Ground Floor Commercial Unit
2x One Bedroom Flats
Ideal Investment Oppourtunity
Prominent Position on Commercial Street
Healthy Passing Footfall
Freehold Investment Opportunity- 3 Commercial Street is a mid terraced property benefitting from a double fronted ground floor retail unit with 2 x one bedroom flats above. The building is situated in a prominent position to the south side of Commercial Street, Norton. The premises benefits from a healthy passing footfall, being close to towns amenities and a short walk from Malton Train Station.
The ground floor retail premises is currently vacant (being marketed at a rent of £7,500 per annum) and is suitable for a variety of different uses, subject to necessary consents. The prime commercial space extends to approximately 500 sq.ft and to the rear of the trading area there is a useful storage room (280sq.ft) and WC. The 2 x one bedroom flats above are fully let and have a private access to the side elevation to the property. They have a combined annual income of £13,000 per annum.
Malton is a popular town with a range of local amenities including schools, shops, eateries and sporting facilities, the town is also renowned for being 'Yorkshires Food Capital' which brings a number of tourists to the Market Town each year. Malton also facilitates a train station with great links to the Intercity service at York and a bus station with regular services East and West. The A64 also by passes the town with links to Scarborough and York.
Services: Mains water, electricity and drainage. (flats connected to mains gas)
EPC: Residential Flats: C Commercial Unit: D
Viewing: Strictly by appointment with the Agents: Rounthwaite & Woodhead, 53 Market Place, Malton, Yo17 7LX. Tel: 01653 600 747