46 Market Place
Thirsk
North Yorkshire
YO7 1LH

Freehold Retail and Residential Investment

  • Shop let to Blue Cross on a new 10 year lease (2)
  • Includes two separately let 2 bedroom flats
  • Prominent position close to Greggs, Caffè Nero, a Co-op supermarket, Holland & Barrett and JD Wetherspoon
  • Attractive and affluent North Yorkshire market town
  • VAT-free investment
  • Lot
    1
  • Auction
    23/May/2019
  • Rent
    £29,100 per Annum Exclusive
  • Status
    Sold
  • Price*
    £340,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of a Major Property Company

Important Auction & Property Update
  • 46 Market Place<br>Thirsk<br>North Yorkshire<br>YO7 1LH
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  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
10 miles south of Northallerton
11 miles north-east of Ripon
20 miles north of York
Roads
A61, A19, A168, A170, A1(M)
Rail
Thirsk Railway Station
Air
Leeds & Bradford Airport
Durham Tees Valley Airport
Situation

Thirsk is an attractive and affluent North Yorkshire market town, home to the historic Thirsk Racecourse. Thirsk is located between the North York Moors and Yorkshire Dales National Parks, 8 miles east of the A1(M). The property is located on the southern side of Market Place, the town's principal retailing thoroughfare, 200 metres from the James Herriot Visitor Centre. Market Place provides public car parking. Nearby occupiers include Greggs, Caffè Nero, a Co-op supermarket, Holland & Barrett and JD Wetherspoon, with WHSmith and Boots the Chemist also represented within the town.

Tenure

Freehold.

Description

The property comprises a ground floor shop with two separately accessed 2 bedroom flats on the first and second floors. The flats are separately accessed from Market Place.

VAT

VAT is not applicable to this lot.

EPC

Band D. See the legal pack at acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
GroundRetail/
Ancillary
78.55 sq m
(845 sq ft)
BLUE CROSS (1)10 years from
06/03/2019 (2)
£18,000 (3)06/03/2024
FirstResidential
2 Bedrooms, Kitchen and Bathroom
INDIVIDUALAST for one year
from 01/09/2017
£6,000 
SecondResidential
2 Bedrooms, Kitchen and Bathroom
INDIVIDUALAST for one year
from 10/04/2016
£5,100 (4) 
Total Commercial Area
78.55 sq m
(845 sq ft)
  £29,100 

(1) For the year ended 31st December 2017, Blue Cross reported no turnover, pre-tax profits of £4,961,000 and a total net worth of £65,604,000 (Source: Experian 26/04/2019). Blue Cross has been helping sick, injured, abandoned and homeless pets since 1897 and cares for around 40,000 pets every year. They currently operate from approximately 54 stores in the UK in locations including Harpenden, Bicester, Shrewsbury, Egham, Farnham, Weybridge, Marlborough and Trowbridge (Source: www.bluecross.org.uk 11/04/2019).
(2) The lease provides for a tenant option to determine at the 5th anniversary of the term.
(3) The tenant is currently benefiting from a 12 month rent-free period due to expire on 5th March 2020. The Vendor has agreed to adjust the completion monies so that the shop effectively produces £18,000 p.a. from completion of the sale until the end of the rent free period.
(4) Rent increase from £4,800 pa to £5,100 pa has been agreed by the tenant but not documented.

Property Documents

  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    896 KB
    View PDF
  • Site Plan
    Updated Date
    01.05.19
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP One St Peter's Square
Manchester
M2 3DE
Briana Scally 0161 934 6473briana.scally@addleshawgoddard.com

Useful Links

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