York Place Cottages, 1- 4 Ripon Road, Killinghall, HG3 2DF £495,000

8 4 4

Description An impressive stand alone, stone built with a slate roof, character investment property, well maintained by the current owners and comprising 4 excellent self-contained 2 bedroom apartments offering further scope for enhancement if required. The property, when fully let, will deliver an annual income of £30,120 thus delivering a gross yield of over 6% based on our guide price. The property sits in well maintained gardens with attractive screening hedge and has good off road parking. Apartment 3 is currently undergoing refurbishment work to ensure the property is compliant with electrical safety regulations, it will then be offered for let.

Of undoubted interest to investors, the property also offers opportunities for further enhancement in the future, including the alteration to revert to the original configuration of 2 houses, subject to the necessary planning consent and additional modernisation.

There is a good cellar under apartment 1 accessed via a kitchen trap door, the original stone steps do still remain, but with no direct access. There is a room utilised by the landlord within apartment 2 for storage.

We are seeking offers in excess of £495,000 for the freehold of the property subject to the existing Assured Shorthold tenancies.

Location The property is located approximately 3 miles to the north of Harrogate within this popular village. There are regular bus services on the '36' route to Harrogate, Leeds and Ripon. There is a public house within the village and a soon to be operational convenience store.

Directions Take the A61 Ripon Road out of Harrogate town centre. At the New Park roundabout take the second exit and continue on the Ripon Road. As you enter Killinghall the property is on the right hand side marked by our For Sale Board.

Tenure Freehold but subject to existing Assured Shorthold Tenancies.

Council Tax Apts 1, 2, 3 & 4 Band B.

Energy Performance Certificate Apts 1, 2, 3 & 4 - Grade D.

Services All mains services are connected to the property.

Tenancy Information All four flats are let on Assured Shorthold Tenancies. They are EPC, gas and electrical safety compliant. Tenancy Deposits are registered and protected. Rental payments are up to date.

Apartment 1 has been occupied since 23/8/19, expiring 22/8/21 achieving a rental of £670.00 pcm.

Apartment 2 has been occupied since 22/2/20, expiring 21/2/22 achieving a rental £625.00pcm.

Apartment 3 is vacant whilst electrical safety work is completed, proposed re-marketing at a rental of £625.00 pcm.

Apartment 4 has been occupied since 20/3/21, expiring 19/9/21 achieving a rental £590.00pcm.

Details Produced 24th March 2021.

FSS trust potential buyers and sellers have obtained financial advice, or have funds in place, prior to entering into a property transaction. FSS, as agents acting on behalf of clients, will seek proof of funding to safeguard our clients interest. Should you require mortgage advice, we have a long standing relationship with an independent mortgage advisor who can provide information for you. Please ask a member of staff for more details. Over the course of the last financial year 2018-2019 referrals to this independent mortgage broker have, on average, earnt us a fee of £339.96 per case.

IMPORTANT NOTICE: 1. Particulars: These particulars are not an offer of contract, nor part of one. You should not rely on statements by Feather Smailes Scales LLP in the particulars or by word of mouth or in writing ("information") as being factually accurate about the property, its condition or its value. Neither Feather Smailes Scales or any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The measurements and distances given are approximate only and maps, plans and areas displayed are for illustration purposes only. Photographs show only certain 01423 501211 parts of the property as they appeared at the time they were taken. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4: VAT: The VAT position in relation to the property may change without www.fssproperty.co.uk notice. Viewing by appointment only. Feather Smailes & Scales is a limited liability partnership registered in England with registered number OC308783. Our registered office is 8 Raglan Street, Harrogate, North Yorkshire, HG1 1LE, where you may look at a list of members' names. [email protected] 8 Raglan Street, Harrogate, North Yorkshire, HG1 1LE