Castlegate, Malton YO17 – Malton
For sale £150,000
LOCATION The property is centrally located in the market town of Malton. It is approximately 24 miles south-west of Scarborough and approximately 18 miles north-east of York. The property occupies a prominent position on an end of terrace plot in the heart of Malton.
A unique opportunity to purchase a freehold retail unit with additional storage on the first floor, currently let out to Malton Spice with a passing rent of £15,000 per annum. The property offers an ideal investment producing an attractive 10% yield based on asking price, but also has significant potential for development subject to necessary planning permission.
The premises are situated in the historic market town of Malton and sits amongst a vast amount of retailers on a thriving high street.
TERMS The property is available to purchase freehold, with the benefit of an income of £15,000 per annum from the current tenants.
This industrial unit for sale is located in Malton.