INVESTMENT OPPORTUNITY Commercial building located in the heart of the thriving market town of Richmond. ideal for an investor looking to expand their portfolio into a commercial property with residential potential (subject to necessary planning consents).
Situation The property occupies a prominent position on the bustling marketplace of Richmond, an historic market town. Richmond is located near the River Swale and on the eastern edge of the Yorkshire Dales with excellent access to the A1(M) creating links with other local towns such as Catterick, Northallerton, Bedale and Darlington.
Description The property offers an exceptional amount of square footage, a "Tardis" like front leading into an expanse of property occupying some 3,552 sq ft. The former arcade allows for a range of uses, be that of an owner occupier to utilise in its current state or with possible residential conversion to create a flat(s) on the floors above (subject to necessary planning consents).
Accommodation The property is constructed of stone masonry under a pantile roof. The ground floor was most recently occupied by an arcade, previous uses have also been that of restaurants with kitchen facilities at the rear of the property. On the first and second floors, the property has seen the use of staff facilities and storage.
The first and second floors offer an excellent opportunity for residential conversion to maximise the property’s yield. The property has the capacity and space to create an appealing flat(s) (subject to necessary planning consents).
Services All mains’ services are connected to the building.
Freehold Vacant possession upon completion.
Method of sale The property is offered for sale by private treaty although the vendor reserves the right to conclude the sale by any other method.
Business Rates The property’s current rateable value is £15,000.
Local Authority North Yorkshire County Council, County Hall, Northallerton, Richmond DL7 8AD
Viewing Strictly through the selling agents, Lister Haigh, Knaresborough on 01423 860322.
Parking One parking space to the rear of the building.
Plans and Areas All plans in these particulars are for identification purposes only and areas are approximate and subject to the verification in the title documents.
Listed Building The property is a Grade II listed building.
Important Notice If you have downloaded these particulars from our website, please also register your interest with our office to ensure that you are kept informed about the progress of the sale.