Market Place, Richmond

The property comprises a substantial mixed-use premises arranged over three floors. The ground floor provides a self-contained retail unit with prominent frontage onto Market Place, benefiting from excellent visibility within Richmond town centre.

The upper floors comprise four self-contained residential flats, arranged across the first and second floors, providing a well-balanced mix of commercial and residential accommodation. The property offers an attractive investment opportunity, combining an established retail element with residential income in a prime town centre location.

The property falls within Use Class E/Sui Generis at ground floor, with the upper floors providing C3 residential accommodation comprising four self-contained flats.

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 
To arrange a viewing, please contact Bradley Hall on the contact details below.