Gatherley Road, Brompton On Swale, Richmond, North Yorkshire

£375,000

Guide price

Mixed use (commercial and residential) currently, with further development potential that will be sold as a whole or split in two lots. Lot 1 (outlined in red), comprises a refurbished one bedroom flat to the first floor element, with unit 2 below, currently storage space but with consent for residential conversion. Guide Price £125,000. Lot 2 - (remainder), comprises a generous, three bedroom flat to first floor with the large area of remaining ground floor space below, which currently has a commercial use. Guide Price £250,000.

SITUATION

Richmond 4 miles, Catterick Garrison 4 miles, Darlington 11 miles, Northallerton 12 miles.

Gatherley House is located on the outskirts of Brompton on Swale; a popular village offering good access to the market towns of Richmond, Bedale and Leyburn.

AMENITIES

Gatherley Road offers excellent access to A1(M) at Scotch Corner and Catterick Garrison, which in turn links to the A66 and A19. In addition, East Coast Mainline rail services are available from Northallerton and Darlington stations.

DESCRIPTION

Gatherley House (the former Tudor Hotel) currently comprises part residential accommodation and part retail / commercial / office premises.

The residential elements consist of a refurbished one bedroom, first-floor flat to the rear of the building (currently vacant, however it has been let recently and offers a purchaser the potential to generate a quick rental income from the property) and a large, refurbished, three bedroom flat to the first floor (occupied by the vendor) and arranged at the front of the property that offers rental potential or live-in accommodation. In addition, we are informed that there is planning permission for the development of a further ground floor flat to the rear of the building (below the refurbished one-bedroom flat) to provide another potential rental income stream (once completed).

The retail / office space is arranged across the remainder of the ground floor area (to the front of the building), plus a small section of first floor space used for storage with direct internal access (all of which is currently vacant). This existing commercial space is arranged over a large area and offers a huge potential for upgraded / split commercial space or for conversion to residential accommodation.

For clarity, part of the property (to the rear) has previously been sold, however the remainder is offered for sale either as a whole, or in two lots.

LOT 1

Lot 1 (outlined in red on the attached floorplan) comprises a refurbished, one bedroom first floor flat (Flat 1), plus the remaining retail / office unit below which currently forms part of the ground floor retail / office section of the building, but does have valid planning permission for residential conversion.

The ground and first floor areas that comprise Lot 1 are shown edged red on the attached floorplan.

Having been refurbished, Flat 1 provides an excellent example of what could be created and the having been historically let, the level of income stream that could be achieved on each residential unit.

LOT 2

Lot 2 comprises a three-bedroom, first floor flat (Flat 2), plus the remaining retail / office unit below and to the side. This is predominantly arranged over the ground floor to the front and side of the building, with a small section to the first floor, with direct internal access.

Updated and refurbished by the vendor, Flat 2 provides flexible residential space that would also provide an income stream if let.

The commercial space offers potential for sub-division or conversion, dependant on what use is required.

EXTERNALLY

To the front, there is a tarmac area, providing private parking spaces. It should be noted that as part of this tarmac area, there are five defined parking spaces, which are associated with other dwellings on site and have the benefit of a right of way over this tarmac area to access their private parking.

SERVICES

The property is understood to benefits from mains connections to electric, water, sewerage and gas.

PLANNING / DEVELOPMENT OPPORTUNITIES

We have had confirmation from Richmondshire District Council (Planning Department), that Permitted Development Rights could be exercised in order to change the current use of the retail / office space into further residential accommodation, with specific plans requiring approval and interested parties are to make their own enquiries with the local authority as required. It should be noted that the attached floorplan displays the current layout of the first floor flat of Lot 1, as well as the approved layout for the ground floor element of Lot 1, plus for Lot 2, an indicative internal layout for the ground floor and the current layout of the first floor.

LOCAL AUTHORITY

Current council tax bandings and charges can be obtained from the local authority, as can confirmation of the current rateable value and charges relating to the retail / office elements.

Richmondshire District Council. Telephone: 01748 829100.

EPC RATINGS

Flat 1: Band C (70) Residential, Flat 2: Band E (54) Residential, Units 2 & 3: Band E (105) Commercial

VIEWINGS

Strictly by appointment only via GSC Grays. Tel: 01969 600120.

PARTICULARS

Particulars were written in June 2019, with the photographs taken in June 2019.

EPC FLAT 1

EPC (EER) C 70.

EPC FLAT 2

EPC (EER) E 54.

COMMERCIAL EPC

EPC (EER) E 105.

Arrange viewing 01969 368025

GSC Grays - Leyburn

15 High Street, Leyburn, North Yorkshire

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