Draft Particulars - Regent House
FOR SALE MIXED USE INVESTMENT OPPORTUNITY
CONTACT US
Regent House, 3 Market Place, Thirsk, North Yorkshire, YO7 1HQ Mixed use residential and bar investment Total rental income of £52,200 per annum Prominent location Redeveloped in 2006 Freehold Long unexpired term to Camerons Brewery
Guide Price - POA
Viewing is strictly by prior appointment with Colliers International, through:
Josh Foy Corporate Restructuring +44 113 200 1809 [email protected] Dominic Towler Corporate Restructuring +44 113 200 1813 [email protected] Property Ref: 23666
Colliers International 1 Broad Gate The Headrow Leeds, LS1 8EQ +44 113 200 1800 www.colliersproperty.co.uk
Regent House, 3 Market Place, Thirsk, North Yorkshire, YO7 1HQ LOCATION
Apartment 4:
Thirsk is a small market town in North Yorkshire with a
A third floor apartment comprising; 1 bedroom, open plan
population of approximately 4,998. Thirsk lies approximately 8
kitchen & living room, bathroom and storage cupboard.
miles south east of Northallerton, 23 miles north of York and 24 miles north east of the spa town of Harrogate. The arterial
The apartments share a communal entrance lobby, which is
road running through the town centre is the A61, connecting
accessed via an intercom system.
Thirsk to the market town of Ripon. The A19 passes Thirsk to the east, providing access to the north and south of the
FLOOR AREAS
country via the motorway network.
The Properties have the following approximate Gross Internal floor areas:
The subject property is situated in the centre of Thirsk occupying a northern position fronting Market Place (A61), in a
Property
Size Sq Ft
Size Sq M
predominantly retailing location.
Bar Premises
3,308
307.32
Apartment 1
708
65.77
Apartment 2
806
74.87
Apartment 3
438
40.69
Apartment 4
506
47.00
DESCRIPTION Regent House, formerly known as Regent Bingo Hall was redeveloped in 2006. The property was rebuilt utilising a steel frame whilst retaining the original brick façade. The mixed use property, which forms the end of a retail parade on Market Place, now provides a bar at ground and first floor and 4 apartments at second and third floors.
ALTERNATIVE USES The property may suit alternative uses, subject to the
Bar Premises:
necessary planning consents. Interested parties are advised to
An end terrace unit comprising basement, ground and first
make their own enquiries in this regard.
floor accommodation. Not physically occupied, but currently fit out as a bar, both ground and first floor provide open plan accommodation. The basement houses the beer cellar, while the small commercial kitchen and office facilities are at first
TENURE Freehold.
floor. Apartments 1 & 4 have been sold off Long Leasehold. Please Apartment 1:
refer to the Tenancy Schedule for further information.
A second floor apartment comprising; 2 bedrooms, open plan kitchen & living room, bathroom and storage cupboard.
PRICE Price available upon application.
Apartment 2: A second floor apartment comprising; 2 bedrooms, open plan kitchen & living room, bathroom and storage cupboard.
TENANCIES There are currently three Leasehold agreements, these are summarised below:
Apartment 3: A third floor apartment comprising; 1 bedroom, open plan
Bar Premises:
kitchen & living room, bathroom and storage cupboard.
Let to Camerons Brewery Limited on a 35 year lease dated 19th June 2007. The rent passing is £40,000 per annum.
Regent House, 3 Market Place, Thirsk, North Yorkshire, YO7 1HQ EPC Apartment 2: Let on a 12 month Assured Shorthold Tenancy agreement from 19th July 2016. The rent passing is £500 per calendar
EPC Ratings Property
month.
Energy Efficiency Rating
Bar Premises, Regent
Apartment 3: Let on a 12 month Assured Shorthold Tenancy agreement from 15th April 2016. The rent passing is £475 per calendar
E (116)
House, 3 Market Place, Thirsk, YO7 1HQ Apartment 2, Regent
month.
