Retail premises for sale in High Street, Knaresborough HG5, £750,000

750,000.00

Offer Nr.:
64226370
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Mark Brearley & Co
Phone(s):
01274 506504

**Location
**
The property is situated at the junction of High Street (A59), and Market
Place, in an excellent town centre location.
Nearby occupiers include Tesco Express, Yorkshire Trading Company, Savers,
Hays Travel, Boots Pharmacy, Saks Hairdressers, Lloyds Pharmacy etc.
On street Car parking is available in High Street, and in the Market Place
nearby.
**Description/accommodation
**
The property comprises two ground floor retail units, let to, and occupied by
Dacre Son & Hartley (Estate Agents), and Bridgfords Estate Agents (part of
Countrywide Group), together with 5 flats (two sold on a long leasehold
basis). The property is currently producing a gross annualised rental of
£53, 760 pa Excl
The property has the following approx. Floor areas:
35A High Street (Dacres) 49. 64 sqm (534 sqft)
35B High Street (Bridgfords) 64. 24 sqm (691 sqft)
First Floor
Flat 1 (Tenanted) 2 Bedroom Flat
Flat 2 (Sold) 2 Bedroom Flat
Second Floor
Flat 3 (Sold) 2 Bedroom Flat
Flat 4 (Tenanted) 1 Bedroom Flat
Flat 5 (Tenanted) 1 Bedroom Flat
**Services
**
The property benefits from the provision of mains electric, water and
drainage. One of the flats has a gas supply.
Please Note: None of these services have been tested and prospective tenants
are advised to satisfy themselves as to their condition and type.
**Outgoings
**
We understand the property to be assessed for Uniform Business Rates as
follows: -
Address: 35A High Street, Knaresborough, HG5 0ET
Description: Shop and Premises
Rateable Value: £10, 250
Address: 35b High Street, Knaresborough, HG5 0ET
Description: Shop and Premises
Rateable Value: £14, 250
The Uniform Business Rate for 2023/2024 is 51. 2 pence in the £.
Due to transitional relief provisions, the rates payable may have no relation
to the rateable value. Interested parties are advised to check with the Local
Rating Authority as to the current rates liability.
The residential parts are assessed for Council Tax purposes under Bands A & B
**Price
**
Offers in the Region of £750, 000 Subject to Contract for the freehold
interest, and subject to lease/assured shorthold tenancy agreements. Subject
to Contract
Alternatively, the vendor will consider a sale of sections but would
particularly consider a sale excluding the flats, at a price of £425, 000
Subject to Contract
**Tenancy information can be seen on the marketing brochure
legal costs
**
Each party to be responsible for their own legal costs incurred in the
transaction.
**Energy performance certificate
**
The Energy Performance Certificates have been commissioned.
**VAT
**
The property is not elected for VAT.
**Anti - money laundering
**
In accordance with Anti - Money Laundering Regulations, two forms of id and
confirmation of the source of funding will be required from the successful
purchaser.

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