2 bed flat for sale

Burgate, Pickering YO18

Excellent investment
opportunity comprising a prominently positioned mixed use property, set at the
top of Pickering Marketplace and providing a versatile range

of commercial and
residential space.

1 Burgate faces directly onto the Market
Place and comprises a substantial, Grade II Listed period property. In all the building
provides over 1,700 square feet of accommodation and benefits from an
established occupier to the commercial space, providing an incoming purchaser
with the benefit of immediate rental income and further income potential, as
when fully let out 1 Burgate as a whole has realised a solid yield of 6.5% pa.

To the ground and lower
ground floors is 839 square feet of commercial space. The commercial premises
are currently operating as a well-established and popular cafe, providing a
rental income of £14,000 with the lease extending until 2028, offer an
attractive degree of income security. The building is classified as A3/A4/A5
usage.

Comprising the top two floors of the
building, with a private entrance off Willowgate, the flat has been recently
refurbished and provides an attractive range of versatile accommodation. In
brief; entrance vestibule, kitchen, living room, sitting room/bedroom and a
further double bedroom and house bathroom. Until recently the rent passing was
£725 pcm.

Pickering is a busy market town on the
southern boundary of the North York
Moors National Park and some 25 miles north of the city of York. Heather
Croft offers easy access to a wide range of amenities, including primary
school, surgery, library, sports centre and swimming pool. Convenient also for
the surrounding countryside; the neighbouring North York Moors National Park to
the north and the Heritage Coastline to the east.