Offers in region of
£165,000
(£138.66/sq. ft)
Retail premises for saleCommercial Street, Norton YO17
1,190 sq. ft
Just added
About this property
Ground Floor retail unit with Flat above.
Prominent position on Commercial Street.
Fully let mixed use investment.
Combined rental income of £18,000 pax.
Net initial yield of 10.70%.
Location
The property occupies a prominent position on Commercial Street in Norton-on-Derwent, an established town adjoining the market town of Malton. Commercial Street comprises a mix of independent retailers, convenience stores, food operators and local service businesses, with the recently opened Aldi supermarket further enhancing the area’s retail offer and attracting additional footfall.
Norton benefits from a strong local residential catchment and close proximity to Malton town centre, providing access to a wider range of retail, leisure and transport amenities. The A64 is located nearby, offering convenient access to York, Scarborough and the wider regional road network, while Malton railway station provides rail connections to York, Leeds and the Yorkshire coast.
Description
The property comprises a mixed use building arranged over three floors, incorporating a ground floor retail unit with a self contained three bedroom flat above. The property is fully let, providing an investor with two established rental income streams from the commercial and residential accommodation.
The ground floor retail unit provides a sales area with a partitioned rear stockroom, WC and basement storage area. The residential accommodation is arranged over the first and second floors, with separate rear access, a fitted kitchen, three bedrooms and a bathroom.
Tenancies
The retail premises are let to a private individual at a passing rent of £10,800 per annum (£900 per month). The lease which is excluded from Sections 24-28 of the Landlord & Tenant Act 1954 commenced on 1 October 2026 and expires on 30 June 2031. The permitted use is as a retail shop (mini-market).
The three bedroom flat is let on a monthly periodic assured shorthold tenancy commencing on 1 May 2026, at a rent of £7,200 per annum (£600 per month). A copy of the tenancy documents can be provided on request.
The combined rental income is therefore £18,000 per annum.
Price
We are instructed to seek offers in the region of £165,000 (one hundred and sixty five thousand pounds) subject to contract and exclusive of VAT for the freehold interest in the property. This would show a purchaser a net initial yield of 10.70% allowing for the normal costs of acquisition.
The property occupies a prominent position on Commercial Street in Norton-on-Derwent, an established town adjoining the market town of Malton. Commercial Street comprises a mix of independent retailers, convenience stores, food operators and local service businesses, with the recently opened Aldi supermarket further enhancing the area’s retail offer and attracting additional footfall.
Norton benefits from a strong local residential catchment and close proximity to Malton town centre, providing access to a wider range of retail, leisure and transport amenities. The A64 is located nearby, offering convenient access to York, Scarborough and the wider regional road network, while Malton railway station provides rail connections to York, Leeds and the Yorkshire coast.
Description
The property comprises a mixed use building arranged over three floors, incorporating a ground floor retail unit with a self contained three bedroom flat above. The property is fully let, providing an investor with two established rental income streams from the commercial and residential accommodation.
The ground floor retail unit provides a sales area with a partitioned rear stockroom, WC and basement storage area. The residential accommodation is arranged over the first and second floors, with separate rear access, a fitted kitchen, three bedrooms and a bathroom.
Tenancies
The retail premises are let to a private individual at a passing rent of £10,800 per annum (£900 per month). The lease which is excluded from Sections 24-28 of the Landlord & Tenant Act 1954 commenced on 1 October 2026 and expires on 30 June 2031. The permitted use is as a retail shop (mini-market).
The three bedroom flat is let on a monthly periodic assured shorthold tenancy commencing on 1 May 2026, at a rent of £7,200 per annum (£600 per month). A copy of the tenancy documents can be provided on request.
The combined rental income is therefore £18,000 per annum.
Price
We are instructed to seek offers in the region of £165,000 (one hundred and sixty five thousand pounds) subject to contract and exclusive of VAT for the freehold interest in the property. This would show a purchaser a net initial yield of 10.70% allowing for the normal costs of acquisition.
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Monthly repayment
£825 per month
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