Retail premises for sale in Main Street, Skipton BD23

Location

The property is located at the southern end of Main Street, being at the main entrance to Market Place, in the centre of Grassington.

The property is immediately adjacent to Nisa Local – Convenience Store and Seb & Co, opposite the Linen & Bedding Shop, and The Smithy, and other nearby occupiers include Coffeco, No 1 The Square, Bluebell Home & Gifts, The Wine Shop, and Robert Bunney Mens & Ladies Wear.

Car Parking is available in the Market Place, and also in the large nearby Visitor Centre Car Park

Description

The property comprises two retail units, one of which is currently vacant, and offered to let at a rent of £16,000 pa, the other being subject to a lease, at the passing rent of £14,000 pa Excl.

The property also includes the freehold of two first floor flats, which have been sold on a long leasehold basis.

Accommodation

According to our measurements taken on site, the property offers the following net internal floor areas:-

Shop Unit 1 45.03 sqm (485 sqft)

Shop Unit 2 51.93 sqm (559 sqft)
__________ __________
Approximate Total Net
Internal Floor Area 96.96 sqm (1,044 sqft)
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The upper floor contains two self-contained flats, which have been sold on a long leasehold basis.

Services

The property benefits from the provision of mains electric, water and drainage.

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: 1 Main Street, Grassington, BD23 5AD
Description: Shop and Premises
Rateable Value: £12,750

Address: 3 Main Street, Grassington, BD23 5AD
Description: Shop and Premises
Rateable Value: £11,750

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.

Leases

Unit 1 - is let to a local covenant, on a full repairing and insuring lease, which expires in September 2024, at a current passing rent of £14,000 pa Excl. The landlord is negotiating a new lease.

Unit 2 - is currently vacant.

The upper floor flats have been sold on a long leasehold basis.

Price

£385,000 Subject to contract, and the terms of the lease of Unit 1 – see “leases” above.

Legal costs

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

Energy performance certificate

The Energy Performance Certificate (EPC) ratings for the property are:-

Unit 1 C - 63
Unit 2 D - 94

VAT

All prices and rentals quoted are exclusive of any VAT liability – if applicable.

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 tenant.