

A useful external storage shed located to the rear of the main building provides an additional secondary revenue stream. Current Rent: £20pcm (£240 per annum)

Income and Yield Summary

31 Market Place £700pcm (£8,400 per annum) 31A Market Place £475pcm (£5,700 per annum) Rear Storage £20pcm (£240 per annum) Total Investment with a fully let portfolio: £1,195pcm (£14,340 per annum)

Material Information

The following information should be read and considered by any potential buyers prior to making a transactional decision: SERVICES: We are advised by the seller that the property has mains provided electricity, water, gas and drainage. MAINTENANCE / SERVICE CHARGE: No WATER METER: TBC PARKING ARRANGEMENTS: N/A BROADBAND SPEED: The maximum speed for broadband in this area is shown by inputting the postcode at the following at the following link here ELECTRIC CAR CHARGER: No MOBILE PHONE SIGNAL: No known issues. The information above has been provided by the seller and has not yet been verified at this point of producing this material. There may be more information related to the sale of this property that can be made available to any potential buyer.

Clauses

1/ James Winn Estate Agents has not tested any services, appliances or heating and no warranty is given or implied as to their condition. 2/ All measurements are approximate and intended as a guide only. All our measurements are carried out using a regularly calibrated laser tape but may be subject to a margin of error. 3/ We believe the property is freehold but we always recommend verifying this with your solicitor should you decide to purchase the property. 4/ Fixtures and fittings other than those included in the above details are to be agreed with the seller through separate negotiation. 5/ All EPC`s are generated by a third party and James Winn Ltd accepts no liability for their accuracy. 6/ The Floorplans that are provided are purely to give an idea of layout and as such should not be relied on for anything other than this. It is highly likely the plans do not show cupboards, indents, fireplaces or recesses and are not drawn to scale or with doors, (truncated)

Mortgage & Financial Services

James Winn Estate Agents are keen to stress the importance of seeking independent mortgage advice. If you are in need of mortgage advice our team will be pleased to make you an appointment with an independent mortgage advisor based. Call or . (Remember your home is at risk if you do not keep up repayments on a mortgage or other loans secured on it). Minimum age 18.