£235,000

59, Commercial Street, Norton, Malton

Details

General information
The property benefits from a ground floor lock up shop premises trading as Todays Drinks/Corks and Cans and has done so for a good number of years. Briefly including large and spacious sales and display with generous storage facility to the rear.
Fully self contained external front door to the right of the retail premises allows staircase access upto the first and second upper floors. There are two bedsitting units on the first floor and two on the second floor, each of the units share kitchen and bathroom facilities located on the first floor. We are informed by the vendor that all statutory permissions with both Ryedale District Council and the local Fire service are in place.

Lease and current fee income
The retail premises is let under a repairing lease at £12000 per annum commencing October 2016 for a 12 year term until 2028. A copy of the lease is available to genuinely interested parties post viewing the property.
The bedsits are currently (and mostly) full at an inclusive weekly rent of 3x £75 and 1x £100, therefore £16900 per annum if fully let. It must be noted that these are gross figures and that the landlord is responsible for outgoing/utility costs.