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

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

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 proper ty, 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 proper ty 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 nec essary 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. Ther e 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 centr e. At the
New Park roundabout take the second exit and continue on
the Ripon Road. As you enter Killi nghall 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 prope rty 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 regu lations 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.
                                                                                                                                                                                                                                                                             sales@fssproperty.co.uk
                                                                                                                                                                                                                                                                          8 Ra glan Street, Ha rroga te,
                                                                                                                                                                                                                                                                            North Yorkshi re, HG1 1LE