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- Excellent investment opportunity
- Part ground floor retail unit with first floor flat
- Self contained 1-bedroom apartment
- Well-positioned in the centre of Malton
- Generating an annual income of £8
LOCATION AND SITUATION
The property sits directly off Wheelgate and centrally within the market town of Malton. The property comprises part of the ground floor of 64 and the first floor flat at 62, Wheelgate.
Malton is credited as the 'Food Capital' of Yorkshire and offers excellent range of shops, cafes, restaurants, hoteliers, recreational and leisure facilities. The town also benefits from health care and educational centres as well as good transport links with the A64 in close proximity and railway station providing access to York and the coast.
The historic city of York is situated approximately 18 miles south west and is easily accessible by rail or road. The city provides high quality range of services and amenities and being a commercial hub of the region, is home to a number of local, regional and national firms. The city also benefits from mainline rail service providing access to London and Edinburgh in under 2 hours.
Further facilities can be found in the nearby market towns of Pickering, Kirkbymoorside and Helmsley, all located within a 16-mile radius.
The property comprises part of the ground floor retail unit at No. 64 together with a first floor flat at No. 62A, Wheelgate, Malton.
The retail element is let on a commercial tenancy to Parnaby's of Malton which runs until 2027 at a rent of £3,000 pa. It is operated together with their existing business which comprises a Saddlery and Country Clothing shop.
The first floor comprises a one-bedroom flat currently let on an AST at a rent of £5,400 per annum. The property benefits from separate access and briefly comprises kitchen/diner, living room, bedroom and bathroom.
The property offers an excellent and genuinely rare opportunity to purchase an investment property within the centre of Malton. The property currently generates an annual income of £8,400 per annum and offers scope to create standalone unit or continue to operate in its current form.
BY PRIVATE TREATY
GUIDE PRICE: £120,000