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Retail & Residential Investment, The Royal Oak, 13 Market Place, Thirsk, YO7 1HQ

2,928 Sq Ft / Retail / Investment

For Sale - £950,000.00

Available - Last updated: 14 May 2024

Located in the market town of Thirsk, this Grade II Listed mixed-use property comprises of part 3-storey and part 2-storey premises. The property, which is understood to have been built in the 18th Century, originally as a hotel, is of brick construction, with rendered frontage, rustication and panelling. The building fronts Market Place with return frontage to 1-3 Bakers Alley.

The residential flats are accessed via the shared entrance lobby which also provides access to the rear car park / yard area.

The property benefits from an off street surfaced car park to the rear which is accessible through the front passageway.

Location

The subject property is located within the North Yorkshire market town of Thirsk, situated between the North Yorkshire Moors and the Yorkshire Dales National Parks. Thirsk is approximately 24 miles north of York and 38 miles north of Leeds. The A1 is approximately 8 miles to the East and local public transport provides reasonable transport links.

The property is positioned just off Market Place, Thirsk, surrounded by a variety of local amenities ranging from a mixture of local independent retail, food & Beverage and office premises to larger national operators including Co-op Supermarket, Café Nero, Greggs, William Hill and Boots.

Accommodation

Commercial

Unit 1, 2 & 3 - Restaurant - 1,699 sq ft

Unit 4, 5 & 6 - Opticians - 816 sq ft

Unit 7 - Travel Agency - 413 sq ft

The property comprises of three separately let retail units. Unit 1,2 and 3 is let as a Thai restaurant encompassing a dining area, bar, kitchen and toilets. There is also a first-floor storage area demised to the restaurant that is separately accessed.

Unit 4, 5 and 6 is let to Scrivens Opticians which comprises of a main sales area, kitchen, WC and rear ancillary storage rooms.

Unit 7 is let as a travel agent including a main sales area, separate kitchen and WC to the rear and basement room.

Residential

5x Flats

The residential element of the property is made up of two 1-bed flats (no.1 and no.3) and three 2-bed flats (no.2, no.4 and no.5) which are split across first and second floor above the travel agents and opticians, which are accessed through the communal entrance and hallway to the front of the property.

Terms

The property is offered for sale on a freehold basis, subject to existing tenancies at a guide price of £950,000.

It is understood that VAT is applicable on this property.

Business Rates / Council Tax - Interested Parties are advised to make their own enquiries in this respect.

Residential flats:

Flat no.1, 2 and 3 - Council Tax Band A
Flat no. 4 and 5 - Council Tax Band B

Tenancies - See attached brochure for information.

Specification

  • Mixed-Use Retail and Residential
  • Fully Let
  • Income £67,380 pa
  • Rear Car Park
  • Grade II Listed
  • Busy Market Town Location

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Freehold £950,000.00 NA

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Contact agents

Commercial Team

Adair Paxton

0113 347 0151



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