Freehold Investment for Auction North Yorkshire HG1 £80,000

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Auction date: Thu, 14/03/2024 - 15:00

An investment opportunity to purchase the freehold of this Victorian building, comprising of a ground floor retail unit and first and second floor maisonette which has been sold off on a long lease. The shop is let paying a rent of £12,000 per annum with their lease expiring in July 2025. There is the scope for the property to be updated, which could enhance the rental income. The maisonette has been sold on a long lease of 124 years from 25th December 2004 paying a ground rent of £100 per annum and a service charge of 50% of the whole. Tenure Freehold subject to the existing tenancy. 

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