C (76)
House, 3 Market Place,
RATEABLE VALUE
Thirsk, YO7 1HQ
We understand the bar premises are listed on the 2010
Apartment 3, Regent
Valuation List as follows:
House, 3 Market Place,
C (74)
Thirsk, YO7 1HQ Property
Description
Rateable Value
Regent House, 3
Public House
£23,750
Market Place, Thirsk,
& Premises
YO7 1HQ
VIEWING Viewing
is
strictly
by
International.
PLANNING Enquiries regarding planning matters should be directed to the
SUBJECT TO CONTRACT
planning department of Hambleton District Council on: 01609
UPDATED MAY 2017
779 977.
SERVICES It is understood that mains water, gas, electricity and drainage, service the properties. It will be the responsibility of the purchaser to ensure that the services are available and suitable for any future intended use of the property.
VAT VAT, if applicable will be payable in addition to the purchase price.
LEGAL COSTS Each party is to bear their own legal costs in connection with the sale.
prior
appointment
with
Colliers
Regent House, 3 Market Place, Thirsk, North Yorkshire, YO7 1HQ
Tenancy Schedule Unit
Floor
Tenant
Start Date
End Date
Term
Passing Rent PA
Bar Premises
B, GF & FF
Camerons Brewery
19.06.2007
18.06.2042
35 Years
£40,000
Limited Apartment 1
SF
P. Richards
09.05.2008
08.05.3007
999 Years
£250
Apartment 2
SF
B. Baker-Rand
20.07.2016
19.07.2017
1 Year
£6,000
Apartment 3
TF
N. Fernley
15.04.2016
14.04.2017
1 Year
£5,700
Apartment 4
TF
Mr & Mrs Hindmarch
05.12.2007
04.12.3006
999 Years
£250
Total
£52,200
*Note - Plans are for identification purposes only and are not to scale.
Misrepresentation Act Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers, or lessees or Third Party should not rely on them as statement must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in rel 02/05/2017. Colliers International is the licensed trading name of Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509. Registered office: 50 George Street, London W1U 7GA
Regent House, 3 Market Place, Thirsk, North Yorkshire, YO7 1HQ
Misrepresentation Act Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers, or lessees or Third Party should not rely on them as statement must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in rel 02/05/2017. Colliers International is the licensed trading name of Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509. Registered office: 50 George Street, London W1U 7GA
CONTACT US
Regent House, 3 Market Place, Thirsk, North Yorkshire, YO7 1HQ Mixed use residential and bar investment Total rental income of £52,200 per annum Prominent location Redeveloped in 2006 Freehold Long unexpired term to Camerons Brewery
Guide Price - POA
Viewing is strictly by prior appointment with Colliers International, through:
Josh Foy Corporate Restructuring +44 113 200 1809 [email protected] Dominic Towler Corporate Restructuring +44 113 200 1813 [email protected] Property Ref: 23666
Colliers International 1 Broad Gate The Headrow Leeds, LS1 8EQ +44 113 200 1800 www.colliersproperty.co.uk
Regent House, 3 Market Place, Thirsk, North Yorkshire, YO7 1HQ LOCATION
Apartment 4:
Thirsk is a small market town in North Yorkshire with a
A third floor apartment comprising; 1 bedroom, open plan
population of approximately 4,998. Thirsk lies approximately 8
kitchen & living room, bathroom and storage cupboard.
miles south east of Northallerton, 23 miles north of York and 24 miles north east of the spa town of Harrogate. The arterial
The apartments share a communal entrance lobby, which is
road running through the town centre is the A61, connecting
accessed via an intercom system.
Thirsk to the market town of Ripon. The A19 passes Thirsk to the east, providing access to the north and south of the
FLOOR AREAS
country via the motorway network.
The Properties have the following approximate Gross Internal floor areas:
The subject property is situated in the centre of Thirsk occupying a northern position fronting Market Place (A61), in a
Property
Size Sq Ft
Size Sq M
predominantly retailing location.
Bar Premises
3,308
307.32
Apartment 1
708
65.77
Apartment 2
806
74.87
Apartment 3
438
40.69
Apartment 4
506
47.00
DESCRIPTION Regent House, formerly known as Regent Bingo Hall was redeveloped in 2006. The property was rebuilt utilising a steel frame whilst retaining the original brick façade. The mixed use property, which forms the end of a retail parade on Market Place, now provides a bar at ground and first floor and 4 apartments at second and third floors.
