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62 Main St 835 sq ft Retail Property Cayton YO11 3RT £335,000 (£401.20/sq ft)
Investment Highlights
- Shop Premises & 3 Bedroom Cottage
- Both Currently Let
- Cottage Rental Income of £10,200 PA
- Freehold Commercial Investment
- Central Village & Main Road Location
- Shop Rental Income of £12,000 PA
Executive Summary
Freehold investment opportunity available with this shop premises and three bedroom cottage behind with current annual income of £22,200 per annum.
A unique opportunity to acquire this freehold property consisting of a shop unit and three bedroom cottage behind located in the centre of the village of Cayton. The shop unit is let on a full repairing and insuring lease of £12,000 per year on a 10 year term from July 2024. The cottage consists of three bedrooms, kitchen/diner, lounge, three bedrooms and a bathroom and courtyard at the front. The cottage is let on an assured shorthold tenancy at £850 per month,. Total combined income of £22,200 per year.
HMRC Check
If you have an offer accepted on this property, we are obliged by HMRC to conduct mandatory Anti Money Laundering Checks. We outsource these checks to our compliance partners at Guild365. They charge a fee for this service. For further information, please contact our office.
A unique opportunity to acquire this freehold property consisting of a shop unit and three bedroom cottage behind located in the centre of the village of Cayton. The shop unit is let on a full repairing and insuring lease of £12,000 per year on a 10 year term from July 2024. The cottage consists of three bedrooms, kitchen/diner, lounge, three bedrooms and a bathroom and courtyard at the front. The cottage is let on an assured shorthold tenancy at £850 per month,. Total combined income of £22,200 per year.
HMRC Check
If you have an offer accepted on this property, we are obliged by HMRC to conduct mandatory Anti Money Laundering Checks. We outsource these checks to our compliance partners at Guild365. They charge a fee for this service. For further information, please contact our office.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
835 sq ft
Costar Property Class
B
Year Built
1985
Price
£335,000
Price per sq ft
£401.20
Tenancy
Single
Number of Floors
2
Plot ratio
0.28
Total Plot Size
0.07 ac
Frontage
38 ft on Main Street
Amenities
- Storage Space
1 1
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62 Main St
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