Light industrial for sale

Stonebridgegate, Ripon, North Yorkshire HG4

This high-yielding industrial site comprises a larger building of 933 sq m (10,043 sq ft) arranged as 7 units, together with a separate stand-alone unit of 143 sq m (1,538 sq ft), plus external parking and land. The property is offered for sale by traditional auction.

6 of the 8 units are currently occupied, generating a gross rental income of £80,839 per annum. Once the remaining 2 units are occupied, the site has the potential to generate in excess of £100,000 per annum, making this an attractive addition to a commercial investment portfolio.

Located on Stonebridgegate, the property is close to Ripon town centre and benefits from excellent regional connectivity via the A1(M), with Harrogate, York, Leeds and the wider Yorkshire region all readily accessible.

Please note that Auction House has not been able to inspect the whole property. The floorplan and unit sizes have been provided by the selling clients. Whilst we believe these provide a good reflection of the property, we cannot confirm their complete accuracy and buyers are advised to do their own research in this regard before bidding.

The property is not subject to VAT and a six-week completion timeframe applies.

Accommodation

Ground Floor

Larger building: 6 x units
Separate building: 1 x unit

First Floor

Larger building: 1 x unit
Separate building: Mezzanine floor

Externally

Land and Parking

Additional Information

Local Authority

North Yorkshire Council

EPC Ratings

C and D

Tenure

Freehold

Charges And Payments

In addition to the deposit
Administration Charge: 1.5% inc VAT of the purchase price subject to a minimum of £2,100 inc VAT.

Disbursements

Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.