ALTERNATIVE USES The property may suit alternative uses, subject to the
Bar Premises:
necessary planning consents. Interested parties are advised to
An end terrace unit comprising basement, ground and first
make their own enquiries in this regard.
floor accommodation. Not physically occupied, but currently fit out as a bar, both ground and first floor provide open plan accommodation. The basement houses the beer cellar, while the small commercial kitchen and office facilities are at first
TENURE Freehold.
floor. Apartments 1 & 4 have been sold off Long Leasehold. Please Apartment 1:
refer to the Tenancy Schedule for further information.
A second floor apartment comprising; 2 bedrooms, open plan kitchen & living room, bathroom and storage cupboard.
PRICE Price available upon application.
Apartment 2: A second floor apartment comprising; 2 bedrooms, open plan kitchen & living room, bathroom and storage cupboard.
TENANCIES There are currently three Leasehold agreements, these are summarised below:
Apartment 3: A third floor apartment comprising; 1 bedroom, open plan
Bar Premises:
kitchen & living room, bathroom and storage cupboard.
Let to Camerons Brewery Limited on a 35 year lease dated 19th June 2007. The rent passing is £40,000 per annum.
Regent House, 3 Market Place, Thirsk, North Yorkshire, YO7 1HQ EPC Apartment 2: Let on a 12 month Assured Shorthold Tenancy agreement from 19th July 2016. The rent passing is £500 per calendar
EPC Ratings Property
month.
Energy Efficiency Rating
Bar Premises, Regent
Apartment 3: Let on a 12 month Assured Shorthold Tenancy agreement from 15th April 2016. The rent passing is £475 per calendar
E (116)
House, 3 Market Place, Thirsk, YO7 1HQ Apartment 2, Regent
month.
C (76)
House, 3 Market Place,
RATEABLE VALUE
Thirsk, YO7 1HQ
We understand the bar premises are listed on the 2010
Apartment 3, Regent
Valuation List as follows:
House, 3 Market Place,
C (74)
Thirsk, YO7 1HQ Property
Description
Rateable Value
Regent House, 3
Public House
£23,750
Market Place, Thirsk,
& Premises
YO7 1HQ
VIEWING Viewing
is
strictly
by
International.
PLANNING Enquiries regarding planning matters should be directed to the
SUBJECT TO CONTRACT
planning department of Hambleton District Council on: 01609
UPDATED MAY 2017
779 977.
SERVICES It is understood that mains water, gas, electricity and drainage, service the properties. It will be the responsibility of the purchaser to ensure that the services are available and suitable for any future intended use of the property.
VAT VAT, if applicable will be payable in addition to the purchase price.
LEGAL COSTS Each party is to bear their own legal costs in connection with the sale.
prior
appointment
with
Colliers
Regent House, 3 Market Place, Thirsk, North Yorkshire, YO7 1HQ
Tenancy Schedule Unit
Floor
Tenant
Start Date
End Date
Term
Passing Rent PA
Bar Premises
B, GF & FF
Camerons Brewery
19.06.2007
18.06.2042
35 Years
£40,000
Limited Apartment 1
SF
P. Richards
09.05.2008
08.05.3007
999 Years
£250
Apartment 2
SF
B. Baker-Rand
20.07.2016
19.07.2017
1 Year
£6,000
Apartment 3
TF
N. Fernley
15.04.2016
14.04.2017
1 Year
£5,700
Apartment 4
TF
Mr & Mrs Hindmarch
05.12.2007
04.12.3006
999 Years
£250
Total
£52,200
*Note - Plans are for identification purposes only and are not to scale.
Misrepresentation Act Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers, or lessees or Third Party should not rely on them as statement must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in rel 02/05/2017. Colliers International is the licensed trading name of Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509. Registered office: 50 George Street, London W1U 7GA
Regent House, 3 Market Place, Thirsk, North Yorkshire, YO7 1HQ
Misrepresentation Act Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers, or lessees or Third Party should not rely on them as statement must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in rel 02/05/2017. Colliers International is the licensed trading name of Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509. Registered office: 50 George Street, London W1U 7GA
