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West Burton, Leyburn, North Yorkshire
Guide Price £100,000

Key Features

  • Leasehold of Ground Floor Investment Property
  • Thriving Shop & Tearoom In Beautiful Dales Village
  • Attractive Tearoom Overlooking Village Green
  • Preparation Kitchen. WC
  • 2.5 Year Lease Remaining
  • Excellent Tenants
  • Rental Income £6-8,000 Per Year
  • 974 Year Lease

Description

West Burton Shop & Tearoom enjoys a prominent position overlooking the Village Green in this popular village in the Yorkshire Dales National Park.

West Burton is one of the most sought after villages in the Dale, situated between the market towns of Hawes and Leyburn. It has a beautiful protected village green, notable waterfalls and is surrounded by stunning hills and dales. It is an active community, retaining a primary school, village hall, shop and tearoom, butchers and a number of small businesses. As well as having a loyal local clientele, West Burton is a popular tourist destination for day visitors. There are holiday cottages, caravan parks & Westholme luxury lodges nearby resulting in additional seasonal income.

Our clients are selling the overall ground floor leasehold property, which has 974 years to run on a peppercorn rent. The current shop tenants have been running an excellent business for the last 2 years, which includes an attractive shop and tearoom, as well as a small preparation kitchen and customer WC and washroom.

The shop is well equipped with quality fixtures and fittings, shelving and display fridges. In addition to everyday essentials, the shop stocks a wide range of local produce, as well as food & non-food gift items and is also an off licence & newsagents. There is a galley kitchen for preparation as well as a customer WC. The tearoom enjoys the benefit of full windows with views over the village green, giving a light and contemporary feel. It has solid oak tables and chairs as well as shelving and counter with coffee machine. The tearoom doubles as a gallery space and offers gift and craft sales opportunities.

There are over 2.5 years of the lease remaining with a rent of £6,910 per year, which has been held at this rate due to Covid. There is an option to raise rent in line with the Rental Price Index and Inflation. The likely rent at the end of the lease is projected to be around £8,000 per year. Tenants may wish to renew, or new owners could let to new tenants or run the property themselves.Viewing is essential to appreciate the rare opportunity to own an attractive investment property in the heart of the Dales.

Room Details

DESCRIPTION

West Burton Shop & Tearoom enjoys a prominent position overlooking the Village Green in this popular village in the Yorkshire Dales National Park. West Burton is one of the most sought after villages in the Dale, situated between the market towns of Hawes and Leyburn. It has a beautiful protected village green, notable waterfalls and is surrounded by stunning hills and dales. It is an active community, retaining a primary school, village hall, shop and tearoom, butchers and a number of small businesses. As well as having a loyal local clientele, West Burton is a popular tourist destination for day visitors. There are holiday cottages, caravan parks & Westholme luxury lodges nearby resulting in additional seasonal income. Our clients are selling the overall ground floor leasehold property, which has 974 years to run on a peppercorn rent. The current shop tenants have been running an excellent business for the last 2 years, which includes an attractive shop and tearoom, as well as a small preparation kitchen & customer WC and washroom. The shop is well equipped with quality fixtures and fittings, shelving and display fridges. In addition to everyday essentials, the shop stocks a wide range of local produce, as well as food & non-food gift items and is also an off licence & newsagents. There is a galley kitchen for preparation as well as a customer WC. The tearoom enjoys the benefit of full windows with views over the village green, giving a light and contemporary feel. It has solid oak tables and chairs as well as shelving and counter with coffee machine. The tearoom doubles as a gallery space and offers gift and craft sales opportunities. There are over 2.5 years of the lease remaining with a rent of £6,910 per year, which has been held at this rate due to Covid. There is an option to raise rent in line with the Rental Price Index and Inflation. The likely rent at the end of the lease is projected to be around £8,000 per year. Tenants may wish to renew, or new owners could let to new tenants or run the property themselves.Viewing is essential to appreciate the rare opportunity to own an attractive investment property in the heart of the Dales.

SHOP 4.78m x 4.72m (15'8" x 15'6")

Very attractive, light room. Non slip commercial vinyl flooring. Wooden counter with shelving, fridge, safe, scales and till. Multi-deck Norpe display fridge. Upright full height freezer. Upright display fridge. Walls ice cream freezer. Newspaper display and grocery shelving. Ceiling beam. Ceiling spotlights. Window to south.

WC

Door from shop to small room with wash hand basin. Door to WC. Commercial non slip vinyl flooring. Extractor fan. Ceiling light. Loft hatch to small storage area and electric meters. There are electrics in place for hand drier if required. storage area and electric meters. There are electrics in place for hand drier if required.

KITCHEN 3.35m x 1.17m (11' x 3'10")

Saloon doors from shop. Commercial non slip flooring. Stainless steel 1 1/2 bowl sink. Plumbing for a dishwasher. Wall and base units. Fridge freezer. Combi microwave oven. Induction hob. Commercial toaster. Extractor hood. Ceiling lights.

TEAROOM 5.26m x 3.15m (17'3" x 10'4")

Lovely light room with beautiful views over the village green. Polished wooden floor. Painted tongue and groove walls. Built in counter with shelving, small wash basin, fridge, refrigerated cake display unit, Gaggia professional coffee machine. Large ice cream freezer. 3 solid Oak tables and 11 chairs. Fully glazed shop window with original stained glass panels & window seat currently used for gift display. Door to village green.

OUTSIDE

There is on road parking outside the shop and a wide flagged pavement which, although not owned by the shop, has been able to use for reasonable display. Log and coal sale store. The local bus stops outside and the post box stands against the shop wall.

AGENTS NOTES

There is a flat above the shop and tearooms which is under separate ownership. There are clear legal titles and maintenance obligations for both parties.Existing lease information is available for inspection. Future leases will be to negotiate with the current, or new tenants, or the current owner could take the property back in hand.This opportunity should give a yield in the region of 8%, depending on purchase price and new rental income.There are no covenants on use of the premises so new owners could change the usage at the expiry of the current tenancy if required.

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