Property description
THE VILLAGE STORE,
MORTON-ON-SWALE, NORTHALLERTON,
NORTH YORKSHIRE, DL7 9RF
Shop & Flat For Sale or To Let
•Prominent location on A684
•Potential for new Post Office Counter
•Spacious living accommodation
LOCATION
The property occupies a prominent position in the village of Morton-on-Swale, which lies on the A684 Bedale road approximately 3 miles west of Northallerton. The A1(M) Motorway lies approximately 4 miles to the west.
The village is popular and well-located. Other amenities in the village include a butchers shop, village inn and two schools. Extensive facilities are available in nearby Northallerton.
DESCRIPTION
The property comprises a two-storey end-terraced building of rendered stone and brick construction under a tile covered pitched roof. The extension to the rear is under a mineral felt covered flat roof. The windows and doors are a mixture of UPVC double glazed units and single glazed timber framed units.
ACCOMMODATION
To the ground floor is a shop which has most recently been used as a Post Office and general dealers, but is now vacant. It comprises a retail area to the front, with plastered walls and ceilings and surface mounted fluorescent strip lighting. There are two display windows to the front. To the rear are two storage rooms. The retail area extends to a net internal area of 49.63 sq m (534 sq ft) and there is additional storage of 20.44 sq m (220 sq ft).
There is scope for the retail area of the shop to be extended into one of the existing storage rooms to create a larger retail area.
The flat is accessed from the rear of the property. The ground floor lobby also provides secondary access to the shop. The first floor of the flat comprises a living room with dining area, kitchen, two double bedrooms and a bathroom. There are two additional bedrooms and a w.c. within the attic space.
The flat extends to a gross internal area of 111.42 sq m (1,199 sq ft). There is a gas fired central heating system to radiators serving the first floor.
To the rear of the property is an open yard area, with parking for up to two vehicles and a detached brick storage shed with corrugated mono-pitched roof. The owners of the adjoining building have a partial right of way over the yard.
In addition to the car parking to the rear, there is a small forecourt to the front of the property and a layby nearby, which provides useful parking for customers of the shop.
THE BUSINESS
The shop is currently vacant. It has however, previously traded as a general dealer’s and Post Office. We understand that the Post Office are interested in reinstating a Post Office Counter within the shop. Further details are available on request. As well as trade from residents of the village, the shop has also previously benefitted from passing trade as it is located on a busy arterial route between Northallerton and the A1(M). In addition, there are proposals to develop around 48 houses on land opposite the subject property.
As well as use as a shop and/or Post Office, the shop may also be suitable for other retail uses, or indeed for use as an office, subject to all necessary consents including planning consent being obtained.
SERVICES
We understand all mains services are laid on to the property, however prospective purchasers should satisfy themselves as to the suitability of these services.
TENURE
The property is offered to let by way of a new lease for a term of years to be agreed. The lease is to be drawn on a full repairing and insuring basis. The rent will be reviewed in an upward only direction at the end of each 3rd year of the term.
RENT/PURCHASE PRICE
£9,960 per annum, exclusive of business rates and payable quarterly in advance.
The freehold is available with vacant possession at a purchase price of £199,950.
The property is not registered for VAT and therefore VAT will not be payable on the rent/purchase price.
PREMIUM
The new lease is available at nil premium. A deposit will, however, be required.
RATEABLE VALUE
The shop has a rateable value of £3,700.
The flat is entered into the Council Tax list as Band C property.
Interested parties should verify this information with the Local Authority. Business Rates relief may be available.
DEVELOPMENT POTENTIAL
The property may be suitable for conversion to a single dwelling or two smaller dwellings subject to all necessary consents including planning consent being obtained.
LEGAL COSTS
Each party is to bear their own legal costs
VIEWING
Strictly by appointment with sole agents, Stanton Mortimer (reference Michael Blake or Paul Fairlamb) at the Newcastle upon Tyne office.
LOCAL AUTHORITY
Hambleton District Council, Civic Centre, Stonecross, Northallerton, North Yorkshire. DL6 2UU.
All figures quoted above are exclusive of VAT where chargeable.
CODE OF PRACTICE FOR COMMERCIAL LEASES
The Code of Practice for Commercial Leases in England and Wales recommends parties intending to enter into leases should seek advice from professionals or lawyers at an early stage. The Code is available through professional institutions and trade associations or through the website,
www.commercialleasecodeew.co.uk
Particulars prepared: 04/15