£250,000

Retail premises for sale

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Guide price

£250,000

(£126.65/sq. ft)

Retail premises for sale

High Street, Knaresborough HG5

1,974 sq. ft

Local area information

Property location

Nearby amenities

  • Knaresborough 0.1 miles
  • Knaresborough St John's CofE Primary School 0.2 miles
  • St Mary's Primary School Knaresborough, A Voluntary Catholic Academy 0.3 miles
  • Starbeck 1.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Knaresborough to find out more about the local area.

Features and description

Location: Knaresborough is a popular and vibrant North Yorkshire market town located approximately three miles east of Harrogate. The subject premises lie on the main High Street (A59) close to the Railway station. Nearby occupiers include jd Wetherspoon (The Crown Inn) and Carriages-Knaresborough.

Description: The period property is brick built with a pitched roof to the front and rear section. There are two retail units known as no. 90 and no. 92.

No. 90

A vacant ground floor shop/reception area with display window and side entrance recessed door. Internal staircase leading to two offices/rooms to front and separate kitchenette/WC. Further private office to the far end of the property via corridor. Rear fire escape door and stairs leading to attic (not measured), providing useful dry storage space.

Net Internal Area (NIA):

Ground Floor: 20.7 m² (223 sq ft) approx.
First Floor Offices: 38.9 m² (419 sq ft) approx.
First Floor Stores: 2.0 m² (22 sq ft) approx.

Total: 61.6 m² (663 sq ft) approx.

No. 92

A ground floor corner shop occupied by Tico Tico Takeaway that has a newly fitted and modern glazed shop front. Waiting area and counter with food preparation, kitchen and storage space to the rear. Internal staircase providing access to first floor WC and storage area.

Net Internal Area (NIA):

Ground Floor Sales: 45.9 m² (494 sq ft) approx.
Ground Floor Storage: 12.9 m² (139 sq ft) approx.
First Floor Stores: 12.9 m² (139 sq ft) approx.

Total: 71.7 m² (772 sq ft) approx.

Rating: From the voa Rating List the 2023 Rateable Value (rv) assessments are:

No. 90 rv £4,400
No. 92 rv £7,100

This is not what you pay and both properties are eligible for 100% small business rates relief to qualifying Tenants. Interested parties should make their own enquiries with North Yorkshire Council regarding the amount payable.

Tenancies:

No. 90 Vacant - Estimated Rental Value (erv) - £11,700 pax
No. 92 Mr B Moghtader t/as Tico Tico - 12 year Lease (12.09.24 - 11.09.36) - £9,000 pax

total: £20,700 pax

tenure: Freehold Interest.

Price: We are inviting offers in the region of £250,000 subject to contract and occupational Leases.

Based on a rental income of £20,700 per annum exclusive, this represents a gross return of 8.3%.

Legal costs: Each party to be responsible for their own legal costs in connection with the sale.

VAT: Not applicable.

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  1. Zoopla
  2. Commercial for sale
  3. North Yorkshire
  4. Yorkshire Dales
  5. Knaresborough
  6. High Street