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Guide price

£400,000

(£160.77/sq. ft)

Retail premises for sale

Market Street, Pocklington YO42
2,488 sq. ft

Guide price

£400,000

(£160.77/sq. ft)

Retail premises for sale
Market Street, Pocklington YO42

    • 2,488 sq. ft

About this property

    Location:
    Pocklington is a popular market town in the East Riding of Yorkshire, located approximately 15 miles east of York. The subject premises are situated on Market Street in the centre of town.

    Description:
    A brick built three-storey, mid-terrace property under a pitched roof with ground floor retail premises and two separate residential flats to upper floors.

    Retail unit:
    Two glazed display windows and central recessed entrance door leading to immediate sales/bar area. Includes kitchen and WCs to rear. Staircase leading to part first floor storeroom.

    Residential:
    Two flats each with two bedrooms, lounge/reception, kitchen and shower room.

    Net Internal Area (NIA):

    Ground Floor & Part 1st Floor: 113.4 m² (1,221 sq ft) approx.
    Residential Flat 1: 63.2 m² (681 sq ft) approx.
    Residential Flat 2: 54.4 m² (586 sq ft) approx.

    Total: 231.0 m² (2,488 sq ft) approx.

    Rating:
    From the voa Rating List - 2023 Rateable Value (rv) for the retail premises is £9,300

    This is not what you pay and is eligible for 100% small business rates relief to qualifying Tenants. Interested parties should make their own enquiries with East Riding of Yorkshire Council.

    Council tax:
    The Council Tax Band for the residential flats known as 73A/73B are both under Band A.

    Interested parties should make their own enquiries with East Riding of Yorkshire Council.

    Tenure:
    Freehold Interest.

    Tenancy info:
    The retail premises are let to Leisureland (Bridlington) Ltd trading as Beach House Bar on a Full Repairing & Insuring Lease for a term of two years from 04.02.25 at £14,400 per annum exclusive.

    The two residential flats are let on separate Tenancy Agreements at £650 pcm each, which produces an annual rental income of £15,600.

    Total rental income is £30,000 per annum.

    Further details available on request.

    Price:
    We are inviting offers of £400,000 subject to contract and occupational Lease/tenancy agreements.

    Legal costs:
    Each party to be responsible for their own legal costs in connection with the sale.

    E.P.C:
    Ground Floor Retail Premises:
    Rating: B

    Residential Flat (73A)
    Rating: E

    Residential Flat (73B)
    Rating: E

    More information

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