36 Stonebridgegate, Ripon, North Yorkshire

Description

This high-yielding industrial site comprises a larger building of 933 sq m (10,043 sq ft) arranged as 7 units, together with a separate stand-alone unit of 143 sq m (1,538 sq ft), plus external parking and land. The property is offered for sale by traditional auction.

Accommodation

Ground Floor: Larger building: 6 x units; Separate building: 1 x unit. First Floor: Larger building: 1 x unit; Separate building: mezzanine floor. Externally: Land and parking.

Location

Located on Stonebridgegate, close to Ripon town centre, with regional connectivity via the A1(M). Harrogate, York, Leeds and the wider Yorkshire region are readily accessible.

Tenure / Property Information

Investment Analysis

No completed sales or sufficiently specific rental comparables are supplied. Market value, GDV and yield cannot be reliably established. The auctioneer indicates potential income above £100,000 per annum once all eight units are occupied, but this is an estimate rather than passing rent.

Investment Snapshot

Strategy Recommendation

Consider only as a commercial income investment after reviewing the legal pack, existing leases, rent schedule, vacant-unit details and all purchaser disbursements. Do not bid on the supplied evidence alone.

Works Required

No physical refurbishment works are evidenced. The principal opportunity identified is letting the two currently vacant units, subject to confirming their condition, specification and marketability.

Rental & Market Context

Potential BRRR Position

A refinance assessment cannot be completed because no supported GDV, exact rent, lease information or refurbishment budget is available. The guide price is £850,000, with a known 1.5% buyer administration charge of £12,750; other completion costs remain unspecified.

Buy-to-Let Analysis

Income-producing commercial investment with 6 of 8 units occupied. Exact passing rent, lease terms and achieved rents are not supplied, so yield and sustainable BTL returns cannot be established. The £100,000-plus figure applies only once the vacant units are occupied and is an auctioneer estimate.

Flip Analysis

A flip appraisal cannot be completed because there are no sold comparables, supported GDV, refurbishment costs or selling-cost allowance. The asset is an occupied multi-unit commercial site rather than an evidenced refurbishment-led resale opportunity.

Investor Risks & Due Diligence

• Two of eight units are vacant, creating letting and void risk.

• The stated income is an auctioneer estimate of potential rent, not passing rent or achieved rent.

• Lease terms, tenant covenants and existing rental schedule are not supplied.

• Special Conditions may create additional search, legal, transfer and seller-cost liabilities.

• No supported market value, GDV or refurbishment budget is available.

Recommendation

Consider only as a commercial income investment after reviewing the legal pack, existing leases, rent schedule, vacant-unit details and all purchaser disbursements. Do not bid on the supplied evidence alone.

Strategy Rating

Analysis Confidence

Property size, tenure, occupancy, guide price and one auctioneer income estimate are supplied, but there are no completed comparables, specific rental evidence, lease details, GDV or refurbishment-cost evidence.