For Sale

11 & 13 King Street, Richmond DL10 4HR

2,492 Sq Ft
£295,000
  • Ref: CPNE_102040
  • Type: Retail
  • Availability: For Sale
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Property Features

  • INVESTMENT / CONVERSION
  • Mixed Retail & Office Opportunity
  • Short term investment
  • Potential conversion to residential STP
  • Independent access to first floor
  • Attractive stone period building
  • Currently producing £26,400 pax

Property Summary

Richmond North Yorkshire is a popular and historic market town situated approximately 13 miles south of Darlington with convenient transport links across the region via the A1(M) and A66. It has an active town centre at the gateway to Swaledale, Teesdale and the Yorkshire Dales....

Full Details

Richmond North Yorkshire is a popular and historic market town situated approximately 13 miles south of Darlington with convenient transport links across the region via the A1(M) and A66. It has an active town centre at the gateway to Swaledale, Teesdale and the Yorkshire Dales. The property lies within the town Conservation Area and the rear of the property overlooks the old town walls.

The town centre is 100 yards to the south with an extensive range of local, regional and national retailers. The market square hosts free disk parking. https://www.richmond.org/

The property comprises an imposing 4-storey property with multi pitched slate roofs. The ground floor shop has high ceiling and extensive return shop window frontage onto King Street with side access. The uppers have been used as offices with independent access off King Street and offer a mix of open plan and private offices.
The Property is not Listed.

POTENTIAL CONVERSION
Subject to change of use, the upper parts may offer a fantastic opportunity for Air BnB conversation or for private residential use or re letting at the end of the term. The property retains many of its attractive original features and has been well maintained. Further details upon request.

TENANCY INFORMATION
No.13 (Shop) Let to McKenzie Thorpe £18,800pax on a short-term lease from April 2022.

No.11 (Upper Offices) Let to McClarrons £7,600pax on a 6 yr lease expiring July 2023.

PRICE
Offers in excess of £295,000 (Two Hundred & Ninety-Five Thousand Pounds) exclusive, Subject to Contract reflecting a Net Initial yield of 8.68% after purchasers’ costs at 3.14%.




Accommodation:
Ground floor sales : 497.00 sqft
Kitchen wc: 90.00 sqft
First floor offices (4 rooms): 840.00 sqft
Second floor offices (2 rooms): 490.00 sqft
Attic kitchen / stores : 575.00 sqft
Total: 2,492.00 sqft