Double fronted retail premises on a main pedestrian shopping precinct which would suit a number of users.
This property is a commercial conversion development opportunity. It has planning permission granted for 2 shops and 4 apartments and it is sold vacant.
The classification for this property is currently A1 with permission to convert to A3 and A5 (which are takeaways and restaurants respectively).
There are also no empty shops in the vicinity which means it is the prime location to turn this property into a great business.
Achievable rent for a studio apartment: £1800 pcm
Achievable rent for a studio apartment: £21,600
Total achievable rent per year: £57,600
Achievable yield: 19.2%
Commercial Property
30 Kirkgate, Tadcaster, North Yorkshire, LS24 9AD
WHY INVEST IN THIS PROPERTY
Tadcaster is conveniently between Leeds and York benefiting from the A64 and A1 motorway which are both in close proximity.
Spacious restaurant and living accommodations spread across 3 storeys right in the heart of the town centre.
The property lends itself to being split into multiple units, both commercial and residential, which would be subject to planning permission that has not been sought at this time.
Variety of activities to get stuck into, from a luxurious spa day at the Siam Thara Thai Beauty Spa to a jam-packed day of fun at the Yorkshire Activity Centre.
Many attractions to be in awe over, including the National Railway Museum and Hazelwood Castle.
Endless food places to be able to indulge in all cuisines.
Total Achievable Market Rental Income per Annum: £24,192
Potential yield: 6.9%
The potential rental income displayed on this website has been prepared for information purposes only by Redmayne Smith and should not be relied upon as a basis of any contract or commitment. Information contained herein is believed to be correct but cannot be guaranteed. No personal recommendation is being made to you and the past is not necessarily a guide to the future. Purchasers are required to conduct their own due diligence and make their own judgement on the property being offered. Purchasers must verify the property particulars and any speculative information offered. Purchasers are encouraged to perform their own financial and legal assessment of any opportunity prior to making any commitment to participate. In case of queries or doubt you should consult an independent investment adviser.
The potential rental income displayed on this website has been prepared for information purposes only by Redmayne Smith and should not be relied upon as a basis of any contract or commitment. Information contained herein is believed to be correct but cannot be guaranteed. No personal recommendation is being made to you and the past is not necessarily a guide to the future. Purchasers are required to conduct their own due diligence and make their own judgement on the property being offered. Purchasers must verify the property particulars and any speculative information offered. Purchasers are encouraged to perform their own financial and legal assessment of any opportunity prior to making any commitment to participate. In case of queries or doubt you should consult an independent investment adviser.