47 Castlegate, Malton, North Yorkshire, YO17 7EA

Description

A Vacant Commercial Grade II Listed Building Arranged to Provide a Ground Floor Commercial Showroom, Five Rooms to the First Floor and Outbuildings to the Rear, Situated on a Site Measuring Approximately 510 sq m (5,487 sq ft). Potential for Development, Subject to Obtaining All Necessary Consents. The property requires a program of refurbishment.

Accommodation

Ground Floor: Commercial Showroom with glazed frontage. First Floor: Five Rooms (planning consent for residential use previously obtained). Exterior: Large rear yard with outbuildings.

Location

Situated on a mixed use road within the historic town of Malton close to local shops and amenities. Highly prominent position on the busy main road of Castlegate, connecting Malton and Norton. Malton rail station is within walking distance, along with Morrisons, Lidl and Asda.

Tenure / Property Information

Investment Analysis

The property is a vacant freehold mixed-use Grade II listed building with a commercial showroom, five first-floor rooms, rear outbuildings and a site of approximately 510 sq m. The supplied Castlegate sales range from £77,000 to £585,000, with materially different property types, dates and apparent characteristics; they do not provide a sufficiently reliable basis for a property-specific GDV or market value. The description confirms refurbishment is required, but no quantified works scope, planning status evidence or rental evidence is supplied.

Investment Snapshot

Strategy Recommendation

Do not bid on an investment or development basis until the legal pack, listed-building implications, planning consent, refurbishment scope, disbursements and independent valuation evidence have been reviewed. At the supplied evidence level, the opportunity is not underwritable.

Works Required

Undertake a detailed refurbishment assessment of the commercial showroom, first-floor rooms and rear outbuildings, subject to the requirements applicable to the Grade II listing. Review the previously obtained residential planning consent and confirm whether it remains applicable. The exact works, compliance requirements and costs cannot be established from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified. GDV, refurbishment cost, achievable rent, finance costs and refinance value are unsupported. The Grade II listed status, refurbishment requirement and need to confirm development consents create material execution and valuation uncertainty.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The building is described as mixed use and vacant, and the potential residential use is subject to confirmation of the prior planning consent and other necessary consents.

Flip Analysis

A flip appraisal cannot be quantified because there is no supported GDV, refurbishment allowance or selling-cost allowance. The supplied sales are highly varied and are not sufficiently comparable to establish a reliable resale value for this building.

Investor Risks & Due Diligence

• Grade II listed status may constrain alterations and increase approval and refurbishment complexity.

• The building requires a programme of refurbishment, but no scope or cost estimate is supplied.

• Potential development and residential use are subject to obtaining or confirming all necessary consents.

• No sufficiently specific rental evidence is available, so income and yield cannot be established.

• The supplied Castlegate comparables range widely and have differing descriptions, limiting valuation reliability.

• The £1,800 inc VAT administration charge applies, while other possible disbursements and costs are not quantified and require legal-pack review.

Recommendation

Do not bid on an investment or development basis until the legal pack, listed-building implications, planning consent, refurbishment scope, disbursements and independent valuation evidence have been reviewed. At the supplied evidence level, the opportunity is not underwritable.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacancy, mixed-use configuration, listed status and a broad refurbishment requirement, but provides no quantified works, rental evidence, reliable directly comparable valuation, planning documentation or complete purchaser cost schedule.