Three storey investment opportunity in the heart of Pickering currently fully let and producing a healthy income comprising a ground floor well known public house and two self contained flats on the upper floors. The Grade II listed property stands prominently within the town and offers an excellent opportunity for those looking to invest.
LOCATION/DIRECTIONS Pickering is a pleasant market town at the foot of the North York Moors National Park, offering a wide selection of shops, schools and amenities. There are good road links to the east coast and the neighbouring market town of Malton where there is a regular rail link to the City of York.
Best found by leaving the town from the Forest & Vale roundabout on the A170 Kirkbymoorside direction. Shorty after the roundabout take a right turn onto Smiddy Hill where The Lettered Board can be found on your left.
SERVICES All mains services are connected to this property.
COUNCIL TAX Band A £1,279.13
BAR AREA 37' 0" x 24' 8" (11.3m x 7.5m) Entrance hall leading to a substantial seating area and well stocked bar, two front windows, fireplace, door leading to stairs down to the beer cellar, door into toilets and opening onto the games area.
GAMES AREA 24' 3" x 11' 7" (7.4m x 3.5m) Currently equipped with pool table and games machine, access to rear patio area, door into WC.
OUTSIDE Part covered patio area to the rear of the building.
PRIVATE ENTRANCE HALL Stairs off to living accommodation.
FIRST FLOOR APARTMENT ONE
KITCHEN/LIVING ROOM 17' 5" x 11' 3" (5.3m x 3.4m) Modern range of base and wall units, built in oven, hob and extractor fan, living area, radiator, two rear windows.
BEDROOM ONE 11' 11" x 9' 6" (3.6m x 2.9m) Front windows, fitted wardrobe, radiator.
BEDSIT/BEDROOM TWO 14' 6" x 12' 2" (4.4m x 3.7m) At present used as a bedsit generating another income with shared use of the bathroom..
BATHROOM 11' 11" x 8' 7" (3.6m x 2.6m) Two piece suite and separate shower cubicle, two rear windows, radiator, plumbed for a washing machine.
EPC Rated D (although this property does not require an EPC a full report is available)
SECOND FLOOR APARTMENT TWO
LIVING ROOM 12' 3" x 11' 1" (3.7m x 3.4m) Front window, radiator.
KITCHEN 17' 5" x 11' 4" (5.3m x 3.5m) Modern wall and base units, built-in cooker, hob and extractor hood, two rear windows, radiator.
BEDROOM ONE 13' 7" x 7' 11" (4.1m x 2.4m) Front window, radiator.
BEDROOM TWO 12' 9" x 12' 2" (3.9m x 3.7m) Front window, radiator.
BATHROOM 11' 2" x 8' 0" (3.4m x 2.4m) Two piece suite, separate shower cubicle, towel rail radiator, rear window.
EPC Rated E (although this property does not require an EPC a full report is available)
TENANCY AGREEMENTS 7a Smiddy Hill Flat Term: 12 mths commencing 1/12/17 ending 31/5/2018 £525 plus bills
7a Smiddy Hill Bedsit Term: 6 mths commencing 1/11/17 ending 31/12/2018 £268 including bills
7b Smiddy Hill Flat Term: 12 mths commencing 2018 ending 8/11/2019 £470 including bills
At the end of initial term tenancies are on a month rolling basis
7 Smiddy Hill Pub Term 3 yrs from Aug. 19 with break at 1st anniversary £2,500 per month plus bills
VAT VAT may be payable on the commercial part of the building.