Mixed-Use Investment Opportunity

A mixed-use investment property located just off Richmond Market Place, a well-known market town and popular tourist destination. The ground floor comprises a 217 sq ft (20.16 sq m) shop/office, currently let on a lease of £400pcm until April 2027, with the lease not being renewed. A separate courtyard entrance leads to a two-floor, three-bedroom flat which is currently vacant and requires refurbishment. The first floor of the flat includes a kitchen and a bathroom, with two bedrooms. The second floor comprises a lounge and one bedroom. Post-refurbishment, the property is well-suited for private rental or as a holiday let, offering a strong yield opportunity in the tourism market. The local authority is Richmondshire District Council. Buyers should be aware of additional fees, including a buyer's premium of 1.8% inc VAT (minimum £1800 inc VAT) and an administration charge of £1800 inc VAT, both payable on exchange of contracts. Disbursements may also be payable on completion, as detailed in the legal pack.