Property · YO17 7LP
For saleListed 524 days
Opportunity summary
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About
DESCRIPTION / BACKGROUNDThe sale of The Vines presents a genuinely unique opportunity to purchase a predominantly positioned, commercial premises within the Market Place of Malton.
The property has been operated by McClarrons Insurance and utilised as office space, but it lends itself to a variety of uses.The Vines is an iconic building within Malton, constructed in the mid-18th century of red brick under pantile roof with decorated rendered gable end and metalled railings to the front.
The famous “Traditional Yorkshire Pudding Recipe” is painted on the gable end, but the property has history as a public house.
It now offers the opportunity to develop a superb business premises or residential opportunities subject to the necessary consents.The accommodation is well-presented and extends over four floors, to approximately 4,300ft2 including open plan and individual office spaces, boardroom, reception and associated storage, kitchen and bathroom facilities.
A number of period features have been retained throughout with the property Garde II listed.
To the ground floor there is a well-proportioned reception with office space, boardroom, kitchen and bathroom facilities.
A basement level offers excellent storage space with benefit of separate external access point.
To the first and second floors there are a range of open plan and individual offices and boardroom as well as bathroom facilities.
LOCATION The Vines comprises a landmark property, located at 29 Market Place and within the heart of the market town of Malton.
It enjoys attractive outlook over the Market Place and benefits from a prominent position within the town.Malton is a vibrant market town, steeped in history and with a reputation as the food capital of Yorkshire, with its weekly market days, food production industries and annual food festivals.
It is a haven for visitors, with numerous places to eat and drink and with easy parking - for shoppers to browse its many quirky High Street shops and independent retailers, cafes, pubs and restaurants.The town has excellent transport links to the cities of York, Leeds and Hull all within a 40-mile radius along with a very efficient train service to London Kings Cross and Edinburgh Waverly providing quick and easy access in less than 2hrs.Approximately 18 miles south is the Historic City of York offering a wider range of services and amenities including range of hoteliers, restaurants, public houses, shops, recreational, sporting, educational and health care facilities.
The premises are positioned within the main trading area of the town set in a corner plot between the Market Place and Newgate and offers the opportunity to develop a unique business place, suitable for variety of uses.Overall, The Vines offers a rare opportunity to acquire a distinctive commercial premises, suitable to range of uses and is likely to appeal to both owner occupier and investment purchasers.FOR SALE OR TO LET BY PRIVATE TREATY GUIDE PRICE: £550,000 GUIDE RENT: £35,000 per annum
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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