Commercial property with 7 units and land

This high-yielding industrial site comprises a larger building of 933 sq m (10,043 sq ft) arranged as 7 units, together with a separate stand-alone unit of 143 sq m (1,538 sq ft), plus external parking and land. The property is offered for sale by traditional auction. Six of the eight units are currently occupied, generating a gross rental income of £80,839 per annum. Once the remaining two units are occupied, the site has the potential to generate in excess of £100,000 per annum, making this an attractive addition to a commercial investment portfolio. Located on Stonebridgegate, the property is close to Ripon town centre and benefits from excellent regional connectivity via the A1(M), with Harrogate, York, Leeds and the wider Yorkshire region all readily accessible. The property is not subject to VAT and a six-week completion timeframe applies. The property has ground floor units comprising six units in the larger building and one unit in the separate building. The first floor has one unit in the larger building and a mezzanine floor in the separate building. Externally, there is land and parking. The local authority is North Yorkshire Council. EPC ratings are C & D. The tenure is Freehold. There is an administration charge of 1.5% inc VAT of the purchase price subject to a minimum of £2,100 inc VAT. Additional fees may apply, please see the legal pack for details.