3 Westgate, Ripon, HG4 2AT
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- Freehold Investment Opportunity
- Substantial Mixed Use Premises
- Deceptive Commercial Unit
- Two Bedroom First Floor Flat
- Prominent Position on Busy Street
- Just off Ripon Market Place
- Coud Suit a Range of Businesses
- Excellent Income Potential
- All Mains Services. Basement.
- Vacant Possession on Completion
Description
A rare opportunity to acquire a substantial mixed use freehold building with vacant possession upon completion. The property offers extensive retail/service space at street level together with ancilliary facilities and a spacious two bedroom flat on the first floor and is superbly located just off Ripon market place.
The ground floor unit is currently operating as a successful hair salon (A1 business use) but could suit a variety of other uses, subject to obtaining the nessary consents. We understand permission was granted in 2023 for the change of use to a restaurant - reference: 22/04843/FUL. This attractive building could suit a wide range of buyers, having particular appeal for business owners who seek the long term security of having full control over their premises. From an investor's perspective, the commercial unit and first floor flat can be let separately and we estimate the potential total income could be in the region of £25,000 per annum, giving a yield of 8.4% at the asking price. Mains gas, electric and water are connected at the property.
The ground floor, street level, benefits from good size shop window area with an approx. 25ft wide frontage onto Westgate, taking advantage of the good footfall on this busy thoroughfare. The generously proportioned and open-plan 'shop floor' of the commercial unit is superbly presented and complimented by staff facilities, useful first floor treatment rooms or ancilliary office accommodation and basement storage.
The first floor flat has its own private ground floor entrance with access from Westgate. The accommodation comprises a hallway, sitting room, fitted kitchen, two bedrooms, WC and separate shower room.
Brochures
Brochure 13 Westgate, Ripon, HG4 2AT
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Thirsk Station8.9 miles
About the agent
Solo Property Management, Ripon
13 Fishergate Ripon HG4 1EA
If you are thinking of selling or renting out your property and want a local team of property experts on your side, why not call in or get in touch to have a chat or arrange a no obligation valuation. You'll be glad you did...
SOLO is an independent local estate agent brimming with enthusiasm and passion for sales and lettings around the Ripon area in beautiful North Yorkshire.
As experienced local property experts, we take the time to understand your needs and provide realistic
Industry affiliations
Notes
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