Market Place, Richmond

An outstanding opportunity to acquire a substantial mixed-use freehold investment situated in the heart of the highly sought-after and historic market town of Richmond, North Yorkshire.

This attractive property produces an exceptional annual rental income of £105,663.84, providing investors with an immediate and secure return from day one.

The property comprises:

Two established ground floor commercial units.
Three well-presented self-contained residential flats.
Fully occupied producing a combined rental income of £105,663.84 per annum.
The commercial accommodation benefits from a long-term lease with approximately 14 years remaining and is further strengthened by a substantial personal guarantor, providing investors with additional security and peace of mind.

Investment Highlights

Freehold mixed-use investment.
Asking Price: £700,000.
Annual Rental Income: £105,663.84.
Exceptional gross yield of approximately 15.1% at the asking price.
Long established tenants.
Strong personal guarantor supporting the commercial lease.
Rental income supported by an excellent payment history.
Prime High Street location within the popular North Yorkshire market town of Richmond.
Excellent condition throughout with significant investment made by the current owners.
Attractive asset suitable for private investors, pension funds and property companies seeking a high-income producing investment.

This is a rare opportunity to purchase an investment producing a substantial income from a well-located property with strong covenant strength and excellent long-term investment potential.

The EPC for the Ground Floor Retail Units is B (50) and for the residential flats C (75) and D (58)

Richmond is a historic market town in North Yorkshire, situated approximately 3.5 miles west of the A1(M), 14 miles south-west of Darlington and around 20 miles north-west of Northallerton. Located on the eastern edge of the Yorkshire Dales National Park, the town benefits from a strong mix of local residents and visitors throughout the year.

The property occupies a prime position fronting Market Place, Richmond’s principal retailing and commercial thoroughfare. The Market Place provides a range of national and independent retailers, cafés, restaurants and public houses, with nearby occupiers including Irvings, Morro Lounge, Boots, Mountain Warehouse, Greggs and Costa.

TERMS
The freehold of the property is available to purchase at a price of £700,000, providing a high gross yield of 15.60%.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Business Rates
The ground floor retail unit has a Rateable Value of £9,300. Applying the current 2026/27 Small Business Multiplier of 43.2p, this equates to an approximate annual Business Rates liability of £4,017.60, subject to any Small Business Rate Relief or other reliefs that may be available.

VIEWING 
Strictly by appointment through the sole selling agents.