Castlegate, Knaresborough, HG5
An attractive and characterful Grade II listed mid terraced property which offers an ideal investment opportunity to acquire two separate self-contained apartments together with a ground floor retail unit situated within level walking distance just off the market square.
An ideal investment opportunity to acquire a substantial Grade II listed mid terrace property situated within the heart of Knaresborough's historic market town where there is excellent shopping and recreational facilities together with a swimming pool, primary and secondary education and also a railway station with mainline links. The southern bypass is also convenient and offers access to the principal commercial centres of North and West Yorkshire.
The property comprises an income when fully let of £25,620 per annum. The ground floor retail unit is currently let to the Yorkshire Soap Company Ltd for a term of years beginning on and including 1st June 2016 and ending on and including the 31st May 2021 with a current annual rent of £10,500 per annum.
This is a particularly spacious and characterful two bedroom first and second floor duplex apartment with its own private entrance. There is a spacious sitting room with small study area off, a well proportioned dining kitchen and on the half landing there is a house bathroom.
To the second floor there are two double bedrooms with feature exposed ceiling timbers and this was last let on an assured shorthold tenancy and becomes empty on the 6th January 2021 and was last let at £710 pcm.
The Studio, 5 Castle Yard, Knaresborough, HG5 8AS is situated to the rear of 11A Castlegate and has its own private parking space and outside seating area. This has one double bedroom, a spacious bathroom and a living kitchen and is currently let on an assured shorthold tenancy agreement of £550 pcm.
Adjoining the studio there are two further car parking spaces, one for the flat and one for the shop.
Would prospective purchasers please note the EPC rating for the ground floor commercial unit is B. Certificate Number 0072-9579-8418-1435-5782.
From our office, proceed up the High Street turning right into Gracious Street, turn right into Cheapside and continue along which in turn becomes Castlegate where the property will be seen on your left hand side clearly marked by our V-Board.