5 NEWMARKET STREET, SKIPTON BD23 2HX

Type:

Area:

City: Skipton

Price: £395,000

Rental/Purchase Terms: Offers in Region Of

Property Details

LOCATION:

The property is located on Newmarket Street in Skipton town centre close to the junction with High Street, the principle shopping street of the town.  Newmarket is one of the main routes into the town from the East.

 

DESCRIPTION:

The property comprises a substantial stone built property under a Yorkshire slate roof.  The ground floor and part first floor is used as a hairdressers and trades as Saks, the nationally recognised chain.  The first and second floors are two self-contained vacant flats which would benefit from updating.  The flats are accessed via a separate entrance at the rear.  Outside there is a small stone built store.

 

ACCOMMODATION:

The accommodation briefly comprises:-

Ground Floor sales                                    750 sq ft                     69.7 sqm

First Floor staff                                          113 sq ft                     10.5 sqm

Toilet

 

First Floor Flat comprising kitchen, bathroom, living room, bedroom

Second Floor Flat comprising kitchen, bathroom, living room, 2 bedrooms

 

LEASE TERMS:

The ground and first floor is let to J M Goddard trading as Saks for a term commencing on 19 August 2015 and terminating on 31 August 2025.  The annual rent is £17,000 per annum plus VAT payable monthly in advance.  There is a tenant break on 31 August 2020.  There is a rent review on 1 September 2020.  The lease is on an internal repairing and insuring basis with a service charge capped at £500 per annum.

The flats are vacant.

 

PRICE:

Offers in the region of £395,000 are invited for the freehold interest.

 

LEGAL COSTS:

The ingoing tenant will be responsible for both parties legal costs incurred in the transaction.

 

VAT:

The property is registered for VAT.

 

VIEWING:

Strictly by appointment through this office.

 

 

SUBJECT TO CONTRACT AND AVAILABILITY

ALL DIMENSIONS AND AREAS ARE APPROXIMATE

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