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Market Place, Leyburn
Guide Price £400,000

Key Features

  • Freehold Commercial Property
  • Prime Trading Position
  • 5963sqft Over 3 Floors
  • Retail/Cafe/Residential Options
  • Options To Create Residential Dwelling
  • Mains Gas
  • Electric Air Conditioning Heating

Description

Guide Price £400,000 - £500,000

Norfolk House sits in a prime location on the Market Place of this bustling market town. Leyburn is the eastern gateway to the Yorkshire Dales and a destination town with a range of pubs, shops, and the Wensleydale Railway.

Norfolk House has previously been a department store, gift shop with first floor cafe, and is currently a bed showroom.

The building is large, with scope to subdivide and create some separate residential flats/cottage to the rear, while still retaining an excellent shop and cafe.

The current owners are creating a top floor residential flat, which could be owners' accommodation. There is further space in the attic which could also be developed.

Previous tenants were paying a rent of £36,000 pa. The owner's preference is to sell the freehold but may consider a rental or rent to buy option.

The property traded for many years as Serendipity with a turnover around £750,000, included in this was a cafe turnover of around £3500/week.

A change of direction by current owners has meant that the premises are not being utilised to their full potential, hence offered for sale.

Room Details

Ground Floor

Front Retail 8.60m x 5.87m (28'3" x 19'3")

Large front shop with display windows to the front and side.

Middle Retail 8.53m x 7.24m (28' x 23'9")

Central sales area. Window to the side. Staircase to the upper floors.

Rear Retail 10.20m x 8.00m (33'6" x 26'3")

Rear sales area. 2 Side windows. Rear door out to Crown Court.This area, together with the floor above could create a 2-storey residential area, subject to planning.

Staff/Kitchen Area

Shelving. Sink. Window to the side.

First Floor

Cafe 8.60m x 5.49m (28'3" x 18'0")

Former cafe area. 4 Front windows overlooking the market place. Small catering kitchen area.This was taking over £3500 per week under previous management.

Middle/Rear Retail 14.17m x 8.69m (46'6" x 28'6")

Large middle & rear retail space. Potential for rear to be developed for residential. Toilets. Storage room.

Second Floor

Currently under refurbishment to create a 3-bedroom residential flat.

Living/Kitchen 8.69m x 5.49m (28'6" x 18'0")

Open plan living kitchen. Modern fitted kitchen. Light, bright living area. 3 Windows to the front overlooking the marketplace. Great views.

Bedroom 1 5.49m x 4.27m (18'0" x 14'0")

Large rear double bedroom.

Bedroom 2 4.27m x 2.51m (14'0" x 8'3")

Rear double bedroom.

Bedroom 3 2.97m x 2.60m (9'9" x 8'6")

Good single bedroom.

Bathroom 2.60m x 2.44m (8'6" x 8'0")

New large shower, wash basin and WC. Tiled floor and walls. Window to side

Loft

Spacious attic rooms. Largely boarded. Skylights and gable window. Undeveloped.

Agents Notes

EPC was Band G, but this will be improved by recent lighting and insulation improvements.

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