4 Frenchgate, Richmond, DL10 4JG

Mixed-Use Investment Opportunity Near Richmond Market Place – Shop/Office & 3-Bedroom Flat.

A Mixed-Use Investment Property just off Richmond Market Place, a thriving market town and popular tourist destination.

To the Ground floor, is a 217 sq ft (20.16 sq m) shop/office, currently let on a lease of £400pcm, until April 2027. We are reliably informed that the lease will not be renewed.

A separate courtyard entrance leads to a two floor, large 3-bedroom flat, currently vacant and requiring a scheme of refurbishment.

Accommodation comprises: Kitchen, Bathroom, 2 x Bedrooms to the First Floor. The Second Floor provides Lounge, 1 x Bedroom.

Following refurbishment, the property would present at strong yield opportunity as a private rental, or as a holiday let for the tourism market.

We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.

The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.

All photographs and measurements have been taken as a guide only and are not precise.

We ask all parties to complete full due-diligence on any auction property by reading a full pack prior to bidding.

Come auction day (3rd November), you must be in a position to legally exchange contracts at the fall of the gavel, a 10% deposit (£5,000 min) is required and completion is set for 14 days later.

You must be registered to bid, Please note that previous purchases, interest or registration through the Auction House Brand are not valid for a forthcoming auction and therefore you MUST register your interest with the office on 01642 843965.

Please also note that holding an EIgroup account will not give you bidding authorisation, this authorisation can only be granted via the Tees Valley branch once all forms, documentation and completed ID checks have been received at [email protected].

for any further assistance, please do not hesitate to contact us in the office.

EPC: 4 Frenchgate EPC D

Tenure

See Legal Pack

Auctioneers Notes

Property construction – Standard Electricity supply – Mains Water supply – Mains Sewerage – Mains Heating – Gas Broadband - Standard Speed – 17 mbps Mobile signal / coverage –O2 - Very Good /EE - Very Good/Vodafone - Good/Three – Good Parking – On Street Building Safety – See Legal Pack- Restrictions – Yes –See Legal Pack Rights and easements - See Legal Pack Flood risk – Low Coastal erosion – Very Low Planning permission – See Legal Pack Accessibility / adaptions – See Legal Pack Coalfield or mining area - See Legal Pack

Local Authority

Richmondshire District Council

Solicitors

Waterstone Partnership Solicitors, 61 Duckworth Lane, Ref: Waterstone Partnership Solicitors, Tel: 01274 652555

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.

Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - 1.8% inc VAT of the purchase price, subject to a minimum of £1800 inc VAT, payable on exchange of contracts.

Administration Charge - £1800 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.