Retail premises for sale in Market Place East, Ripon HG4

Location

Ripon is a Cathedral City and historic Market Town, situated some 12 miles north of Harrogate and 16 miles south of Northallerton. The town has excellent road links, being situated on the A61 which provides quick and easy access to the A1(M).

The City is a popular tourist destination with the World Heritage sites of Fountains Abbey and Studley Royal Park close by. There is also a popular race course midway between the City Centre and the A1(M).

Situation

The property has a prime location fronting the Market Place with other occupiers in the close vicinity including Sainsbury’s, Superdrug, Boots, Specsavers, Mountain Warehouse, wh Smith, Holland & Barrett and Greggs.

Description

The property is 3 storey mid-terrace building, previously occupied by Barclays Bank. The premises comprise of a retail unit on the ground floor with office/staff accommodation on the first and second floors and basement storage. The property benefits from rear access via an alleyway to the right side.

Accommodation

The property has the following approximate internal floor areas:-

Ground Floor - 159.9 sq.m (1,722 sq.ft)
First Floor - 156.5 sq.m (1,685 sq.ft)
Second Floor - 88.2 sq.m. (949 sq.ft)
Basement - 22.1 sq.m. (238 sq.ft.)

Total - 426.8 sq.m (4,594 sq.ft)

Letting

The property is offered by way of a new full repairing and insuring lease for a term of years to be agreed at £40,000 per annum exclusive.

Sale

The freehold interest of the property with vacant possession is available at £610,000.

Rates

We understand the property is assessed as follows:-

Rateable Value £41,000

Rates reductions are available to individuals and companies and interested parties are requested to make their own enquiries with the Local Authority Rating Department.

Energy performance certificate

The property has been independently assessed and certified as falling within Band D(96). A copy of the EPC is available on request.

Planning

The property has operated as a bank for a number of years and we understand the current Use Class to be E. Planning permissio has been granted to alter and improve the frontage of the property for retail use.

Legal costs

Each party to be responsible for their own legal costs incurred in the transaction.

VAT

VAT is not applicable.