15 & 15A High Street, Leyburn
Guide Price £275,000

Key Features

• Excellent Freehold Investment Premises
• Ground Floor Commercial Premises & 2 Bedroom First & Second Floor Flat
• Prime High Street Position in a Bustling Market Town
• Currently a Combined Annual Rental Income: £18,940, with Scope to Increase
• Secure Commercial Lease with Established Tenants
• Long-Standing Residential Tenants in Occupation for Approximately 13 Years
• Rare Opportunity to Acquire a Freehold Investment in a Sought-After Location
• Fully Let Property Providing Immediate Rental Return
• Mixed-Use Investment Offering Dual Income Streams
• Located in the Heart of the Yorkshire Dales

Description

15 & 15A High Street is situated in the heart of the thriving market town of Leyburn, which presents an excellent opportunity to acquire a mixed-use investment property producing an attractive income from both commercial and residential tenants.

Occupying a prominent High Street position, the property comprises a well-established ground floor retail premises together with a spacious two-bedroom flat above. The commercial unit is currently let on a secure lease which started 31st Jan 2024 and generates an annual rental income of £13,000, paid in four instalments throughout the year. The current tenants are committed to a ten-year lease, with the option to extend for a further five years if required, providing investors with long-term security. The rent on the shop is fixed and cannot be increased for the next five years, offering certainty and stability of income.

The first-floor flat is occupied by reliable long-term tenants who have been in residence for approximately thirteen years and are currently paying £495 per calendar month. Whilst the residential rent could potentially be increased anually or to reflect current market levels, the present owners have valued the consistency and dependability of the existing tenants.

Combined, the property currently produces an annual income of £18,940, representing an attractive return for investors seeking a straightforward and well-located asset. The blend of commercial and residential accommodation provides diversification of income, while the established tenancies offer immediate cash flow from completion.

Leyburn remains one of North Yorkshire's most desirable market towns, attracting both visitors and local trade throughout the year. Renowned for its vibrant market square, independent shops, cafés and excellent amenities, the town continues to experience strong demand from both businesses and residents alike. Its location on the edge of the Yorkshire Dales National Park further enhances its appeal and underpins long-term investment prospects.

Offered with a guide price of £275,000, this is a rare opportunity to acquire a prominent mixed-use investment property in a sought-after North Yorkshire location with secure income already in place.

Ground Floor

Reception/Waiting Room
Good sized reception area. Vinyl wood effect flooring. Large window and door to front.

WC
Vinyl wood effect flooring. Washbasin. WC.

Kitchen
Vinyl wood effect flooring. Gas central heating boiler. Wall units. Worktop.

Treatment Room 1
Front room. Vinyl wood effect flooring. Wall and base units. Large frosted window to front.

Treatment Room 2
Vinyl wood effect flooring. Wall and base units.

Utility Room
Vinyl wood effect flooring. Storage units. Wash area with sinks.

First Floor Flat
Accessed from the side of the building.

Living Room
Large light living room. Fitted carpet. Radiator. Gas fire in fire surround. Dado rail. Window to front.

Kitchen
Laminate wood flooring. Ceiling beam. Radiator. Good range of wall and base units. Integrated electric oven. Electric hob. Extractor fan. Plumbing for washing machine. Stainless steel sink and drainer. Window to rear. Door to side.

Bedroom 2
Fitted carpet. Radiator. Built in cupboard. Window to front.

Stairs and Landing
Fitted carpet. Radiator.

Second Floor

Bedroom 1
Large double bedroom. Fitted carpet. Radiator. Built in wardrobes. Window to front.

Bathroom
Vinyl flooring. Washbasin. WC. Bath with shower over. Windows to side.

Agents Notes
Mains Gas, water and electricity.

Flood Risk: Noted very low with no history of flooding.

Broadband: Basic 18 Mbps. Superfast 80 Mbps. Ultrafast 1000 Mbps.

Shop Premises Lease Information
The current lease term is 10 years, with an option to extend for a further 5 years. The tenant also has a break clause in year [X]. The rent is fixed for the first 5 years and cannot be increased during this period.

Commercial shop producing an annual rental income of £13,000.

Tenant in occupation.
Tenants are responsible for business rates and utility costs.
Landlord’s insurance costs recoverable from the tenant.
Restrictions on alterations help protect the landlord’s asset.
Established Class E use providing flexibility for a range of commercial occupiers.

Prospective purchasers should rely on their own investigations and review the lease documentation in full.

Rental Apartment Lease Information
The current tenants pay £495.00 per calendar month (PCM). They have lived at the property for 13 years, and the rent has never been increased because they are reliable, long-term tenants. However, the rent could be reviewed and increased annually if required.

Anti-Money Laundering (AML) Checks

Should a purchaser(s) have an offer accepted on a property marketed by J.R. Hopper & Co., they will need to undertake an AML check. We require this to meet our obligation under AML regulations and it is a legal requirement. We use a specialist third party service, provided by Lifetime Legal, to verify your identity. The cost of these checks is £60 (including VAT) per purchase, payable in advance directly to Lifetime Legal, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.